Kenya asks Ethiopian firms to list on the NSE in funds search

Addis Ababa, Ethiopia – Kenya has opened the doors for Ethiopian companies to trade on the Nairobi bourse in what is seen as a move to encourage Addis Ababa to loosen its protectionist economic policies.

Speaking at a business forum in Addis Ababa yesterday, President Uhuru Kenyatta said his government was open to negotiations that would establish a framework for firms in the neighbouring nation to step into the Nairobi Securities Exchange.

“I can disclose that Kenya stands ready to begin consultations for the regulations and guidelines that would allow Ethiopian companies to raise investment capital and trade at our Nairobi Securities Exchange,” said Mr Kenyatta.

Read more at: Daily Nation