Incubation will help firms avoid failure, says NSE

NSE chief executive Geoffrey Odundo. FILE PHOTO | NMG

The Nairobi Securities Exchange (NSE) says its new incubation programme for preparing companies wishing to list or raise funds on the bourse will help minimise company failures and spare investors losses.

Chief executive Geoffrey Odundo said the Ibuka (Swahili for emerging) incubation and acceleration programme will help build strong structures for promising companies, so that they list on the market when already stable.

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