Homeboyz entertainment is the tenth company to join the Nairobi Securities Exchange incubation program.
NSE’s Ibuka is a ten-month program where small and medium-sized companies are prepared for possible listing in the future. The program allows firms to access experts on listing, financial advisors and other consultants.
Other businesses that have signed up for the program are; real estate firm Myspace Properties, vehicle and equipment leasing company VAELL, Globetrotter Agency Limited, Moad Capital, and APT Commodities Company.
NSE aims to increase the number of listed companies trading on the exchange through the incubation program. The Nairobi bourse only has 67 listed companies compared to its African peers Nigeria Stock Exchange and Johannesburg Stock Exchange which have 168 and more than 300 listed counters on their platforms respectively.