Private investors are pouncing on Nairobi Securities Exchange (NSE)-listed firms and then removing them from the bourse, dealing a blow to President William Ruto administration’s plan to increase the number of listed firms at the Nairobi bourse.
Bamburi Cement, one of NSE’s iconic blue-chip firms, is the latest target of private investors and will be delisted if Tanzania-based conglomerate Amsons Group’s Sh23.59 billion bid sails through.
