Kenyan Investors Gain Access to Global Markets
Kenyan Investors Gain Access to Global Markets
Kenyan investors will soon have the opportunity to trade in global markets. This follows the secondary listing of the Satrix MSCI World Feeder ETF on the Nairobi Securities Exchange (NSE).
Satrix, a top index-tracking investment provider in South Africa, made the announcement earlier today. The ETF will begin trading at Kshs. 761 per unit.
The fund is already listed on the Johannesburg Stock Exchange (JSE). It tracks the MSCI World Index, which covers large and mid-cap stocks from 23 developed countries.
Satrix achieves this by investing in the iShares Core MSCI World UCITS ETF. This underlying fund aims to deliver both capital growth and income returns in line with the MSCI World Index.
With this new listing, the ETF will be denominated in Kenyan Shillings. As a result, local investors will gain easier access to global equities while diversifying their portfolios beyond local assets.
Kenyan Investors Gain Access to Global Markets
Expanding ETF Options and Strengthening Market Reach
Satrix currently manages 38 ETFs on the JSE, with a total asset value of over R77 billion (around Kshs. 561 billion). This listing extends its reach into East Africa and highlights its goal to support African capital markets.
Speaking on the development, NSE CEO Frank Mwiti said the new ETF offers local investors a fresh way to invest globally. He noted that it supports NSE’s plan to expand listings, deepen liquidity, and increase market options.
Satrix’s Head of Business and Market Development, Duma Mxenge, emphasized the listing’s importance. “We are excited to enter Kenya,” he said. “This move helps investors diversify and supports the growth of regional markets.”
Additionally, Satrix CEO Fikile Mbhokota highlighted Africa’s role in the company’s long-term strategy. “Expanding across Africa is part of our vision. We are thrilled to bring our product to Kenya and engage with local players,” she noted.
Lastly, Absa Bank Kenya acted as the transaction advisor. CEO Abdi Mohamed praised the team effort that brought the cross-border deal to life.
He said the project required deep technical expertise, regulatory coordination, and a client-focused approach.
