Entertainment and events management group, Homeboyz is the latest entrant into Nairobi Securities Exchange (NSE) incubation programme, Ibuka.
This is after its books were subjected to thorough scrutiny by NSE consultants handling numerous applications from local firms seeking to go public to raise funds for expansion as well as tap fresh expertise from investors to power their growth.
The family-owned enterprise founded by media personality Myke Rabar becomes the 10th firm to get into the program.
NSE’s Ibuka is a ten-month program where small and medium-sized companies are prepared for possible listing in the future. The program allows firms to access experts on listing, financial advisors and other consultants.
Other businesses that have signed up for the program are; real estate firm Myspace Properties, vehicle and equipment leasing company VAELL, Globetrotter Agency Limited, Moad Capital, and APT Commodities Company.
NSE aims to increase the number of listed companies trading on the exchange through the incubation program. The Nairobi bourse only has 67 listed companies compared to its African peers Nigeria Stock Exchange and Johannesburg Stock Exchange which have 168 and more than 300 listed counters on their platforms respectively.