The Nairobi Securities Exchange (NSE) has increased initial margin requirements for several single stock and index futures within its derivatives segment (NEXT), effective September 19, 2025, to enhance risk management.

• The new rates apply to all contracts from December 2025 through September 2026, requiring traders to adjust their accounts.
• Significant margin hikes include Kenya Power (up to KES 2,400), the NSE 25 Index (up to KES 1,500), and Safaricom (up to KES 1,100).
• NEXT, launched in July 2019, offers Equity Index Futures and Single Stock Futures, governed by the Capital Markets (Derivatives Markets) Regulations, 2015, with the NSE acting as the central counterparty.