The Nairobi Security Exchange (NSE) on Wednesday admitted Myspace Properties under the Ibuka Programme.
Ibuka is an incubation and acceleration program designed by NSE in 2016 for aspirational companies with growth prospects.
Other companies that have been previously admitted to the program are APT Commodities Limited, Globetrotter Agency Limited, Moad Capital Limited.
Nairobi Securities Exchange Chief Executive Geoffrey Odundo said the Ibuka program will boost the growth and accelerate the expansion of Myspace properties into a regional real estate company in Kenya enabling it to take advantage of the growing property market.
“I am delighted that we have admitted the first property company onto the Ibuka Program. This is a good opportunity for the organisation, and it is yet to open more doors placing Myspace properties limited in a good place,” George said.
Chief Executive Officer, Myspace Properties (Kenya) Limited, Mwenda Thuranira said the Ibuka program would boost business to its next phase of growth.
The programme seeks to enable select Kenyan companies to fast-track their developments by accessing financial advisors and consultants to help them structure their businesses, enhance visibility and get exposure among local and international investors.
NSE is banking on its new incubation programme to raise the number of companies listed on the stock market.