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Shoe vendor K-Shoe goes live on NSE

Tuesday, June 21, 2016 — updated on December 26, 2020 - 2 min read

Nairobi Securities Exchange (NSE) chief executive Geoffrey Odundo (L), Vasu Abotula, the chief executive of Nairobi Business Ventures (NBV) and the firm's managing director Raj Srungarapu (R) speak to the media after the bell ringing ceremony to mark the commencement of trading of NBV shares at the Growth and Enterprises Market Segment of the NSE on June 21, 2016. PHOTO | DIANA NGILA

Shoe vendor Nairobi Business Ventures trading as K Shoe today became the first firm in almost two years to list on the Growth Enterprise Market Segment (Gems) of the bourse.

The local shoe and leather accessories retail chain joins HomeAfrica, Kurwitu Ventures, Flame Tree Group and Atlas Development in the small and medium market segment. The Gems section was expected to attract a higher number of companies to the market but has only attracted five firms since launched in 2013.