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Nairobi Securities Exchange expects four new company listings in 2021 - CEO


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NAIROBI, Feb 16 (Reuters) - The Nairobi Securities Exchange expects new listings to pick up this year, with four new companies expected to list, plus a cross-listing from another market, its chief executive officer said on Tuesday.
The exchange serves as an entry point for foreign investors looking for exposure to East Africa’s fast-growing economies, and is among the continent’s fifth biggest by market capitalisation alongside South Africa, Egypt, Nigeria and Morocco’s bourses.
The exchange is also among the top three constituents of the MSCI’s Frontier Markets Index.
Chief Executive Officer Geoffrey Odundo said the exchange expects to list two companies from Ibuka, its incubator platform that prepares young firms for listing. ....

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