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Welcome to Naiwall Street! This section will be updated with more business and economy oriented entries. At the moment we have Cake Decoration and more will follow.
About Naiwall Street
Naiwall Street is a portmanteau of the words "Nairobi" and "Wall Street". Wall Street is the financial hub of the United States of America and is located in New York city in the state of New York. It is known all over the world, with New York being one of the largest cities in the world geographically, financially and population wise. Naiwall Street is Africa's Wall Street that is located in Nairobi, Kenya.
Nairobi is the leading city in business in Africa and hence Naiwall Street mirrors Wall Street in this regard. Nairobi serves as the hub or centre for business on the continent. Nairobi is located to the eastern side of Africa, that is the east coast bordering the Indian Ocean. This is similar in a way to Wall Street in New York city that is located on the east coast bordering the Atlantic Ocean. We are east coast people! New York city and Nairobi city should be sister cities y'all!
Ever heard of emerging markets my friend? Well they don't emerge any better than Nairobi, Africa. The global economy is going down south from China to south east Asia and from there it is Nairobi, Africa baibee! This is where it is all going down at! The future of the world's economy is pointing at Nairobi people! The fear of misssing out, FOMO, will cripple you if you continue to be hesitant about investing here. It's all about timing. Get in before all the low hanging fruit is picked up.
Some of the international companies listed here have already acquired properties and have already placed themselves strategically for this. If you think we are bluffing, just check out how much China is invested in and doing business with Africa! If you are wondering how we are backing up our sentiments and claims, it is through the simple fact of observation, as in we are seeing it happening. It's already going down people, no need to be carrying out any more hypotheses and studies.
Volkswagon just opened up a car assembly plant not so long ago in Thika, one of the satellite towns of Nairobi and more companies are arriving by the minute. Low cost of production hence high supply, high levels of demand driving high profit margins, laws of economics people, dah! Why import a vehicle when you can get it brand new locally at a much cheaper price?
Some of the biggest international companies and organisations with offices in Naiwall Street are Toyota, Nissan, Visa Inc., World Bank, Xinhua News Agency, TNT, Standard Chartered Bank, Sony, Scania AB, Sage Group, RTI International, Red Cross, Rockefeller Foundation, Oracle, Pfizer, Qualcomm, Panalpina, NIIT, Nestle, Mitsubishi Motors, Mastercard, LG, Kiva, Jotun, Intel Corporation, Kaspersky Lab, IBM, Huawei, IMF, General Electric, Eltek, Diageo, PricewaterhouseCoopers, Coca Cola, China Daily, Bosch, Cisco Systems, Deloitte, Airtel, Kuehne Nagel, DHL, Google, Microsoft, Total, Shell, Tata, SAP, Unilever and many more.
The biggest local companies in Naiwall Street include the likes of Kenya Airways, Kenya Commercial Bank, Kenya Electricity Generating Company, Safaricom, Unga Group, Nation Media Group, Standard Group, Royal Media Services, Telkom Kenya, Equity Bank, CFC Stanbic Bank, National Bank, Sasini Group, Bamburi Cement amongst many others.
Other local companies and brands in Naiwall Street include the likes of Craft Silicon, Fanisi Capital, Bonfire Adventures, Jambo Jet, Fly 540, Easy Coach, Modern Coach, Coast Bus, Farmers' Choice, Tuskys, Naivas, Brookside Dairy, House of Manji and many others.
Naiwall Street has a stock exchange that is called the Nairobi Securities Exchange (NSE), somewhat with a similar abbreviation to the New York Stock Exchange (NYSE). The NYSE and NASDAQ are headquatered in New York City and are the world's two biggest stock exchanges by total market capitalization.
The Nairobi Securities Exchange was founded in 1954 as Nairobi Stock Exchange and is headquartered in Nairobi, Kenya. It has a listing of 65 companies and a market capitalization of Ksh 2.166 trillion as of 16th January 2019.
The indices on the Nairobi Securities Exchange as of 16th January 2019 are NSE All Share Index, NSE 20 Share Index, NSE 25 Share Index, FTSE NSE Kenya 15 Index, FTSE NSE Kenya 25 Index, FTSE NSE Kenya Govt. Bond Index, FTSE ASEA Pan African Index. The listings as of the 16th January 2019 are:-
In the agricultural listing are Eaagads Ltd Ord 1.25 AIMS, Kapchorua Tea Co. Ltd Ord 5.00 AIMS, Kakuzi Ord 5.00, Limuru Tea Co. Ltd Ord 20.00, Rea Vipingo Plantations Ltd Ord 5.00, Sasini Ltd Ord 1.00, Williamson Tea Kenya Ltd Ord 5.00.
