Tour firm set for NSE incubation ahead of listing - News Summed Up

Tour firm set for NSE incubation ahead of listing


By JAMES KARIUKIMore by this AuthorTour and travel firm, Globetrotters Agency, has been entered into the Nairobi bourse-listing incubation programme for nurturing into an investor-ready company ahead of actual listing early next year. The incubation process, also called Ibuka in Kiswahili, takes between six to 12 months and involves improving financial, technical and other business support. The firm mainly deals in tour and travel bookings targeting corporate executives and high- net-worth individuals as well as walk-in clients. Globetrotters is the second firm to be enlisted on the Ibuka programme after Jambo tea maker, APT Commodities Limited, came on board last February 1. The Ibuka programme helps companies to streamline operations on bookkeeping, management structures, operations and company policies, among other business aspects, with the main aim of enhancing their corporate governance structures ahead of listing.


Source: Daily Nation March 16, 2019 08:16 UTC



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