South African-based El Escrow Research and Analytics Limited
(ERA) has unveiled a unique local research unit that will package and sell
Kenya’s historical economic data.
Erafinancials.com will offer policymakers, managers, securities
and economic analysts access to a structured historical database of all listed
companies in the Nairobi Securities Exchange (NSE) and key indicators such as
inflation trends, share prices, treasury bill rates among other compiled datasets
from a decade ago.
According to the Erafinancials website, the platform combines modern mathematical financial techniques,
advanced technology and applies time series techniques to manage data trend
analysis, regression and correlation leading to forecasting of various
indicators and variables.
The service will benefit investors who currently suffer from
the scanty data available locally and have to rely on the likes of Bloomberg and
Reuters for their vast datasets on various global companies.
It took the firm 18 months and expenditure of up to Sh20
million to compile the database, which can be accessed from as lows as $5 (Sh420),
for a one-off viewing up to an annual charge of $500 (Sh42,000) for the entire
product.
El Escrow also plans to expand to neighboring Uganda and Tanzania.
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