In the automobiles and accessories listing is Car and General (K) Ltd Ord 5.00.
In the banking listing are Barclays Bank Ltd Ord 0.50, Stanbic Holdings Plc. Ord 5.00, I&M Holdings Ltd Ord 1.00, Diamond Trust Bank Kenya Ltd Ord 4.00, HF Group Ltd Ord 5.00, KCB Group Ltd Ord 1.00, National Bank of Kenya Ltd Ord 5.00, NIC Group Plc, Standard Chartered Bank Ltd Ord 5.00, Equity Group Holdings Ord 0.50, The Co-operative Bank of Kenya Ltd Ord 1.00, Bank of Kigali.
In the commercial and services listing are Express Ltd Ord 5.00, Sameer Africa Plc Ord 5.00, Kenya Airways Ltd Ord 5.00, Nation Media Group Ord 2.50, Standard Group Ltd Ord 5.00, TPS Eastern Africa (Serena) Ltd Ord 1.00, Scangroup Ltd Ord 1.00, Uchumi Supermarket Ltd Ord 5.00, Longhorn Publishers Ltd, Atlas Development and Support Services, Deacons (East Africa) Plc Ord 2.50, Nairobi Business Ventures Ltd.
In the construction and allied listing are Athi River Mining Ord 5.00, Bamburi Cement Ltd Ord 5.00, Crown Paints Kenya Plc Ord 5.00, E.A. Cables ltd Ord 0.50, E.A. Portland Cement Ltd Ord 5.00.
In the energy and petroleum listing are KenolKobil Ltd Ord 0.05, Total Kenya Ltd Ord 5.00, KenGen Ltd Ord 2.50, Kenya Power & Lighting Co Ltd, Umeme Ltd Ord 0.50.
In the insurance listing are Jubilee Holdings Ltd Ord 5.00, Sanlam Kenya Plc Ord 5.00, Kenya Re-Insurance Corporation Ltd Ord 2.50, Liberty Kenya Holdings Ltd, Britam Holdings Ltd Ord 0.10, CIC Insurance Group Ltd Ord 1.00.
In the investment listing are Olympia Capital Holdings Ltd Ord 5.00, Centum Investment Co Ltd Ord 0.50, Trans-Century Ltd, Home Afrika Ltd Ord 1.00, Kurwitu Ventures.
In the investment services listing is the Nairobi Securities Exchange Ltd Ord 4.00.
In the manufacturing and allied listing are B.O.C. Kenya Ltd Ord 5.00, British American Tobacco Kenya Ltd Ord 10.00, Carbcid Investments Ltd Ord 5.00, East African Breweries Ltd Ord 2.00, Mumias Sugar Co. Ltd Ord 2.00, Unga Group Ltd Ord 5.00, Eveready East Africa Ltd Ord 1.00, Kenya Orchards Ltd Ord 5.00, Flame Tree Group Holdings Ltd Ord 0.825.
In the telecommunication and technology listing is Safaricom Plc Ord 0.05.
In the real estate investment trust listing is Stanlib Fahari I-REIT.
In the exchange traded fund listing is New Gold Issuer (RP) Ltd.
So let us get investing by buying ourselves some shares in these companies. You can make some serious cash on the stock market if you have a good idea of how to go about trading shares. You can also invest in bonds. Even if you don't have an idea about trading stocks, you can still make money with the help of professional traders in stock brockerage firms and investment banks. So, don't be worried, just let the pros do the worrying for you as you watch your money grow.
Just be cautious and go for the well established firms by doing thorough research and ask your friends, colleagues and neighbours to give you hints about the best investment portfolio in Kenya. There have been cases of fraud from shady brokerage firms and pyramid schemes.
This is not an exception to Naiwall Street, as you will recall how Bernard Lawrence Madoff of The Madoff Investment and chairman of NASDAQ defrauded investors around 50 billion dollars. Madoff, a graduate of Hofstra University, was convicted and pleaded guilty on the 12th of March 2009 of running a ponzi scheme. He was sentenced by a federal judge to a maximum of 150 years behind bars. So be cautious with ya money, but go out there and make a boatload of it coz it can be done! Welcome to the new global financial frontier that is Nairobi!
This section of Bikesh website will be regularly updated with articles about the financial sector in Naiwall Street in Nairobi and Africa in general and how it relates to the rest of the world. Stay tuned!