The Nairobi Securities Exchange (NSE) has announced the admission of Investcent Investment Bank as an Authorized Securities Dealer (ASD) in the fixed income market.
As an authorized dealer, Investcent Investment Bank is now positioned to actively participate in bond trading on the NSE platform. This move aims to deepen Kenya’s bond market, providing investors with more robust options and increasing market liquidity.
Frank Mwiti, Chief Executive Officer of NSE, stated, “The admission of Investcent Investment Bank as an Authorized Securities Dealer is a significant milestone in our journey to enhance the efficiency and liquidity of the NSE bond market. By increasing the number of players in this space, we are expanding the range of options available to investors, enhancing price discovery and increasing market transparency.”
Dr. Peter Onyango, Co-Chief Executive Officer of Investcent Investment Bank, expressed optimism about the new opportunity, highlighting the bank’s commitment to delivering tailor-made fixed-income solutions. “As a licensed boutique investment bank, we will leverage this new partnership to provide customized fixed-income solutions tailored to meet the specific needs of our clients while contributing to the bond market’s growth in Kenya,” Onyango noted.
This latest move is part of a broader NSE strategy to expand bond trading to all licensed financial service providers under a hybrid bond market framework, approved earlier this year by the Capital Markets Authority (CMA). The framework is intended to increase participation in the fixed income sector, enhancing investor confidence and market efficiency.
NSE continues to invite applications from financial institutions seeking to operate as authorized securities dealers, with plans to admit additional dealers in the coming months.
