Kenya is reforming its capital markets to enhance their contribution to national development.
President William Ruto said the world is witnessing the growing potential of equity and debt markets that calls for more strengthening.
He said well-functioning domestic capital markets enhance economic resilience by limiting exposure to volatile capital flows.
“They reduce dependence on external debt and diversify investment opportunities,” he explained.
Ruto spoke on Wednesday at the Paternoster Square in London during the bell-ringing ceremony at the London Stock Exchange.
The event signaled the start of trading at the Exchange.
He observed that Kenya will keep drawing experience from the London Stock Exchange to make Nairobi Securities Exchange (NSE) more robust and vibrant.
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