NSE targets 40 IPOs, but past trend casts long shadow

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Nairobi Securities Exchange (NSE) on the trading floor of the Exchange building. 

Photo credit: File | Nation Media Group

The Nairobi Securities Exchange (NSE) has set an ambitious target of netting an additional nine million local retail customers and list 40 new companies over the next five years as part of a strategy to rejuvenate activity on the bourse.

In its 2025-2029 strategy, the NSE says it wants to shore up local investor participation, which has dwindled over the past decade, leaving the market vulnerable to foreign investors who are quicker to react to political uncertainty, and end the long listing drought.

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