KENYA: CDSC to launch Kenya short selling

Monday July 22 2013

It has been reported that the Central Depository and Settlement Corporation (CDSC) of Kenya are drafting reforms to ease trading processes at the Nairobi Stock Exchange, including the introduction of Kenya short selling. This reform is expected to boost CDSC’s earnings which had fallen last year as a result of losses and a slowdown of business in the corporation’s subsidiaries. This follows efforts in 2011 to introduce Nigeria short selling of bonds, as reported in our previous update.

This information will be updated as soon as further details become available.