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Bourse launches new trading platform for bonds

BUSINESS
By Andrew makari watila | September 29th 2014

Nairobi; Kenya: Kenya's Nairobi Securities Exchange launched on Friday a new system for trading corporate and government bonds that will enable the trading of bonds issued in foreign currencies.

The 60-year-old exchange, which listed its own shares earlier this month, plans to use the funds raised from that sale to offer more products including trading of futures.

NSE is used as an entry point into east Africa by foreign investors seeking exposure to the fast-growing economies in the region. Several Kenyan firms are cross-listed on other bourses in the region. -Reuters
 

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