Global Entrepreneurship Summit Comes to Nairobi

Launched by President Obama in 2009, the Global Entrepreneurship Summit (GES) brings together entrepreneurs and investors from across Africa and around the world annually to showcase innovative projects, exchange new ideas, and help spur economic opportunity.  The 2015 GES agenda will focus on generating new investments for entrepreneurs, with a particular focus on women and youth.  The selection of Nairobi as host city for the 2015 GES underscores how Africa -- notably Kenya -- has become a center for innovation and entrepreneurship.  Kenya is a world leader in mobile money systems, like m-pesa, and a driver of innovation through technology research and incubation labs like “iHub.” and Nairobi Garage.

Since 2009, GES has emerged as a global platform connecting emerging entrepreneurs with leaders from business, international organizations, and governments looking to support them. This is the first time GES will take place in sub-Saharan Africa.

Read more about Global Entrepreneurship Summit Comes to Nairobi

  • 0

NSE Amends FIS Trading Rules

The Nairobi Securities Exchange (NSE) has amended its Fixed Income Securities (FIS) Trading Rules. This follows a formal approval from the regulator; the Capital Markets Authority (CMA). The FIS Trading Rules cover how NSE Market Intermediaries access the Automated Trading System (ATS) of The Exchange. They also detail the obligations of NSE Market Intermediaries including their order management of trades in Fixed Income Securities executed on the same platform. The amendments are in Section 5.2.2 (ii) and 5.2.3 of the Trading Rules and include the creation of a Restricted Board where restricted FIS offers shall trade and the trading restrictions on the Restricted Board. The Restricted Board will be used to trade Fixed Income Securities arising from public offers targeting sophisticated investors who include; high net worth individuals, authorized schemes, collective investment schemes, banks and their subsidiaries, co-operative societies, pension or retirement funds a…
Read more about NSE Amends FIS Trading Rules
  • 0