The Nairobi Stock Exchange (NSE) will in a few months start electronic stock trading - which is expected to triple the volume of share traded at the exchange daily. Also the current allowed price spread of 10% will be increased to 20%.
NSE Chairman Jimnah Mbaru has over the years made several speeches advocating for the NSE to forge trade partnerships with the Johannesburg Stock Exchange (JSE)including having Kenyan companies’ cross-list on their board. Kenyan companies that can consider cross listing include East African Breweries, which was ranked the 76th largest in Africa, and possibly Kengen.
The JSE which recently went public saw the volume of trading and liquidity increase many times over when it began electronic trading a few years ago.
