Nairobi Stock Exchange Ltd. could list in the coming weeks after it got regulatory approval, signalling possible conclusion of a long-winding and often acrimonious process. Capital Markets Authority has approved the NSE demutualization or conversion from a firm that is owned by members to a publicly-owned company and the self-listing of its shares. Paul Muthaura, Chief Executive Officer of Capital Markets Authority said, "The Board of the Authority approved the demutualization of the Nairobi Securities Exchange in line with the demutualization Regulations at its board meeting on June 26, 2014".
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5.96 KES | -0.67% | -0.67% | -1.00% |
Jan. 29 | Nairobi Securities Exchange chief sees potential boost from global capital reallocation | RE |
2023 | Kenya to sell 35 state companies as Africa seeks to jumpstart IPOs | RE |
1st Jan change | Capi. | |
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+11.69% | 21.7B | |
+29.33% | 12.54B | |
+40.90% | 8.44B | |
+0.97% | 7.96B | |
-1.44% | 2.96B | |
+27.08% | 2.55B | |
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+77.47% | 1.28B |
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