By CONSTANT MUNDAMore by this AuthorSome 13 largely family-owned firms are seeking to sell shares to the public, the Nairobi Securities Exchange (NSE) said on Monday, offering hope of ending a prolonged listing drought. The small- and medium-sized firms will be taken through a 10-month programme, which will see them access consultants and financial advisors to help them prepare for future listing. The NSE on Monday launched an incubation and acceleration board for such firms, dubbed Ibuka –Swahili for emerging – saying another 10 companies have shown interest in joining the programme. The incubation and acceleration board targets SMEs with the potential for high growth in the near to medium term. Some of the firms which have publicly declared interest to list on the bourse include Kenya’s largest retail by market share Tuskys, investment manager Cytonn and Vehicle and Equipment Leasing Ltd.

Source: Daily Nation December 17, 2018 18:33 UTC