NSE partners with Chamber of Commerce to spur SME listings
The Nairobi Securities Exchange (NSE) has partnered with the Kenya National Chamber of Commerce to boost listings on the bourse.
Through the partnership, the NSE and the chamber of commerce will provide investment and listing advice to small and medium sized companies in an effort of getting them to list.
This is part of the exchange’s plan to get more firms listed to boost market vibrancy.
The NSE launched the growth enterprise market segment in 2013, which offers SMES an eased avenue to have their companies listed on the exchange.
Speaking during the signing of the partnership, NSE Chief Executive Officer Geoffrey Odundo said listing would offer the SMES an avenue to unlock shareholder value as well as access capital from new shareholders.
“The signing of the MoU is in line with NSE 2015 -2019 Strategic Plan which strives to promote financial inclusion, boost liquidity and enhance continuous product innovation. The NSE believes that KNCCI’s experience and vast network throughout the country will provide the Exchange with a greater opportunity to educate county governments, civil servants and local investors further deepening our Capital Markets,” Mr Odundo said.
SMEs have been slow to list on the Nairobi Securities Exchange even after the introduction of the GEMS market which has lower listing charges and easier approval steps.
Reporting by Grace Kabura
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