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Wednesday, March 05, 2008

Nyaga Stockbrokers bites the dust...

As I reported earlier that things were looking dim for Nyaga Stockbrokers... well, they are down & out...

I am not sure what the NSE hoped to achieve by pumping a mere KShs 100mn of investors' money into Nyaga but...

I expect the license to be auctioned but the amount will not be enough to cover Nyaga's losses - estimated at 800mn - and this will be interesting...

Solid Securities has sold 55% (or more) to NIC Bank...
Discount is hunting for a partner...

2 comments:

Anonymous said...

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Anonymous said...

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