The Nairobi Securities Exchange PLC (NSE) has formalized the partnership with the Chinese Shenzhen Stock Exchange (SZSE) by signing a Memorandum of Understanding.
This agreement is expected to showcase the Kenyan capital market to Chinese investors and vice versa. It will also boost investor relations between China and Kenya.
“Our collaboration with the Shenzhen Stock Exchange is deliberate and strategic. It is geared at achieving a number of goals including; encouraging seamless cross-border access between our capital markets to ultimately drive deeper capital markets; create larger liquidity pools and greater competitiveness for our investors; enhance capacity and promote diversity of investment products to meet the needs of a wide range of investors and issuers,” said Geoffrey Odundo, the NSE Chief Executive.
With a vision of becoming the leading securities exchange in Africa, the Nairobi bourse has embraced strategic partnerships as a key pillar to the success and growth of the capital markets.
NSE and SZSE agree that capital market services should facilitate capital formation for companies at different stages of development.
Commenting on the partnership Mr. Wenhai XIE, Deputy Director-General, Technology Management Committee of Shenzhen Stock Exchange said, “There will be great potential for future cooperation. My visit to Kenya this time also shows our aspiration to deepen cooperation.”
The two Exchanges have also launched the Ibuka and V-Next Connect – a joint initiative which aims at promoting cross-border growth of Micro, Small and Medium-sized Enterprises (MSMEs) in Kenya and Shenzhen.
The collaboration between the NSE and SZSE is aligned with the long-standing China-Kenya bilateral ties which seek to boost trade and development in both countries.
Shenzhen Stock Exchange (SZSE), established on 1st December 1990, is one of the two stock exchanges in China’s mainland. It is a self-regulated legal entity under the supervision of China Securities Regulatory Commission (CSRC).
