By BRIAN NGUGIMore by this AuthorThe Ministry of Energy and Petroleum is seeking to tap London cash for Kenyan power projects. The ministry has signed a Memorandum of Understanding with the London Stock Exchange (LSE) to promote dual-listings of energy companies in Nairobi and London. The memorandum was signed by Energy secretary Charles Keter and London Stock Exchange Group (LSE owner) chief executive officer Nikhil Rathi. The MoU also lays out their plans to assemble key stakeholders to establish an effective dual-listing framework for equity listings in London and Nairobi. The signing follows an event in Nairobi on May 11 to celebrate the launch of London Stock Exchange Group’s inaugural Companies to Inspire Africa report.

Source: Daily Nation May 28, 2017 17:48 UTC