NAIROBI, Kenya, Oct 14 – Kenya’s capital market has received a major boost after the FTSE Russell Index Governance Board upgraded the country’s Efficient Trading Mechanism status from Restricted to Pass.
The upgrade means investors at the Nairobi Securities Exchange (NSE) can now trade in single-share multiples, a move expected to enhance market accessibility and participation.
NSE Chief Executive Officer Frank Mwiti said the upgrade affirms the success of ongoing market reforms and modernization efforts aimed at deepening liquidity and inclusion.
“This FTSE Russell upgrade is a powerful endorsement of the modernization and reform agenda we’ve championed at NSE. It reflects our unwavering commitment to democratizing investment, boosting liquidity, and positioning Kenya as a globally competitive investment hub,” Mwiti said.
He added that the recognition places Kenya on the radar of global investors and asset managers seeking emerging market exposure.
“FTSE Russell’s flagship equity indexes are trusted worldwide for portfolio construction, risk analysis, and asset allocation, making this development a strategic win for Kenya’s integration into global investment flows,” the NSE stated.
According to the bourse, the upgrade will also spur retail participation by allowing small investors to buy single shares, thereby improving market depth and liquidity.
