Kenyan Bourse Seeks to End Listing Drought as Sentiment Improves

The Nairobi Securities Exchange aims to secure its first stock listing since 2020 this year, helped by a rebound in shares after a two-year slide, which wiped more than 50% off the main index and discouraged companies from coming to market.

The bourse is targeting at least five trading debuts this year, including real estate investment trusts and exchange-traded funds as well as equity offerings, Frank Mwiti,the NSE’s newly appointed chief executive officer, said. The exchange is in talks with several potential issuers, including private equity funds and family-owned businesses.

It’s also hoping to generate fees by urging publicly ...