Kenya to host bourses meet next month
Nairobi Securities Exchange employee Jackson Kiminje checks the stock trading at the Exchange head offices in Westlands on October 1, 2014. Kenya is set to host the 18th African Securities Exchange Association conference in November 2014 as it positions itself as having one of Africa’s most vibrant securities exchanges. FILE PHOTO | EVANS HABIL | NATION MEDIA GROUP
What you need to know:
- The association, formed in 1993, aims at developing member exchanges through provision of a platform over which exchange of information is carried out.
- This is the third time that the Asea conference is being held in the country.
Kenya is set to host the 18th African Securities Exchange Association conference in November 2014 as it positions itself as having one of Africa’s most vibrant securities exchanges.
The association, formed in 1993, aims at developing member exchanges through provision of a platform over which exchange of information is carried out.
The meeting — scheduled for November 23-25 — will be hosted by the Nairobi Securities Exchange (NSE), which was recently sold to the public.
“There has been a lot of talk about Africa rising, which is true, but we want to explore how African exchanges can strengthen the ecosystem to enable economies manage this growth,” said NSE chairman Edward Njoroge in a statement on Monday.
NSE’s self-listing saw the Nairobi bourse join the Johannesburg Stock Exchange as the second exchange in Africa to successfully go through the process.
This is the third time that the Asea conference is being held in the country.
It anticipates a large attendance from investors, fund managers, intermediaries and governments.
“In this light, we shall be exploring some of the products available through African exchanges like real estate investment trusts for the real estate sector and exchange trade funds which help businesses hedge against risk, which is a big part of business,” said Mr Njoroge.
Kenya will be closely watched after the Nairobi Securities Exchange posted a 663.7 per cent over-subscription in its initial public offer earlier this month.
