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CMA blames dismal performance for IPO drought at NSE

KTN news anchor Betty Kyallo during Nairobi Securities Exchange (NSE) Charity Trading Day in Nairobi on November 10 2017.The annual event brings together various capital market players, known personalities, market participants and the financial community to network and have fun. (David Njaaga, Standard)

A third of Kenya’s listed companies issued profit warnings last year, reflecting the tough economic times that have hit the country’s private sector.

The Capital Markets Authority says 20 firms issued profit warnings while 14 companies actually fell into losses last year.

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