Bell goes off for first gold trading at Nairobi Securities Exchange

Barclays Bank of Kenya M.D Jeremy Awori (left) Dr. Kamau Thugge (centre) Principal Secretary National Treasury & Nairobi Securities Exchange CEO Geoffrey Odundo (right) Barclays Bank launched first exchange traded fund in Kenyan market,it will trade in the same manner as a normal equity security & will be subject to similar tax treatment & will be Kenya Shilling dominated. PHOTO:WILBERFORCE OKWIRI

You can now trade in gold at the Nairobi Securities Exchange (NSE).

This has been made possible by the launch of the world’s seventh largest Exchange Traded Fund (ETF) — a marketable security that tracks an index, a commodity, bonds, or a basket of assets such as an index fund - valued at Sh144 billion ($1.4 billion) .