Stock investors to pay CDSC Sh1.8bn annually for upkeep

Nairobi Securities Exchange (NSE) logo on the trading floor. 

Photo credit: File photo | Nation Media Group

Investors at the Nairobi bourse have been hit with a new Sh100 monthly charge on stock market accounts that could see the Central Depository and Settlement Corporation (CDSC) collect nearly Sh1.8 billion a year.

The new charge, to be introduced in July, will add to the cost of investing on the Nairobi Securities Exchange (NSE) where trades can attract charges of up to two percent of the transaction value.

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