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NSE graduates first firm from growth segment
Securities trader Mbuthia Irungu at Nairobi Securities Exchange (NSE) trading floor at the Exchange building in Nairobi on August 26, 2020. PHOTO | SALATON NJAU | NMG
Nairobi Business Ventures (NBV) is set to become the first company at the Nairobi bourse to graduate from the Growth and Enterprise market Segment (GEMS) to the main investment segment following improved capitalisation and shareholder numbers after its reverse takeover by Delta International FZE last year.
NBV shareholders approved the change of listing, which is subject to regulatory approval, at their annual general meeting held virtually Thursday.
