The Nairobi Securities Exchange and the Kenya National Chamber of Commerce and Industry (KNCCI) are currently partnering in an effort to grow the small and medium enterprises.
This partnership is tailored to offer education programs on the local capital markets to the targeted entrepreneurs in the SME category.
According to the KNCCI chief executive officer Matanda Webuyele, this partnership is one of the key steps that KNCCI is taking to ensure SMEs start taking part in the local securities market by way of listing.
Currently, the Nairobi Securities Exchange has a category reserved for small and medium enterprises looking to list. The segment is dubbed Growth and Enterprise Market Segment (GEMS) and was launched in January 2013.
In the same vein, KNCCI is looking to start lobbying county governments in a bid to have SMEs benefit from easier laws of raising capital, conducting and expanding business.
Currently, KNCCI has 47 chambers across the country in all counties. These branches operations are based on the basis of each administrative county and are mandated to provide suitable infrastructure for economic growth.