March 13, 2010


NSE to launch commodity exchange “by June”

The Nairobi Stock Exchange ( has set mid-2010 as the target to launch a commodities exchange. It will be a joint effort by the National Cereals Produce Board (, the Kenya Agricultural Commodities Exchange (, Eastern African Grain Council ( and NSE.

Capital raising

Results of Uganda’s NIC privatisation share offer

Uganda’s National Insurance Corporation (, was oversubscribed after Uganda Shilling (UGX) 9.5 billion (US$4.6 million came in applications when Government offered its remaining 40% stake in the company in an 161,552,000 shares totalling UGX 7.2 bln.