Concern continues to grow over Nairobi Stock Exchange as its listing drought persists. Despite several regulatory reforms and introduction of innovative products, companies have shunned the market, preferring to raise money elsewhere.
Instead of attracting new Initial Public Offerings (IPOs), the trend seems to be that listed firms are losing faith in the Exchange's ability to attract them the funds they need to drive their growth, if the recent delisting of firms such as Hitchings Biemer, Rea Vipingo, and TransCentury are anything to go by.
