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How cross-border securities trading will boost market liquidity
SecondStax CEO Eugene Tawiah (left), Kestrel Capital Executive Director Francis Mwangi (centre) and NSE chief executive Geoffrey Odundo during the launch of SecondStax portal on November 4, 2023. PHOTO | DIANA NGILA | NMG
A Ghanaian fintech start-up, SecondSTAX, has launched in Kenya to facilitate cross-border trading of securities in Africa. The private platform linked Nairobi Securities Exchange (NSE) and Ghana Securities Exchange (GSE) is seeking to a connect other African markets as well.
NSE chief executive officer Geoffrey Odundo said the integration will boost liquidity at the NSE, and support access to capital and investment flows in the African market.