The NSE has suspended a Sh4.8 billion corporate bond issued by Chase Bank, which was placed under receivership over liquidity problems.

The National Bank of Kenya (NBK) has reported a staggering full-year loss of Sh1.2 billion, results that not only reverse the after-tax profit of Sh870.7 million it made in 2014 but also go down as it worst performance in recent history.

The Nairobi Securities Exchange has now pushed the much anticipated derivatives exchange to June citing in-adequate preparations from other market players for the product. Furthermore, the Capital Markets Authority is seen to be slowing the process as its supposed to give the final fees given that the exchange has proposed to the CMA to approve charges of between Sh15 and Sh25 for every derivatives contract.

Cables manufacturer East African Cables reported a net loss of Sh741 million for 2015 Wednesday, but said a strong order book due to booming energy and construction projects in the region could help improve its performance.