{"id":16511,"date":"2011-12-19T04:19:56","date_gmt":"2011-12-19T04:19:56","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/12\/kenya-kenyan-firms-with-sh10-million-asset-base-to-raise-capital-through-nse\/"},"modified":"2011-12-19T04:19:56","modified_gmt":"2011-12-19T04:19:56","slug":"kenya-kenyan-firms-with-sh10-million-asset-base-to-raise-capital-through-nse","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/12\/19\/kenya-kenyan-firms-with-sh10-million-asset-base-to-raise-capital-through-nse\/","title":{"rendered":"Kenya: Kenyan Firms With Sh10 Million Asset-Base to Raise Capital Through NSE"},"content":{"rendered":"<hr class=\"thin clear\" \/>\n<hr class=\"thin clear\" \/>\n<p><a href=\"http:\/\/www.nation.co.ke\/\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" src=\"http:\/\/allafrica.com\/img\/static\/publishers\/minibanners\/nation180.jpg\" alt=\"The Nation (Nairobi)\" title=\"Visit The Nation (Nairobi)\" \/><\/a><\/p>\n<p>16 December 2011<\/p>\n<hr class=\"thin clear\" \/>\n<p>Kenyan firms with a minimum asset-base of Sh10 million can now trade their shares and raise capital from the Nairobi Securities Exchange from June next year.<\/p>\n<p>Formerly, only those firms with an asset-base Sh20 million to Sh100 million were eligible for listing.<\/p>\n<p>Following the approval of a new regulatory framework giving birth to the Growth and Enterprise Market Segment, companies can raise the capital to accelerate their growth.<\/p>\n<p>The new policy was developed by the Capital Markets Authority, Nairobi Securities Exchange and the Central Depository and Settlement Corporation.<\/p>\n<p>Capital Markets chief executive Stella Kilonzo, said: &#8220;The market is intended to enable businesses broaden their shareholder base, and gain access to open market valuation.&#8221;<\/p>\n<p>This is a departure from the present where the bourse is mainly made up of the Alternative and the Main Investment Market Segments whose regulations are seen as strict.<\/p>\n<p><strong>Duly vetted<\/strong><\/p>\n<p>The companies would not be required to submit their trading record or profit history but will have to appoint a vetted and approved nominated advisor responsible for overseeing compliance of the company with all their listing and continuing obligations.<\/p>\n<p>They advisor will also be expected to ensure that at least one third of the company&#8217;s directors undergo a corporate governance director&#8217;s induction programme.<\/p>\n<p>Ms Kilonzo said the creation of advisors is aimed at reducing the costs associated with building up business for listing. It encourages wider participation, she noted.<\/p>\n<p>AllAfrica &#8211; All the Time<\/p>\n<p><\/p>\n<fieldset>\n<legend align=\"center\"><strong>More News on allAfrica.com<\/strong><\/legend>\n<\/fieldset>\n<p><\/p>\n<hr \/>\n","protected":false},"excerpt":{"rendered":"<p> 16 December 2011 Kenyan firms with a minimum asset-base of Sh10 million can now trade their shares and raise capital from the Nairobi Securities Exchange from June next year. Formerly, only those firms with an asset-base Sh20 million to Sh100 million were eligible for listing<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-16511","post","type-post","status-publish","format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Kenya: Kenyan Firms With Sh10 Million Asset-Base to Raise Capital Through NSE - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/12\/19\/kenya-kenyan-firms-with-sh10-million-asset-base-to-raise-capital-through-nse\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Kenya: Kenyan Firms With Sh10 Million Asset-Base to Raise Capital Through NSE - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"16 December 2011 Kenyan firms with a minimum asset-base of Sh10 million can now trade their shares and raise capital from the Nairobi Securities Exchange from June next year. Formerly, only those firms with an asset-base Sh20 million to Sh100 million were eligible for listing\" \/>\n<meta name=\"twitter:image\" content=\"http:\/\/allafrica.com\/img\/static\/publishers\/minibanners\/nation180.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/12\/19\/kenya-kenyan-firms-with-sh10-million-asset-base-to-raise-capital-through-nse\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/12\/19\/kenya-kenyan-firms-with-sh10-million-asset-base-to-raise-capital-through-nse\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Kenya: Kenyan Firms With Sh10 Million Asset-Base to Raise Capital Through NSE\",\"datePublished\":\"2011-12-19T04:19:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/12\/19\/kenya-kenyan-firms-with-sh10-million-asset-base-to-raise-capital-through-nse\/\"},\"wordCount\":258,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/12\/19\/kenya-kenyan-firms-with-sh10-million-asset-base-to-raise-capital-through-nse\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/allafrica.com\/img\/static\/publishers\/minibanners\/nation180.jpg\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/12\/19\/kenya-kenyan-firms-with-sh10-million-asset-base-to-raise-capital-through-nse\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/12\/19\/kenya-kenyan-firms-with-sh10-million-asset-base-to-raise-capital-through-nse\/\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/12\/19\/kenya-kenyan-firms-with-sh10-million-asset-base-to-raise-capital-through-nse\/\",\"name\":\"Kenya: Kenyan Firms With Sh10 Million Asset-Base to Raise Capital Through NSE - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/12\/19\/kenya-kenyan-firms-with-sh10-million-asset-base-to-raise-capital-through-nse\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/12\/19\/kenya-kenyan-firms-with-sh10-million-asset-base-to-raise-capital-through-nse\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/allafrica.com\/img\/static\/publishers\/minibanners\/nation180.jpg\",\"datePublished\":\"2011-12-19T04:19:56+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/12\/19\/kenya-kenyan-firms-with-sh10-million-asset-base-to-raise-capital-through-nse\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/12\/19\/kenya-kenyan-firms-with-sh10-million-asset-base-to-raise-capital-through-nse\/#primaryimage\",\"url\":\"http:\/\/allafrica.com\/img\/static\/publishers\/minibanners\/nation180.jpg\",\"contentUrl\":\"http:\/\/allafrica.com\/img\/static\/publishers\/minibanners\/nation180.jpg\"},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Kenya: Kenyan Firms With Sh10 Million Asset-Base to Raise Capital Through NSE - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2011\/12\/19\/kenya-kenyan-firms-with-sh10-million-asset-base-to-raise-capital-through-nse\/","twitter_card":"summary_large_image","twitter_title":"Kenya: Kenyan Firms With Sh10 Million Asset-Base to Raise Capital Through NSE - Ghanamma.com","twitter_description":"16 December 2011 Kenyan firms with a minimum asset-base of Sh10 million can now trade their shares and raise capital from the Nairobi Securities Exchange from June next year. 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