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CMA dangles incentives to push for more listings at city bourse

Barclays Bank CEO Jeremy Awori (right) with Nairobi Securities Exchange CEO Geoffrey Odundo Nairobi Securities Exchange (NSE) Charity Trading Day in Nairobi on November 10 2017. (David Njaaga, Standard)

If there are nostalgic moments that Nairobi Securities Exchange (NSE) would want to re-live, its Chief Executive Officer Geoffrey Odundo says would be the entry of attractive firms such as Kenya Electricity Generating Company (KenGen) and Safaricom.

These can hugely boost the bourse. KenGen‘s initial public offering (IPO) in 2006 opened a floodgate of retail investors when it offered 658.9 million ordinary shares at Sh11.90 each.

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