The Nairobi Stock Exchange comprises approximately 50 listed companies with a daily trading volume of over USD 5.0 million and a total market capitalization of approximately USD 12 billion . (see Sample Weekly Commentary to the left)
Delivery and settlement is done scripless via
an electronic Central Depository System which was
installed in 2005. Settlement is currently
T+5, but moving to T+3, on a delivery-vs-payment
basis. The Nairobi Stock Exchange recently
introduced an Automated Trading System (ATS) which
ensures that the most competitive bids/offers are
executed on a first come/first serve basis
Aggregate foreign ownership limit of NSE listed companies is 75%. Almost all NSE listed companies are open to additional foreign investment, including multinational subsidiaries
There are no foreign exchange controls in Kenya
and also no capital gains tax. Dividend withholding
tax for foreigners is a final 10%.
Aside from equities, Government and corporate
bonds are also traded on the Nairobi Stock Exchange.
More information on the Nairobi Stock Exhange
and the Capital Markets Authority rules and regulations
may be obtained from their websites which are indicated
under Useful Links to the left.
To view or download the Nairobi Stock
Exchange Daily Price List, click on the
Nairobi Stock Exchange website www.nse.co.ke
