Nairobi Securities Exchange Chairman Kiprono Kittony (L) confers NSE Chief Executive Officer Geoffrey Odundo during the launch of the ESG Report 2021 by Kakuzi Limited at the NSE in Nairobi, Kenya on December 20, 2022. PHOTO | FRANCIS NDERITU | NMG
The Nairobi Securities Exchange (NSE) is facing dimming prospects of small and medium-sized enterprises (SMEs) listing on the bourse after the struggling Kurwitu Ventures applied for delisting, just four years after another firm, Atlas Development Services, collapsed and was delisted by the regulator.
The NSE launched the Growth Enterprise Market Segment (Gems) for SMEs about 10 years ago to allow smaller companies list shares for visibility and price discovery.
