Nairobi Stock Exchange Ltd. (NSE) might go to a public sale in the first quarter of 2013. Peter Mwangi, NSE Chief Executive said that the planned listing of the exchange shares will be faster as soon the approvals are received from the Capital Markets Authority. Mwangi said, "Our long term objective is to position Nairobi as the financial hub of the region and the NSE is one of the key markets to drive this agenda." NSE will list in the alternative investment market when the planned demutualization is complete.