Kenya: All firms listing on NSE to enjoy income tax break
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Companies listing by introduction on the Nairobi Securities Exchange will start enjoying tax holidays following amendment to the Income Tax Act.
1M | 3M | YTD | 1Y | 2Y |
-6.11% | -3.11% | +13.15% | -0.89% | -23.69% |
Value Traded (Mln KES) 463.57 |
Volume 32,819,400 |
Transactions - |
Market Cap. (Bln KES) 1,543.50 |
Companies listing by introduction on the Nairobi Securities Exchange will start enjoying tax holidays following amendment to the Income Tax Act.
Moody's Investors Service has today assigned first-time ratings to Kenya Commercial Bank Limited (KCB): B1/Not Prime global local and foreign currency issuer ratings; B1/Not Prime local-currency deposit ratings; B2/Not Prime foreign currency deposit ratings (constrained by Kenya's B2 country ceiling for such foreign currency deposits); and a b1 standalone baseline credit assessment (BCA) and b1 adjusted BCA. The outlook on the long-term issuer and deposit ratings is stable. Moody's also assigned a Counterparty Risk Assessment (CR Assessment) of Ba3(cr)/Not Prime(cr).
Sisal grower Rea Vipingo Plantations has announced it is no longer listed on the Nairobi Securities Exchange (NSE) E effectIVE September 17.
Kenya's Nairobi Securities Exchange has delayed the roll out of a derivatives market to this quarter from the earlier target date of the second quarter to adequately prepare the market for the launch, it said on Wednesday.