KAM, NSE partner to promote the listing of local companies on the stock exchange

Manufacturers have been encouraged to trade on the stock market to stimulate liquidity for their businesses.

Through a campaign dubbed Ring it for Manufacturing,  KAM in partnership with Nairobi Securities Exchange (NSE)  will provide a platform for manufacturers to engage,  in order to increase the number of local entities listed in the stock exchange as well as increase the participation of manufacturers in stock market trading.

Speaking at the MOU signing ceremony NSE CEO Geoffrey Odundo noted that manufacturers can build their capital base through trading and engaging in stock markets. ‘This partnership will play a big role in post-COVID economic recovery by providing companies in manufacturing with opportunities to diversify their funding mix,’ Mr Odundo highlighted.

Also at the Event, KAM CEO Ms Phyllis Wakiaga, ‘This Campaign will enhance the visibility of the sector. Listing in the stock exchange stimulates liquidity and provides an opportunity for shareholders to trade and invest, which increases the organizational value.’

The Campaign that is set to run for one year will see NSE providing capacity-building forums to KAM members to encourage more companies to list on the stock exchange and enhance trading to provide more capital to stimulate business growth.