
The Nairobi Securities Exchange (NSE) has unveiled its strategic plan for 2025 – 2029, which intends to revitalize the market with the objective of bringing back retail investors.
Speaking during the launch, NSE Chief Executive Officer, Frank Mwita, noted that the strategic objective for the period aims on revitalize the market by strengthening both institutional and retail investors.
Mwita disclosed that in the next five-years, NSE intends to bring on board at least 40 new listing. He said NSE will also introduce new products to encourage many investors, especially the youth to invest at the bourse.
He said NSE would introduce Sharia compliant products, which appeals to many investors just like Sukuk bond that was used to raise funds at the bourse last year. Sukuk, also known as Islamic bonds, are financial instruments that are structured in accordance with Islamic law.
He said during the next five years NSE intends to invigorate the market and recruit about nine million retail investors into the bourse. On new listing, he said the NSE is working with the National Treasury to ensure that the Initial Public Offering (IPO), which could have been listed, are done this year.
“National Treasury is working round the clock to unlock the matter which had been taken to court last year,” he said. He said NSE would rebrand this year and move out of its current place where it is easy to access.
He said listing allow enable the companies e to raise capital while strengthening its structure and reputation. Listing a company involves placing shares on an official stock exchange.
Selling shares to raise capital is referred to as IPO, the amount being raised from the issue is known in advance and when no capital is being sought in the market it is referred to as a Listing by Introduction, which we will delve into as we conclude.