The Nairobi Securities Exchange (NSE) and the Kenya National Chamber of Commerce and Industry (KNCCI) have entered a partnership that will facilitate the growth of small and medium-sized enterprises (SMEs) in Kenya and boost the country’s economy.
“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,” NSE chief executive Geoffrey Odundo said.
The two organizations will provide education on investment and listing to SMEs with a view of getting them to list on the Nairobi bourse.
This is part of the NSE’s strategic plan to promote financial inclusion, boost liquidity and enhance continuous product innovation.
Listing will offer businesses access to capital flow from new shareholders among other benefits.
The bourse introduced the Growth Emerging Market Segment (GEMS) in 2013 to help SMEs raise finance through less stringent listing requirements but SME listing is still low.
The partnership will see the two bodies lobby the relevant authorities for law and policy change towards this end.
They will also participate in related events and activities by each other under the cooperation.