NSE launches banking index as NSE 20 and NSE 25 edge lower
The NSE on April 29 launched a banking sector index and admitted Fintrust Securities as an Authorized Securities Dealer in fixed income, according to exchange statements. The NSE 20 closed down 0.1703% at 3,563.42 and the NSE 25 fell 0.2765% to 5,699.41 on April 29. Co-op Bank Kenya said on April 27 it is splitting into a holding company and eyes East Africa, according to News Ghana, while Kigali Today reported on April 2 that Nedbank visited Rwanda to advance the NCBA Bank takeover. In financials, Business Today Kenya reported on April 15 and April 20 that Absa Bank Kenya struck 2 separate partnerships with TransAfrica and World Navi, while TechTrendsKE said on March 30 that digital loans drove NCBA's 2025 results.
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