The Nairobi Securities Exchange & Shenzhen Stock Exchange (SZSE) have this morning jointly launched a cross-border match-making platform called V-Next, a one-stop pitching mechanism among qualified investors, intermediaries and start-ups to promote the Small and Medium Enterprise Board. This was announced on the commencement of the China-Kenya Capital Market Service Initiative Forum, an initiative by China & Kenya’s CMA in a bid to expand and seek sustainable practices in the capital markets space.
The platform is aimed to integrate local and foreign investors and help in sustainability practices of the NSE’s and directly reflects on NSE’s incubation program “Ibuka“. This will encourage cross-border Capital Market Sustainability practices between NSE & SZSE
The V-Next, a product of Shenzhen Stock Exchange has so far achieved remarkable success in China, with over 11,000 institutional qualified investors registered and in excess of a 20% success rate in matching projects to capital, SZSE officials said during the launch.
Nairobi Securities Exchange started the Ibuka Program in December 2018 & has so far attracted 10 players with NSE saying one of the Ibuka firms will be ready for IPO next year. The Ibuka Program aims at increasing the market participation of local companies, with the hope of new listings at the NSE which has experienced a long dry period on IPOs. Ibuka program also aims at increasing corporate awareness of retail investors & guiding companies on capital Market practices before they go public.