New rules to curb malpractices on the Nairobi bourse
Traders on the floor of the Nairobi Securities Exchange. PHOTO | FILE
Kenya has introduced new rules to ensure proper running of its stockmarket, which has in the recent past suffered loss of investor confidence due to poor corporate governance.
Under the new regulations published in the Kenya Gazette dated May 13, the joint shareholding of stockbrokers on the Nairobi Securities Exchange will not be allowed to exceed 40 per cent while individuals and private companies will not own more than 5 per cent stake in the bourse.
