Venture fund Africa Eats to list exchange-traded fund on NSE

Screen showing market trends at Nairobi Securities Exchange. 

Photo credit: File | Nation Media Group

Africa Eats, a venture capital (VC) firm financing African companies in the agriculture value chain, is set to list an exchange-traded fund (ETF) on the Nairobi Securities Exchange in a quest to raise funding from local investors.

The VC fund, which is listed in Mauritius, says it is waiting for the approval of the Capital Markets Authority (CMA) before bringing the ETF to market and will comprise the investment vehicle and its portfolio companies.

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