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Exchanges / Market Makers

Nairobi Stock Exchange (NSE)

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Nairobi Stock Exchange (NSE)

Mission statement:

“To provide a world class trading facility for wealth creation”

Vision:

“To be a leading securities exchange in the world”

History:

This market was started in the 1920’s by the British as an informal market for Europeans only. In 1954, the market was formalized through incorporation into a company.
In 1963, Africans were allowed to join and trade in the market.

For many years, the market operated through the telephone with a weekly meeting at the Stanley Hotel. In 1991, this market mover to IPS building and was opened to the public. In 1994, the market moved to its current location, on the 1st Floor of the Nation Centre, with the introduction of the Central Depository and Settlement Corporation (CDSC) investors will open share and bond accounts, in electronic accounts similar to their bank accounts.

Buying and selling of shares and bonds will be made much easier and quicker. All the benefits of shares and bonds will remain the same. For example, an investor will still be able to use a Share Account or Bond Account as a guarantor for a Co-operative loan or as collateral for a bank loan.

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