Thursday, July 26, 2007

In search of probity on the NSE

While it was previously possible for Kenyans to become millionaires overnight through corrupt government related deals, a new breed of billionaire entrepreneurs in Kenya is making it through shadowy transactions on the NSE. This is the traditional functioning of the stock markets. Companies are put up on the stock exchange either because their shareholders are seeking to reduce their risks in their investments, or as a means of accumulating extra capital for growth and development.

Job Obonyo on conflicts of interest in the market place and the dangers of insider trading at the Nairobi Stock Exchange.

Read more here.