Nairobi Securities Exchange Plc (NSE)

14 Aug

Kenya’s NSE Gains Confidence with Co-operative Bank’s Addition to MSCI Frontier Markets Index

Reporter0 CommentsBusinessNairobi Securities Exchange Plc (NSE)

The Nairobi Securities Exchange (NSE) has marked a significant milestone with the inclusion of the Co-operative Bank of Kenya in the MSCI Frontier Markets Index, as announced on August 14, 2024. This development follows the MSCI's August 2024 review, bringing the total number of Kenyan companies listed on the MSCI Frontier Markets Index to five. The other companies include Safaricom PLC, Equity Group Holdings, KCB Group PLC, and East Africa Breweries PLC. In addition to this achievement, the MSCI has also added four Kenyan companies to the MSCI Frontier Markets Small Cap Index. These companies are British American Tobacco Kenya,…

10 Jul

ILAM Fahari I-REIT to Trade on NSE’s Unquoted Securities Platform

admin0 CommentsBusinessILAM fahari, ILAM Fahari I-REIT, Nairobi Securities Exchange Plc (NSE), Unquoted Securities Platform (USP)

ILAM Fahari Real Estate Investment Trust has today been admitted to the Unquoted Securities Platform (USP) of the Nairobi Securities Exchange Plc (NSE) following a comprehensive restructuring of the REIT. In February, ILAM received regulatory approval from the Capital Markets Authority (CMA) to delist the REIT from the Main Investment Market Segment (MIMS) of the NSE. This restructuring process involved converting from an unrestricted to a restricted I-REIT. Delisting from MIMS and trading over the counter on the USP will provide greater flexibility in managing the REIT's portfolio and will not affect the unitholders' ability to trade their units, with…