Kenya's Capital Markets Authority says to review listing requirements

Nairobi securities Exchange (NSE) trading floor (PHOTO: FILE)

NAIROBI, KENYA: Capital Markets Authority is reviewing eligibility requirements for firms that wish to list on the bourse to remove unnecessary barriers and attract new listings, the regulator’s chief executive said on Tuesday.

Although there are more than 60 companies on the Nairobi Securities Exchange, which has a total market capitalisation of 2.8 trillion Kenyan shillings ($27.90 billion), the bourse has struggled to attract new listings and daily trading is dominated by a handful of large firms.