The Nigerian Exchange Group (NGX) and the Nairobi Securities Exchange (NSE) are moving to tighten ties and accelerate Africa’s capital market integration.
NGX Group Chairman, Umaru Kwairanga met with NSE Chairman Kiprono Kittony in Nairobi, where both leaders underscored the urgency of stronger collaboration among African exchanges to boost liquidity, competitiveness, and global relevance.
Kwairanga hailed the Nairobi Stock Exchange—East Africa’s largest exchange with more than 160 listed securities—as a critical gateway to regional capital flows.
Kwairanga hailed the Nairobi Stock Exchange—East Africa’s largest exchange with more than 160 listed securities as a critical gateway to regional capital flows.
He stressed that cooperation was “no longer aspirational, but increasingly necessary” as Africa advances economic integration.
Key areas of collaboration
• Cross-Border Listings to widen capital access and investor participation.
• Product Innovation in ETFs, derivatives, and fixed income instruments.
• Technology & Infrastructure sharing on trading modernization, cybersecurity, and market data.
• Sustainability & ESG frameworks to advance corporate governance and green finance.
• Investor Education initiatives to deepen retail participation, especially among younger, digital-savvy investors.
Kwairanga spotlighted Nigeria’s strong market run, noting the NGX All-Share Index ranks among the world’s top-performing equity indices.
He also flagged the upcoming Dangote Refinery IPO as a continental project, urging East African investors to participate.
He welcomed FTSE Russell’s decision to reclassify Nigeria to Frontier Market status from September 2026, calling it a milestone that will attract more global capital.
Both exchanges pledged to set up working teams to drive actionable collaboration, reaffirming their commitment to building more integrated, liquid, and globally competitive African markets under the African Exchanges Linkage Project (AELP) and the African Continental Free Trade Area (AfCFTA).
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