Barclays Bank of Kenya Limited subsidiary, Barclays financial services limited, today commenced trading on the bourse following extensive system testing and integration, since its admission as a trading participant.
In making the announcement, Mr. Geoffrey Odundo, Chief Executive of the Nairobi Securities Exchange congratulated Barclays saying “The Exchange remains committed to providing investors with broader access to the market through new membership”.
He added “The participation of Barclays in our Markets is a clear indication of the Exchange’s attractiveness as an investment destination, further entrenching Kenya’s position as the gateway to financial services in East Africa”.
The Capital Markets Authority (CMA) licensed Barclays Financial Services limited as an Investment Bank under the Capital Markets Act and Regulations.
Barclays financial services limited is a wholly owned subsidiary of Barclays Bank of Kenya Limited, one of Kenya’s leading financial institutions. The bank has presence in 38 counties and is listed on the Nairobi Securities Exchange.
The admission of Barclays is expected to attract previously untapped local and foreign investors.
About the Nairobi Securities Exchange
The Nairobi Securities Exchange (NSE) is the principal securities exchange of Kenya. Besides equity securities, the NSE offers a platform for the issuance and trading of debt securities. The NSE is a member of the African Securities Exchanges Association (ASEA) and the East African Securities Exchanges Association (EASEA). It is an affiliate member of the World Federation of Exchanges (WFE),an associate member of the Association of Futures Markets (AFM) and a partner Exchange in the United Nations Sustainable Stock Exchanges Initiative (SSE).