Nairobi Stock Exchange was established by the British in the 1920s with no formal trading facilities. Formally, the Nairobi Stock Exchange was opened in 1954 as a stockbrokers' voluntary association. Till 1963 share trading was restricted among the British residents of Kenya. After Kenya's independence in 1963, share trading in Nairobi was made open to all.
As of now the Stock Exchange in Nairobi has emerged among the top four stock exchanges in sub-Sahara Africa. The total turnover of this stock exchange in 1996 achieved through trading of 114 million shares was US $ 75 million. During the same period, i.e. from 1963 to 1996 the number of stock brokers has increased from 6 to 20, and trade commission on stocks has come down from 2.5% to between 1% and 2%. The commission on fixed deposits has come down to 0.05%.
Nairobi Stock Exchange Listed Companies
Forty six companies are listed in the NSE (Nairobi Stock Exchange), comprising 4 companies in the agricultural sector, 18 companies in the industrial and allied sectors, 13 companies in the finance and investment sector, and 11 companies in the services sector. Among the renowned companies listed are:
- Unilever Tea (Kenya) Limited
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- Sasini Tea and Coffee Limited
- Kenya Oil Limited
- Total Kenya Limited
- BOC Kenya Limited
- E.A. Breweries Limited
- Kenya Power and Lighting Company Limited
- Barclays Bank of Kenya Limited
- Pan African Insurance Holdings Company Limited
- Kenya Commercial Bank Limited
- Kenya Airways Limited
- Nation Media Group Limited
Nairobi Stock Exchange Functions
The functions of Nairobi Stock Exchange can be summarized as:
- Securities and stock trading
- Information Services in the forms of Presentations to prospective issuers and investors, Initial Public Offering (IPO) Workshop at the Kenya School of Monetary Studies, and presentation to policy makers
- Data Vending
Nairobi Stock Exchange is located in Nation Center, 1st Floor, Kimathi Street, Nairobi, Kenya.
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