Nairobi Securities Exchange Plans East Africa’s First AI ETF – But Its CEO Is Watching for a Bubble

The Nairobi Securities Exchange is building East Africa’s first exchange traded fund focused on AI stocks, with plans to offer it to investors before year-end — though its chief executive says the launch could be delayed if the global AI rally starts to look overdone. “We want essentially to be able to bring a product to our market where the underlying basket is a reflection of companies that have a direct exposure to AI,” NSE chief executive Frank Mwiti said. Microsoft, Anthropic and OpenAI cou