Kenya’s bid to have small and medium-sized enterprises raise fresh capital through the Nairobi Securities Exchange faces new hurdles over diminishing investor interest, declining stock prices, the poor performance of existing listed firms and the Covid-19 pandemic.
The EastAfrican has learnt that the NSE has not attracted a single company in close to a decade and is also struggling to attract companies to its incubation programme, which is designed to prepare potential issuers to raise capital through the exchange.
