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NSE welcomes pro-investor budget measures
NSE chief executive officer Geoffrey Odundo. The NSE has applauded three of the measures in The 2015/16 budget. PHOTO | DIANA NGILA |
Nairobi Securities Exchange (NSE) officials have applauded three of the measures proposed in Treasury secretary Henry Rotich’s budget statement Thursday.
These are the exemption of shares from Capital Gains Tax (CGT); the plans to introduce mobile-based bond purchases; and the exemption from stamp duty of asset transfers into Real Estate Investment Trusts (REITS) and Asset-Backed Securities.
