KCB has set the trend, let other corporates follow

A new entrant in the market, Kenya Commercial Bank  (KCB) has taken the lead in requesting Capital Markets Advisory Council (CMAC) for an approval to cross-list its shares on the Kigali bourse. Running into its second year of operations, our capital market has only been trading bonds, both treasury and corporate with no equity trading taking place. Traditionally, and most especially in the developed world, financial institutions like capital markets form the bedrock of the economy and are engines of growth. They are the heart and lungs, breathing life into the economy and without such instruments, the global economic order would crumble. Therefore, stock markets remain an integral part of a functioning economy mainly due to their prime function of equity mobilisation. Simply put, stock markets provide the financing required by large businesses to expand their enterprises and adopt innovative measures.