Kenya rallies African support to host key US market index

Kenya is seeking continental backing to host a NASDAQ-linked African market hub in Nairobi, positioning it as part of efforts to deepen capital markets and attract global investment...

✨ Key Highlights

Kenya is mobilizing African nations to bid for NASDAQ, the world's second-largest stock market, to establish its presence in Nairobi, aligning with President William Ruto's vision for global financial reform.

The initiative is spearheaded by the upcoming Africa Capital Week, scheduled for August 31 to September 4 in Nairobi.
Key players include President William Ruto, Kenya Vision 2030 Chairman Dr. Emmanuel Nzai, and the Capital Markets Authority (CMA).
The move aims to attract private sector capital for development projects, particularly for the Sovereign Wealth Fund (SWF) and National Infrastructure Fund (NIF), addressing thinning national budgets.