Kenya’s first locally domiciled ETF get securities exchange approval

Wall Street Africa (WSA), a Nairobi-based financial media and fintech startup, has received conditional approval from the Nairobi Securities Exchange (NSE) to list its banking exchange-traded fund (ETF) on its Main Investment Market Segment. The approval follows an earlier nod from Kenya’s Capital Markets Authority (CMA) in July, bringing the ETF closer to becoming the country’s first locally domiciled ETF. The NSE said the fund must still meet some listing and operational requirements before it