African peer markets have outperformed the Nairobi Securities Exchange (NSE) in the first three quarters of 2016 with the Kenyan bourse pulled down by a sharp decline in September following the cap on bank interest rates.

Foreign investors at the Nairobi Securities Exchange (NSE) sustained buys Wednesday, going for telecom and bank stocks in particular, amid low turnover.

Nairobi Securities Exchange listed Investment firm TransCentury has proposed the issuance and allotment of 93.78Million new ordinary shares to Kuramo Africa. This is approximately 25% of total share capital of the company.

Kenya has suspended a plan to cross-list its $2 billion Eurobond on the Nairobi Securities Exchange until foreign investors are allowed to trade in shares and bonds directly without intervention by local stockbrokers.