Nairobi bourse goes digital
COMPUTINGBy BiztechAfrica - Sept. 5, 2012, 10:24 a.m.
By Semaj Itosno, Nairobi, Kenya
The Nairobi Securities Exchange (NSE) has finally launched an electronic system that links all brokers to the bourse’s trading systems.
The system effectively eliminates the tedious paper trading of shares and would make monitoring of NSE activities easier for management.
With the new system the entire process of trading in securities listed on the NSE is effected electronically; from inputting an order, to processing the order, to making payment and transferring the securities to the new owners.
Dubbed as broker back office (BBO) – the system also allows clients to track and audit activities through alert messages and electronic reports.
According to Kathir Kamathan, chief executive of Chella Software, the company that built the system for the Kenya said South Africa and Singapore are markets in the world using the system.
Kamathan said the system would help build trust amongst investors.
Once fully implemented the new system would cost Sh100m.
MORE COMPUTING NEWS
Toshiba ranks no. 1 in East Africa notebook marketIDC’s CY 2013 final results show Toshiba as the no. 1 Notebook vendor in East Africa. Read More
Teachers get Better Ghana Agenda laptopsA total of 2,331 Better Ghana Agenda laptop computers have now been presented to teachers who completed the Rlg ICT training under the Basic school Computerisation Project in the Central Region. Read More
Kenya private schools gear up for connected classroomsKenya’s private schools, in conjunction with technology companies Microsoft, Intel, Safaricom and Mitsumi, have partnered to take affordable gadgets and learning solutions to all private schools across the country. Read More
Huawei Technologies Zambia gives K263, 000 to charitable organisationsMore effective corporate social responsibility programmes are needed to help struggling communities in Zambia, according to Huawei Technology Zambia. Read More
Cisco unveils top 6 global tech trendsCisco has unveiled what it predicts will be the top six technology trends in the foreseeable future. Read More
Frost & Sullivan lauds ZTE Green Power solutionsFrost & Sullivan has recognised ZTE Corporation with the 2013 Africa Frost & Sullivan Award for Technology Leadership, for its power solutions addressing many of the challenges facing the African continent. Read More
Choosing the best printer for your business needsHeinrich Pretorius, OKI Product Specialist at DCC, advises on choosing an office printer. Read More
MasterCard enters seven new markets in AfricaMasterCard today announced its expansion into seven new markets across Central and West Africa, increasing its acceptance footprint across the continent and securing a number of strategic agreements. Read More
Cloudy with a chance of dataThe cloud has shifted from a vague concept to a much needed solution that’s influencing the evolution of the business, says Andrew Oldfield, Director Emerging Markets, Panduit. Read More
FEATURED STORYMACRA demystifies spectrum management
Malawi's regulator explains the issues around spectrum allocation. Gregory Gondwe reports.
BEST READ NEWS
IN DEPTHYouthConnekt launches Mobile Apps for Human Development Challenge in Rwanda
Rwanda’s Ministry of Youth and ICT and the UNDP, in close collaboration with Motorola Solutions, will power a Mobile App Challenge that will be implemented by YouthConnekt.