The madness continues - NSE wants to force listing of private firms

News & Politics
1

What are these guys smoking ? How can this even be up for discussion?
How do you start a company, make it successful through blood, sweat and tears, then you are forced to share profits ???

https://www.nation.co.ke/business/NSE-mulls-policy-forcing-listing-of-private-firms/996-5147780-nl2115z/index.html
Stakeholders at the Nairobi bourse are lobbying for a policy that will seek to have the most successful and impactful local private companies cede part ownership to Kenyans by listing on the Nairobi Securities Exchange (NSE).
NSE chief executive Geoffrey Odundo said Kenyans should enjoy the success of companies that provide essential goods and services by getting a chance to own a stake in these firms.

2

In the long run Kenyans will lose their money. It will be the new pyramid.

3
4

Thats bullshit

5

Unconstitutional. Yangu ni yangu si yetu.

6

Communism now? Cant go past a constitutional challenge in this country.
It looks like they cant lure companies into the NSE.

7

NSE has launched the ibuka program to get more companies to list on the exchange and this process is going on very slowly.

I would like to see more companies listed. I think betting companies for example should be forced to list.

8

they’ll just force it one way or the other way, they’ll cry monopoly

9

Just because someone suggested something doesn’t make it a policy. This idea will not see the light of the day. It’s not even remotely possible to be reality

10

Please read the main objectives and functions of NSE as envisioned when it was established in 1989 and the benefits that accrue to public listed companies as opposed to private companies. Kindly also familiarise yourself with the different market segments that companies can be enrolled in within NSE…

11

The end result of having a communist O in the hot seat.

12

hii ni ujinga they will bring collapsing companies and shaft those that will buy

13

Yeah, this would actually benefit the companies. Start a crappy company with cooked books, IPO it. And run. But most private companies fear listing because of the scrutiny that comes with it, in reality, listing is the best way to exit a business, let the shareholders appoint whoever they want as board members and go on to your early retirement

14

It’s a good idea to tame capital flight ,70%of NSE based company s shares are owned by foreigners. This year 135 billion shilling s worth of dividends ,70%of that dividend money has gone abroad ,that heavy leakage in our economy has to be tamed

15

Correction: The Nairobi Stock Exchange was established in 1954! Their objectives are of no relevance to a my private business!!
Private businesses list their companies to raise capital to run the business and not to expand the bourse !!
A well capitalized business has no business selling stock unless the owners want to get out of that business!!

16

Waiting for Brookside Dairies to be forced to list…

17

1954 by the colonial govt! 1989 it was restructured and placed under the ministry of finance…your thinking is convergent primarily because of your negative opinion of NSE and limited knowledge

18

How will forced listing solve it if the same foreigners end up buying 70% of listed shares, it will actually makes things worse!!

19

At Least Kenyans will have a fighting chance to own some shares,sio boardroom deals na hata hakuna public scrutiny.

20

So you work hard building a company and make it successful sweat, blood and tears maintaining high standards by avoiding the sort of mediocrity pervasive in this country, then some busy bodies bring their grubby hands eti they want some shares.

Nonsense.