Egypt's stocks close in red on Monday as benchmark EGX 30 dips 0.07%    Egypt's stocks start week higher, benchmark EGX 30 gains 0.48%    Fitch affirms Egypt's long-term foreign currency issuer default rating at B+    The unvaccinated prohibited from entry to Egypt state institutions starting December 1    Russia to lift COVID restrictions on flights to Egypt's Red Sea resorts on Nov. 9    Egypt, Greece ink deal for first subsea power link between Europe and Africa    Egypt hosts regional conference of EU refugee agency EASO    SCOHRE sparks discussion on harm reduction, tobacco control    Egypt to receive first of six high-trains from Spain's Talgo in mid-November    Egypt's iron and steel exports jump 197% in 8 months    Ethiopia halts work at its embassy in Egypt for 'economic reasons'    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Over 100 officials resign from Tunisia's main Islamist party    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egyptian court bans use of mosques for political purposes    Brazil calls up 8 EPL players for World Cup qualifying    Refugees in fear as sentiment turns against them in Turkey    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Sisi calls on House, Senate to commence second legislative sessions on 3, 5 October    Huawei Technologies has invested $10 mln over 5 years in innovation centres in Egypt    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    Qa'a play showing at Lycee El Horreya Theatre, Alexandria is a must go    Orange Egypt Introduces Amazon Prime Video    Tokyo Olympics: Cautious opening ceremony, shy start for Egyptians in competitions    Mallawi Museum in Upper Egypt holds recycling workshop for children during Eid Al-Adha    Egypt keen on stable tax policies to attract more investors: Finance Minister    Sudan declares state of emergency as water goes beyond Merowe Dam capacity    Niagara Falls illuminated in Egyptian flag to mark 23 July Revolution anniversary    Capital flows into EM keep recovering after March 2020 slump: Central Bank of Egypt    1 child orphaned every 12 seconds due to COVID-19-associated death: World Bank    Egypt, Japanese Olympic Committee discuss boosting sports cooperation    US emphasises AU's role in mediating Ethiopian damdispute    Ethiopia ready to resume dam talks with no legally binding agreements: Ethiopian official    Sunken city of Thônis-Heracleion in Egypt's Abu Qir bay yields new archaeological treasures    New films, concerts, and destinations for Eid Al-Adha holidays    Egypt, Oman discuss enhancing bilateral economic, investment relations    Al Ahly v Kaizer Chiefs: Cairo giants eye 10th CAF Champions League title    Tunisia hopes to have a UN role in resolving Egypt-Ethiopia dam dispute    APO Group enters new exclusive agreement with Getty Images on African press releases and images    On International Museum Day, Egypt opens two new museums at Cairo Airport    Old Cairo's Al-Fustat will be revamped on Egyptian President's directives    







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EFG Hermes launches new online trading platform in Kenya
Published in Amwal Al Ghad on 05 - 07 - 2021

EFG Hermes Kenya, part of Egyptian investment bank EFG Hermes Group, has launched on Monday its online equity-trading platform, EFG Hermes One, to offer retail investors seamless and convenient stock trading on the Nairobi Securities Exchange (NSE).
The online trading platform has been launched during an event co-hosted by EFG Hermes Kenya and the NSE in the presence of Muathi Kilonzo, head of equities at EFG Hermes Kenya, and Geoffrey Odundo, the NSE chief executive.
Ali Khalpey, EFG Hermes Frontier chief executive
"With capital market trends demonstrating ever-increasing interest from retail investors across the world, we aim to increase access and awareness to capital markets to foster better equity trading across sub-Saharan Africa." Ali Khalpey, EFG Hermes Frontier chief executive, said in a statement.
"Our expansion into the retail space is part of our commitment to growing our services in the African continent," Khalpey added.
EFG Hermes Kenya seeks to capitalise on Kenya's high mobile phone penetration rate by leveraging digital channels to deliver efficient, convenient, and comprehensive services able to meet investors' needs.
The EFG Hermes One application is available for download on the Apple App Store and Google Play Store. It offers a quick and efficient onboarding process, enabling users to download the application and sign up to create an account by entering their personal information. Similarly, the application boasts a user-friendly and easy-to-navigate interface that enables users to trade through their desktops, tablets, and mobile phones.
Joan Kabiru, associate director for Brokerage Operations at EFG Hermes Kenya.
"We are glad to be part of the digital transformation at the Nairobi Securities Exchange (NSE), who have supported us during our journey after we launched our services in Kenya." – Joan Kabiru, Associate Director for Brokerage Operations at EFG Hermes Kenya, said.



Meanwhile, Geoffrey Odundo, NSE chief executive, said: "The launch of the application comes on the heels of the NSE's introduction of day trading for retail investors, allowing them to buy and sell stocks as well as settle trades in a single day.
Geoffrey Odundo, chief executive of the Nairobi Securities Exchange (NSE)
"The move is an integral part of our desire to open up the market to further retail participation, see more equities listed on the NSE and grow the value of our equity markets to 50% of Kenya's GDP. We are thrilled to be working together with EFG Hermes Kenya as we turn over a new page in the growth story of the Kenyan market," Odundo added.
Besides executing trades, EFG Hermes One users can access real-time stock quotes; place, track, review, edit, and cancel open orders.
In addition, the application enables users to build, monitor, and customise equity watch lists for individual stocks, stock portfolios, and their investment portfolios in real-time. It also features several portfolio management tools that enhance the overall user experience and facilitate online trading.
Muathi Kilonzo, Head of Equities at EFG Hermes Kenya
Muathi Kilonzo, Head of Equities at EFG Hermes Kenya, said: "Increasing our service offering to retail clients will see a climb in trading volumes which will result in improved liquidity and more listings, allowing the Kenyan market to continue to grow and create more opportunities for both retail and institutional investors".



In the first quarter of 2021, EFG Hermes Kenya was ranked first by value traded on the Nairobi Securities Exchange, building on its success in 2020, when it achieved a first-place ranking on the exchange for the year.


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