Sharp Daily
No Result
View All Result
Wednesday, August 13, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

NSE unveils platform to propel SMEs beyond traditional funding routes

Editor SharpDaily by Editor SharpDaily
November 18, 2023
in News
Reading Time: 2 mins read

The Nairobi Securities Exchange (NSE) unveiled NSE Connect today, a state-of-the-art digital platform with the aim of revolutionizing investment opportunities for small and medium-sized enterprises (SMEs) in Kenya. The innovative platform, launched by NSE CEO Geoffrey Odundo, is designed to bridge the gap between companies seeking capital and potential investors, providing alternative funding avenues beyond traditional equity and debt markets.

The vision behind NSE Connect is to streamline the capital-raising journey for companies, offering a platform that expedites the listing process and provides unprecedented access to a pool of investors. Odundo emphasized that the platform would act as a catalyst for enterprises, granting them access to investors and facilitating a digital due diligence process alongside nominated advisors.

“NSE Connect will provide various benefits to companies including access to investors, a shortened listing process on the NSE, access to a Digital Due Diligence Process and Nominated Advisors, and incubation,” he added.

Also addressing the launch was Ngechu Mary, Director of SMEs and Startups at the Kenya Private Sector Alliance (KEPSA), who underscored the pivotal role SMEs play in Kenya’s economic landscape. She highlighted that 92.2 percent of SMEs are micro-enterprises, facing significant hurdles due to a lack of formalization and scalability. Constrained by limited information and financial resources, these enterprises struggle to break through the barriers hindering their growth.

RELATEDPOSTS

NSE lifts Kenya Airways trading suspension following financial turnaround

January 6, 2025

NSE eyes bold step to trade SACCO shares

September 15, 2024

Ngechu emphasized the urgent need for a mindset shift among business owners, urging them to consider alternative avenues for raising capital beyond the conventional reliance on banks. She urged the NSE to not only offer financial aid but also to build trust among SMEs, emphasizing the importance of creating a symbiotic relationship where SMEs receive funding while maintaining autonomy and control over their businesses.

The NSE’s new initiative has the potential to revolutionize the financial trajectory of Kenya’s SME sector. By providing an alternative route to raise capital, the platform aims to support SMEs in expanding their businesses beyond the limitations of individual entrepreneurs. This strategic move could unlock immense potential, given that the SME sector contributes a significant portion of the country’s labor force.

In a passionate call-to-action, Mary stressed the need for a paradigm shift in acknowledging the vital role played by SMEs in the country’s economy. “If the SME sector is contributing 90 percent of labor, then we should be contributing 50 – 90 percent of the country’s GDP,” she stated. This sheds light on the untapped potential within the SME ecosystem and the transformative impact NSE Connect could have on unleashing this potential.

Previous Post

President Ruto champions unity and multilateralism at Global South Summit

Next Post

Procurement officers urged to embrace power of connectivity to enhance business growth in Africa

Editor SharpDaily

Editor SharpDaily

The latest in business, real estate, education, investments, tech and entrepreneurship, brought to you daily. Reach us through thesharpdaily@gmail.com

Related Posts

commercial illustrator
News

Why Kenyan private equity firms should consider continuation funds as an exit strategy

July 23, 2025
Business

Del Monte foods files for bankruptcy in USA

July 3, 2025
News

Private vs Public Pension Funds in Kenya

June 30, 2025
Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025
Economy

Resilient but strained: Kenyan firms speak out in May 2025 CEO survey.

June 19, 2025

LATEST STORIES

Segregated Pension Schemes in Kenya Q2’2025 Performance

August 8, 2025
Asset allocation dividing an investment portfolio among different asset categories.

Building a Retirement Portfolio in Kenya

August 8, 2025

Steps banks can take to align with fair lending practices

August 7, 2025

The hidden cost of outdated economic statistics

August 7, 2025

EABL posts 12.2% profit surge, strengthens regional footprint despite rising illicit trade

August 1, 2025
1049795356

Maximizing Your Pension Contributions

August 1, 2025

The functional role of narrative in financial markets

August 1, 2025

Tanzania’s protectionist shift and what it means for Kenyan entrepreneurs and regional trade

July 31, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024