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NAIROBI STOCK EXCHANGE GLOBAL
THE NAIROBI Stock Exchange will soon beam live broadcasts providing information and data about its daily transactions to a global audience. And when implemented, East Africa's most vibrant bourse will join the ranks of other global markets such as New York (NYSE), London (FTSE 100) and Asian exchanges, whose daily trading is broadcast instantly.
The NSE has already contracted SNBCAfrica, an American news cable channel that is jointly owned by Microsoft and General Electric. Chris Mwebesa, the NSE chief executive, said in an interview that the NSE had also invited bids from other vendors, with leading names such as Reuters and Bloomberg.
Speaking over a wide range of issues, Mwebesa said the new system, installed last year, will bring the NSE closer to international standards on trading and settlement, adopted by the G30 about 18 years ago.
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