Business Daily | by James Kariuki
The Nairobi Securities Exchange (NSE) has launched Kenya’s first formal over-the-counter (OTC) market platform, which will ease trading, clearing and settlement of shares of unlisted firms.
Previously, investors had to contend with an informal OTC market in which prices are agreed upon on a one-on-one basis between a seller and a buyer, making price discovery difficult and opening the door to price manipulation.
The NSE said Thursday that it has received approval from the…
