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President Ruto pledges to end six-year IPO drought with 10 listings
President William Ruto at a panel discussion during the launch of the Nairobi Securities Exchange (NSE) Marketplace on October 11, 2022. PHOTO | DIANA NGILA | NMG
The government has promised to privatise ten companies in the next year through the stock market to end the six-year listing drought at the Nairobi bourse.
President William Ruto said the government plans to bring six to ten companies to the market through initial public offerings (IPOs), urging the private sector to also list at least five firms at the Nairobi Securities Exchange (NSE).
