NSE upgrade to enable Kenyans borrow and lend each other shares
2 months ago, 17 Jan 16:45
Kenyan investors will be able to lend and borrow shares from each other from June, with the NSE set to roll out a system upgrade to accommodate the product within the next five months. Treasury CS Henry Rotich gazetted the rules allowing the securities lending and short selling at the end of November, although the notice was only published last week. The regulations will allow investors to borrow shares from fellow traders and sell them on a bet that a future price drop will enable them to buy b ...
Category: business news