More firms seek listing on the bourse
What you need to know:
- Presently, only Home Afrika Ltd is listed on the segment.
- One more company could be listed by the end of the year.
The Growth and Enterprise Market Segment (Gems) at the Nairobi Securities Exchange (NSE) could see an increase in activities judging by the number of mid-sized companies seeking to be listed is anything to go by.
At least one company is making inquiries every week with the intention to start trading on the segment.
NSE manager in charge of product development Terrence Adembesa and senior officer corporate (finance) Lina Ng’inja said there was a growing need by mid-sized companies to be listed on Gems.
They said some of the benefits listed companies enjoy include easy access to capital and foreign investors.
The NSE officials told the Nation on the sidelines of the launch of the Top 100 mid–sized companies at Cathy hotel in Nakuru at the weekend: “On average we see one or two company officials making inquiries on how they could be listed on Gems,” Mr Adembesa said.
Presently, only Home Afrika Ltd is listed on the segment. One more company could be listed by the end of the year.
Mr Adembesa said NSE had continuously reviewed its regulations to attract more players and urged mid-sized companies seeking more visibility of their products and confidence, to start early preparations by cleaning their accounts.
