Three Kenyan companies have joined Morgan Stanley Capital International (MSCI), a leading provider of critical decision support services for the global investment community.
The companies include Kenya Power and Lighting Company PLC, Carbacid Investments PLC, and Bamburi Cement PLC.
While making the announcement, the Chief Executive Officer (CEO) of the Nairobi Securities Exchange (NSE) Frank Mwiti, said that it marked a significant milestone for Kenyan equities on the international stage.
“The addition of three more companies to the MSCI Frontier Markets Small Cap Index underscores the recognition by MSCI of the huge potential growth of Kenya’s listed equities.
“This increased representation will offer the global investment community greater exposure to Kenya’s listed companies and drive significant capital inflows to NSE,” he said.
The addition brings the total number of companies listed on the NSE and incorporated in the MSCI Frontier Markets Small Cap Index to seven.
Also Read: 5 Kenyan Companies Join Global Frontier Markets Indices
What this Means for the Kenyan Companies
Companies included in the index get global visibility, especially among institutional investors who track MSCI indices as indicators of promising investment opportunities.
The process of selection is also often rigorous, and only companies that demonstrate stability, growth potential, and alignment with global financial standards are chosen.
Further, the inclusion of these three companies underscores Kenya’s expanding footprint in the global financial market, positioning the NSE and its listed companies as key players in the future of frontier market investment.
Mwiti underscored the NSE’s commitment to continue engaging both domestic and international investors to enhance the visibility of securities listed on the NSE to the investor community.
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Other Companies in the Morgan Stanley Markets Index
In August 2024, five other Kenyan companies were added to the Frontier Markets Index.
The companies included the Co-operative Bank of Kenya, British American Tobacco (BAT) Kenya, Diamond Trust Bank, Kenya Electricity Generating Company (KenGen), and Kenya Reinsurance Corporation.
“Exciting News for Kenya’s bullish equities market as 5 listed firms join key global indices. I’m thrilled to share that MSCI Inc. has upgraded an additional 5 companies listed on the Nairobi Securities Exchange PLC to its Frontier Markets Indices,” Mwiti said then.
MSCI is a leading provider of critical decision support tools and services for the global investment community.
It’s also an international firm that provides investment data and analytics services to investors.
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