Our economy is increasingly dependent on the success and integrity of the financial markets – Michael Douglas
Derivatives trading in the NSE
The Nairobi Securities Exchange (NSE) is in the process of launching derivatives trading in the market thereby opening opportunities for better risk management. NSE has already appointed a number of banks to act as Central Counter Party (CCP). The derivatives will be traded in the Nairobi Securities Exchange Derivatives market (NEXT). The market was created as a response to the impact of globalization and thereby the increased linkage of the Kenyan Financial Market with the global markets. There was also need to provide local players with diverse opportunities for risk management. For a start, the market will provide equity index and single futures as well as currency futures. Your business could benefit from the opportunities brought out by the NEXT market.
The rise and rise of Africa
A majority of the African countries are registering some of the few fast growing economies in the world. Kenya for instance recorded tremendous growth in her middle class population. This has pushed demand for consumer goods including a booming real estate industry. The financial services industry has also increased in leaps and bounds. Regulatory institutions are also keen to spur the growth with increased government expenditure on infrastructure and improved business climate. This has opened vast business opportunities that continue to attract both local and international investors. If you are keen to take advantage of the vast opportunities in the country, please feel free to contact us for further discussions on the most appropriate steps to take.
