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SMEs to access capital through stock market
NSE chief executive Geoffrey Odundo (left) with his CMA counterpart Wycliffe Shamiah during the SecondStax Portal launch on November 4, 2022. PHOTO | DIANA NGILA | NMG
Small firms listing on the Nairobi Securities Exchange (NSE) Growth and Enterprise Markets segment will finally be able to raise funds through the capital markets under updated listing rules by the sector regulator that will see the creation of two new segments tailored specifically for SMEs.
The CMA said in its quarter three market soundness report that the changes proposed through the draft Capital Markets (Securities) (Public Offers Listing and Disclosures) Regulations, coupled with the recently gazetted Investment Based Crowdfunding regulations, will open a new avenue for capital raising for SMEs that have traditionally struggled to access debt from banks.
