Ruto set stage for more listing of public companies

[RV Pundit]

Pension fund - mandatory say 5% of net salary- like Chile - with ability to use it for housing (like Singapore) will encourage savings.

[hk]

As much as there are hungry hasoras many more are drinking daily. Awareness and public education is the way to go.
Mama mbogas are saving in their chamaas 500, 1000 a day. They just need education on how shares work- exit strategies. No need to buy land in desolate Ukambani.

Can Kenya accomodate 6 to 10 IPOs in a year? I highly doubt it. Would be lucky to get even one IPO in a year. Currently money is flowing back to the US. Stocks worldwide have deeped. The climate is not right even for one IPO. Ruto should have set that as his goal in his first term and not in one year. This he will not accomplish. Ruto like Gachagua should learn to think first before uttering promises.

Foreign investors have run but they will be back...gov can set their target valuation...do the IPO...local investor buy...and then later flip at huge profit to foreign investor....this whole point of public IPO...it's for Kenyans to own the pie..once these guys return nse will hit the roof encouraging people to invest more

Agreed. If there were better investment opportunities, there's plenty of money that can be deployed. The problem is there's a dearth of companies that are ready or worth being invested in. The financial sector need to innovate to offer products that kawaida people can invest in. Something like M-Akiba is barely existent and it should be thriving.

[RV Pundit]

They also need to reduce all those fees CMA and NSE judge to allow for day trading - but definitely the gov can make NSE more liquid by listing many more SOES - they get money - and the listed companies are freed from treasury or corruption capture.

So far the vibe coming from Ruto is return to Kibaki regime - which is good - for donkey years I have asked Uhuru to sell more SOES

Agreed. If there were better investment opportunities, there's plenty of money that can be deployed. The problem is there's a dearth of companies that are ready or worth being invested in. The financial sector need to innovate to offer products that kawaida people can invest in. Something like M-Akiba is barely existent and it should be thriving.