Africa ETP News
you are currently viewing::Retail revolution on Nairobi ExchangeFebruary 13, 2026--The number of equity trades every day has been doubling or tripling on the Nairobi Securities Exchange after Safaricom launched its retail-focused Ziidi trading platform. The platform opens buying and selling shares to nearly 38 million active subscribers of Safaricom's M-PESA mobile money platform and strips layers of form-filling and investment minimums. The daily number of deals has soared since pilot trading started on Ziidi on 5 February. There were 24,357 trades yesterday 12 February (according to the Nairobi Securities Exchange daily report) and 25,773 trades in equities on 11 February, the highest ever recorded on the Nairobi bourse. Ziidi started piloting on 5 February and reporter Harry Njuguna writes in the excellent Kenyan Wall Street: "Activity jumped to 8,713 deals on day one, accelerated to 12,893 on 6 February, reached 14,300 on 9 February, and touched 15,700 mid-session on 11 February before closing even higher." Source: africancapitalmarketsnews.com |
South African rand strengthens after surprise GDP growth data
June 9, 2026- The rand strengthened on Tuesday after South Africa's economy expanded more than expected in the first quarter of 2026, though the impact of the Iran war was likely to be reflected in the next release.
At 1415 GMT, the rand traded at 16.4325 against the U.S. dollar, up about 0.6%.
