NSE bets on secondary listings to boost bourse activity amid IPO drought

Nairobi Securities Exchange.

The trading floor at the Nairobi Securities Exchange. PHOTO | NMG

The Nairobi Securities Exchange (NSE) is betting on cross-listings to boost activity on the stockmarket, which is going through a decade-long Initial Public Offering (IPO) drought.

The self-listed exchange says in its latest annual report (2023) that it plans to offer international investors leeway to tap into the region’s vibrant economy and burgeoning sectors such as technology, finance and consumer goods through cross-listing regional companies.