NSE Commits to Helping SMEs Grow Through Ibuka Programme

By Soko Directory Team / Published December 18, 2018 | 6:53 am

The Nairobi Securities Exchange (NSE) has launched a support and acceleration platform dubbed Ibuka Programme, aimed at allowing companies to realize their potential for growth.

Ibuka offers a comprehensive incubation arrangement featuring industry experts to small and medium-sized enterprises looking to scale up their operations.

According to Geoffrey Odundo, the Chief Executive Officer of NSE, Ibuka is an initiative that focusses on enhancing specific firms’ business structure, visibility, and the capability to lure investment among local and international investors.

“Our desire is for all local companies to emerge from their current status, stand out from their competitors while realizing their true potential,” said Mr. Odundo.

The incubator programme will be host local Kenyan companies through NSE for a period of 10 months upon which they will enhance their visibility, consult with various experts and leading financial advisors in the industry for professional advice as well as enabling them to be exposed to other potential investors both locally and internationally.

Companies hosted by the incubator platform will also get a chance to improve and augment their business structure as they prepare for growth.

Moreover, the program offers a conducive environment for the firms to raise capital through debt and equity market as they monitor valuation alongside the production of specialized documents for capital and equity raising reports.

The program has been impeccably designed to meet international industry standards, which will work towards enabling Kenyan companies to get a wide access to a network of professionals while allowing business owners broaden their knowledge and join excellent paths towards access to the capital markets.

Tuskys Supermarket’s chief executive officer Dan Githua praised the NSE for launching the initiative claiming it will help it fast-track its business and future outlook through expert analysis.

About Soko Directory Team

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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