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Saccos to list at NSE
littledove
#1 Posted : Monday, April 13, 2015 9:20:04 AM
Rank: Veteran


Joined: 7/1/2014
Posts: 903
Location: sky
The government has announced plans for savings and credit co-operatives (Saccos) shares trade at the Nairobi Securities Exchange. Speaking yesterday, Commissioner of Co-operatives Patrick Musyimi said plans are underway to create guidelines for Sacco shares to trade at the bourse.



http://mediamaxnetwork.co.ke/peopledaily/142635/new-era-saccos-listing-planned/

There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
murchr
#2 Posted : Friday, June 12, 2015 5:59:25 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
The platform, most likely to be established under the Nairobi Securities Exchange, would give society members capability to liquidate their savings and earn premiums, something which is impossible in the current set-up. A technical working group comprising of representatives of the Capital Markets Authority, the Sacco Societies Regulatory Authority, the Co-operative Bank, Kingdom Sacco, Kenya Union of Savings and Credit Co-operatives and representatives of individual co-operative societies is working on modalities of establishing the trading platform.
Read more at: https://www.standardmedi...trading-platform-planned
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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