KNCCI President Richard Ngatia, NSE in Ibuka program deal for KNCCI members
Members of the Kenya National Chamber of Commerce and Industry (KNCCI) will now benefit from the Nairobi Securities Exchange (NSE) Ibuka program.
This development was reached when the Nairobi Securities Exchange Chairman Kiprono Kittony led a high power NSE delegation for a courtesy call to the KNCCI president Richard Ngatia and the chamber leadership today.
Kittony was accompanied by the NSE Chief Executive Officer Geoffrey Odundo and NSE Chief Business Officer Ms Mbithe Muema.
During the courtesy call, deliberations were made on the various areas of collaboration between the two institutions gearing focus on the NSE Ibuka Program which is a premium incubation and acceleration program established by the NSE PLC in 2018. The program seeks to support companies to reach their next stage of growth through an incubation and acceleration program tailor made to suit their needs. Through the various stages, the Program is designed to prepare companies to raise capital and be investor ready through various capital market options available at the NSE PLC.
The Chamber president Ngatia thanked the NSE delegation for the fruitful talks noting that the Ibuka program will be important in helping companies under the KNCCI expand.
The Ibuka program offers a wide range of benefits to entities including Capital Markets Access as well as providing enterprises with a unique opportunity to have direct access to capital market players including regulators and advisors. The exposure provides companies knowledge of key considerations when companies want to access public capital markets to raise funds and accelerate growth.