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Rants, Raves & Reviews

• March 05, 2008
• 

  Nyaga Stockbrokers bites the dust...

  Posted: March 5th, 2008, 11:21pm CST

  Tags:  Review  

  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...