The Nairobi Securities Exchange (NSE) is pushing for listing of the savings and credit cooperatives (saccos) on the stockmarket to boost trading activity and unlock millions of dollars of share capital forfeited by former sacco members on the grounds that they are non-refundable and can only be transferred to an existing member.
Bourse officials say discussions are ongoing with key stakeholders, including government policy makers, regulators, sacco leadership and members to start trading sacco shares on the stockmarket.
