stock market
stock market

Kenyan and Chinese bourses on Tuesday launched a capital markets initiative forum to help connect investor community and companies from both countries.

The China-Kenya Initiative forum was launched by Shenzhen Stock Exchange and the Nairobi Securities Exchange to allow for a capital formation platform on a larger scale.

“The initiative is aimed at helping companies in the two countries find visibility for rapid trading,” Geoffrey Odundo, chief executive officer of NSE said during the launch in Nairobi.

He said that Kenyan companies will benefit from Shenzhen Stock Exchange that has been trading for many years. “The launch is critical to the development, growth and sustainability of our economy since it enhances competitiveness,” Odundo said.

Xie Wenhai, Deputy Director General of Technology Management Committee of Shenzhen Stock Exchange, said “we hope to exchange personnel and ideas on information technology and multi-tier system in security exchange.”

He said that the initiative will help the two authorities build a financial ecosystem that will provide small and medium enterprises (SMEs) with quality services.

“We believe that a connected ecosystem of investors, business experts and mentors can create business leverage for high tech start-ups and SMEs,” said Xie.

Paul Muthaura, chief executive officer of Capital Markets Authority told the Chinese delegation that Kenya is open to building connections with people and organizations that support businesses.

“Partnerships such as this one are capable of developing and transforming private sector hence enabling Kenya to remain a critical player in eastern, central and southern Africa regions,” Muthaura said. Enditem

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