Nairobi Securities Exchange

Gallery

Nairobi Securities Exchange

The following is selected information on the profile of the NSE, senior management and other aspects of operations:

Base Profile

No	Item	Details
1	Exchange operations	1920s but formally from 1954
2	Membership	Founding Member of African Stock Exchanges Association and Associate Member of World Federation Exchanges
3	Time Zone	Greenwich Mean Time + 3 Nairobi
4	Address	1^st Floor, Nation Centre, Kimathi Street, PO Box 43633-00100, Tel: 254-20-2831000- Nairobi
5	Website	www.nse.co.ke
6	Trading Days	Monday, Tuesday, Wednesday, Thursday, Friday
7	Trading	Automated Trading System
8	Trading Access	Wide Area Network and Local Area Network (Backup)
9	Access Rights	…… CMA Domestic Licensed Investment Banks and ……Stockbrokers
10	Trading Hours 9:00 a.m. to 3:00 p.m.
11	Trading Currency	Kenya Shilling
12	Key Regulations	Capital Markets Act, Cap 485A and related regulations CDSC Regulations NSE Trading Rules NSE Listing Manual
13	Total No of Securities	…… as of 31 March 2013
14	No of Segments	3 with 4^th launched in December 2012
15	No of Indices	5
16	Reports	Daily Market Report Monthly Bulletin Exchange Magazine Annual Report
17	Data Vending	Yes
18	Settlement Procedure	Delivery vs Payment
19	Delivery	Automated Delivery System
20	Settlement	via Clearing House
21	NSE Broker Back Office	Automated back office system that enables senior management to monitor and audit activities through suitable alerts and exception reports;
22	Risk Mitigation	Investor Compensation Fund Guarantee Fund Settlement Limits

Source: NSE

Equities Profile

The listed shares traded are ‘ordinary shares’ which have different par values which range from Kshs 0.10 to Kshs 100/-. Share price range from Kshs 2.05…….to Kshs 493.00…as at 31^st December 2012…. .

No	Item	Details
1	No of Securities	61 Equities.…… as of 31 December 2012
2	No of Segments	3 with 4^th launched in December 2012
3	Segments	Main Investment Market Segment Alternate Investment Market Segment Growth Enterprise Market Segment
4	Main Investment Market Segment Sectors	......... namely Automobile & Accessories; Banking; Construction & Allied; Energy & Petroleum; Insurance; Manufacturing & Allied Sector; Telecommunication & Technology; Agricultural, Commercial & Services, Investment
5	Market Capitalisation	Kshs:1,272,002,229… (USD 14,778 at 86/- per dollar………….) as of 31 December 2012
6	Indices	NSE 20 Share Index Nairobi All Share Index (NASI) FTSE NSE Kenya 15 Index FTSE NSE Kenya 25 Index
7	Indices Base	NSE 20 Share Index (Base 100:1966) Nairobi All Share Index (Base 100: January 2008) FTSE NSE Kenya 15 Index (Base 1^st Jan 2008 =100…….:…….) FTSE NSE Kenya 25 Index (Base 1^st Jan 2008 =100…….:……..)
8	Big 5 Listees	East African Breweries Ltd Safaricom Ltd Kenya Commercial Bank Ltd Equity Bank Ltd Barclays Bank / controlled 52.9%……% of the total equity market capitalization as of 31 December 2012
9	Immobilisation Level	41.91% as of 31 December 2012
10	Delivery, Settlement, Registration	Provided by independent company Central Depository and Settlement Corporation Limited in which NSE has 22.5% shareholding
11	Settlement Procedure	Delivery vs Payment
12	Delivery	Automated Delivery System
13	Settlement	via Clearing House at Commercial Bank
14	Settlement Cycle	T+3
15	Risk Mitigation	Investor Compensation Fund Guarantee Fund Settlement Limits
16	Taxation	Capital gains tax not applicable 5% withholding tax for local investors (including East African invstors) 10% withholding tax for foreign investors

Source: NSE

Bonds Profile

No	Item	Details
1	No of Securities	60 Treasury bonds and 9 corporate bonds…… as of 31 December 2012
2	No of Segments	2 – Normal and Infrastructure bonds as a segment
3	Segments	Fixed Income Securities Market Segment
4	Market Capitalisation	Kshs n/a………(USD………….) as of 31 December 2012
5	Types of Listees	Government of Kenya Bonds Corporate Bonds/Notes Preference Shares
6	Mix	Government of Kenya Bonds contributes over …..% of the market capitalization while Corporate Bonds is the balance ……..%
7	Index	FTSE NSE Kenyan Shilling Government Bond Index Base date 01^st Jan 2012 = 100
8	Immobilization Level	Government of Kenya Bonds is 100% as of 31 December 2012 Corporate Bonds is 62.45 % as of 31 December 2012
9	Maturity	From 1 year to 30 years
10	Interest Rate	Floating, fixed, combination
11	Yield Curve	Available from ………….
12	Delivery, Settlement, Registration	Provided by Central Bank of Kenya
13	Settlement Procedure	Delivery vs Payment
14	Delivery	Automated Delivery System
15	Settlement	via Clearing House at Central Bank of Kenya
16	Settlement Cycle	T+3 (T+1 and T+2 is possible)
17	Risk Mitigation	Guarantee Fund - For Corporate Bonds In Government bond trading the broker in most cases does not receive cash; the cash is paid to the seller directly.
18	Taxation	15% withholding tax on interest 10% withholding tax on interest on bonds that are ….…………………….. 0% withholding tax on interest for infrastructure bonds

Management

Mr. Peter Mwangi - Chief Executive

Mr. Peter Mwangi is the Chief Executive of the Nairobi Securities Exchange. He is also a Director of the Central Depository and Settlement Corporation in Kenya, a Member of the Executive Committees of both the East African Stock Exchanges Association (EASEA) as well as the African Securities Exchanges Association (ASEA). Before joining the Exchange, Peter was the Managing Director of Centum Investment. Centum is the largest publicly quoted investment company in the East African region. Peter holds a Bachelor of Science degree in Electrical Engineering from the University of Nairobi. He is a Certified Public Accountant of Kenya and a CFA charter holder.

Terrence Adembesa – Manager Product and Business Development

Terry is currently the Manager - Product & Business Development at the NSE with key responsibilities in the development and implementation of new products and markets and the management of information services for the Nairobi Securities Exchange. Prior to joining the NSE, Terry worked for the Financial Advisory arm of the Co-operative Bank (K) and as the Chapter Manager at the Enablis Entrepreneurial Network. Terry holds a Bachelor in Business Administration (cum laude) majoring in Management from the University of Eastern Africa Baraton and is currently pursuing a Global Executive MBA at the United States International University.