The roll out will make Kenya one of the largest sub-Saharan African financial hubs
The Nairobi Securities Exchange has
received approval from the Capital Markets Authority to set up
and operate a derivatives exchange, allowing investors to begin
trading futures contracts and options.
"Derivatives are among the most affordable
and convenient means companies can cushion themselves against
interest rates fluctuations, exchange rate volatility and
commodity prices," said NSE Chairman Eddy Njoroge.
According to local media reports, the NSE
has been issued with a provisional licence to open a
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