Thursday, March 28, 2024

NSE hosts meet on growing financial markets, opening investment opportunities

The Nairobi Securities Exchange is holding a two-day symposium on building African financial markets at the Villa Rosa Kempinski Hotel, Nairobi, from today.  The event, which is running as the 7th edition of the Building African Financial Markets (BAFM) is being co-hosted with Barclays Bank of Kenya and Bloomberg.

It is set to provide an opportunity for capacity building by the African Securities Exchanges Association (ASEA). It is also designed to promote growth in African Financial markets and is an opportunity to enhance the capacity for professionals within the markets in order for them to compete effectively on the global stage.

While speaking at the event, NSE chief executive officer, Geoffrey Odundo, noted that this seminar is aimed at exploring opportunities and threats in the financial eco system, while illuminating the practical ways through which the available opportunities can be optimized and how financial markets can circumvent risks and threats. “We have concerned this theme with the introduction of financial instruments, the development of new processes, the use of efficient technologies, the interaction with investors and, or customers and the development of new structures for financials institutions,” he said.

He further added that in January this year, the local bourse became a member of the World federation of exchanges (WFE). “This is a step in the right direction as it plays a major role in increasing the visibility of the Kenyan market,” he said.

This year’s edition is themed as ‘Adaptive Innovation Lever for the Growth and Sustainable Development of African Financial Markets’. “What I find particularly appealing about the BAFM, is it’s focus on knowledge building and global competitiveness of African financial markets,” said Mr. Odundo.

With investors moving towards emerging financial opportunities in line with the evolving global economies, it is expected that the seminar will be a catalyst to opening investors unto the African markets that are green with prospects. “Looking at the African Capital Markets, it is evident that innovation has given rise to new trends in modern products and systems whose importance has been widely recognized; such as green finance, mobile trading, policy reforms, regional integration, and cutting-edge IT solutions among others,” the NSE said in a statement.

Already, the NSE is holding talks with a number of African markets with the aim of linking six markets to enable cross-border trading. This is going to offer better opportunities to Kenyan investors keen of diversifying their investment portfolio away from the local economy.

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