Regulators want reforms to make NSE attractive

Nairobi Stock Exchange (NSE) Chief Executive Geoffrey Odundo makes his remarks during a media briefing on the NSE Quarterly Barometer overview report of the stock market on April 26, 2022.  PHOTO | FRANCIS NDERITU | NMG

Kenya’s capital market regulators are pushing for policy and legislative reforms to break the dominance of big firms at the Nairobi Securities Exchange (NSE).

The bourse is largely controlled by five listed firms, with foreign investors controlling close to 60 percent of the activities.