KA-INVESTOR
The NSE chairman, Jimnah, has come out fighting the allegations on Monday’s Business Daily that there was insider trading regarding the recently bonus announcements by Mumias Sugar Co. Ltd and EABL. I like the way he dismisses BD at the end of the notice. But I still don’t think that the NSE can completely steer clear from insider trading as he claims {just a lot of mumbo jumbo}. Even much more efficient bourses like the NYSE still suffer such allegations.The kroll report was released last week and I’m still reading it because I can’t believe such plunder of public property can take place and nothing is done to the perpetrators. Kenyanomics has an extensive summary on this.
In other business Tesco has decided to ditch Uchumi franchises deal and it’s now rebranding all the branches it had franchised. This is going to create even more competition for the ailing Uchumi.
And lastly CONGRATS to all Kenyans athletes that did us proud in Osaka, Japan. That was just exemplary.