President William Ruto has pledged to strengthen the Nairobi Securities Exchange (NSE) by drawing from the global experience of the London Stock Exchange (LSE), as part of efforts to enhance Kenya’s capital markets and support national development.
Speaking during the Market Open ceremony at the London Stock Exchange in Paternoster Square on Monday, President Ruto underscored the importance of equity and debt markets in unlocking financing for Kenya’s development agenda.
“We are witnessing the growing potential of equity and debt markets as platforms for financing national development,” said Ruto during the bell-ringing ceremony that marked the start of trading at the LSE.
The President emphasized that Kenya would leverage its partnership with leading global financial institutions to make the Nairobi Securities Exchange more robust, inclusive, and investor-friendly.
“With rich experience drawn from the London Stock Exchange, we will make Nairobi Securities Exchange more robust and vibrant to further this vision,” he added.
Ruto’s visit to the UK comes amid increased interest by the Kenyan government in diversifying financing options through the capital markets, including green bonds and infrastructure-linked securities.
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His administration has positioned the NSE as a key player in mobilizing private capital to fund major projects in energy, housing, and transport, reducing overreliance on public debt.
The Market Open ceremony was also attended by top executives from the LSE Group, UK investors, and members of Kenya’s financial delegation, including Treasury and NSE officials.
