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NameNairobi Securities Exchange (NSE)
CountryKenya
Number of listed companies62
Domestic market capitalization22,916 million US$
SSE Partner ExchangeYes
Has annual sustainability reportYes
ESG reporting required as a listing ruleYes
  • In its ESG Guidance, published in 2021, NSE requires ESG reporting for listed companies. More information here.
Has written guidance on ESG reportingYes

Offers ESG related trainingYes
Nairobi Securities Exchange co-hosted TCFD training in March 2023, in collaboration with the SSE, IFC and CDP. (source)

In 2023, NSE held several times courses on ESG-related topics (ESG Masterclass), see the 2023 Training Calendar

Market covered by sustainability-related indexNo
Has sustainability bond listing segmentNo
Has SME listing platformYes

Women on boards mandatory minimum ruleNo
Additional information
  • Part of the UN Global Compact.
  • Signed the Code of Ethics for Business in Kenya.
  • Promotes the Fire Award, a prestigious award in East Africa for businesses that prioritize integrated ESG reporting in financial reports.
  • Participated in Ring the Bell for Gender Equality in 2016.

Organizational model of stock exchange
  • Public listed company. Demutualised. June 2014.

Regulatory bodies

Regulatory model
  • The NSE is subject to regulation by the CMA. However, from September 2016, the Exchange will become a Limited Self-Regulatory Organisation.

About the stock exchangeLocation: Nairobi, Kenya.

The Nairobi Securities Exchange (NSE) is a leading African Exchange, based in Kenya one of the fastest-growing economies in Sub-Saharan Africa. Founded in 1954, NSE has a six decade heritage in listing equity and debt securities. It offers a world class trading facility for local and international investors looking to gain exposure to Kenya and Africas economic growth.

NSE demutualized and self-listed in 2014. Its Board and management team are comprised of some of Africas leading capital markets professionals, who are focused on innovation, diversification and operational excellence in the Exchange.

NSE is playing a vital role in the growth of Kenyas economy by encouraging savings and investment, as well as helping local and international companies access cost-effective capital. NSE operates under the jurisdiction of the Capital Markets Authority of Kenya. It is a full member of the World Federation of Exchange, a founder member of the African Securities Exchanges Association (ASEA) and the East African Securities Exchanges Association (EASEA). The NSE is a member of the Association of Futures Market and is a partner exchange in the United Nations-led SSE initiative. Source