The long suffering shareholders of suspended NSE listed firms Hutchings Biemer and A. Baumann can finally look forward to getting their wealth unlocked after the Capital Markets Authority (CMA) promised to delist the firms in the next six months.

Kenyan capital markets regulators have given the nod to firms seeking to list exchange traded funds (ETFs) on the Nairobi Securities Exchange to cross-list the investment product on other East African exchanges as well.

Electricity producer KenGen has sold a 5.33 per cent stake to South Africa’s pension fund, Public Investment Corporation (PIC), for Sh2.3 billion.

Power generator KenGen was the highest traded stock at the NSE yesterday, moving 10.16 million shares in local investor-led trades.