Nairobi bourse goes digital


Image: By BiztechAfrica
Nairobi bourse goes digital

By Semaj Itosno, Nairobi, Kenya

The Nairobi Securities Exchange (NSE) has finally launched an electronic system that links all brokers to the bourse’s trading systems.

The system effectively eliminates the tedious paper trading of shares and would make monitoring of NSE activities easier for management.

With the new system the entire process of trading in securities listed on the NSE is effected electronically; from inputting an order, to processing the order, to making payment and transferring the securities to the new owners.

Dubbed as broker back office (BBO) – the system also allows clients to track and audit activities through alert messages and electronic reports.

According to Kathir Kamathan, chief executive of Chella Software, the company that built the system for the Kenya said South Africa and Singapore are markets in the world using the system.

Kamathan said the system would help build trust amongst investors.

Once fully implemented the new system would cost Sh100m.

Share the News

Get Daily Newsletter

comments powered by Disqus


Time for CIOs to change strategy in the fight against consumer technology

Shadow IT is simply not going away, says Sumash Singh, Country Manager at CommVault South Africa. Read More

Virtualisation in the age of smart data

Actifio solution strategist Gareth Donald discusses virtualisation in the age of smart data: the next frontier on the march to the cloud. Read More

SATA confers on customer service and billing

The Southern African Telecommunications Association (SATA) held a Customer Service, Quality of Service (Qos) and Billing Conference.  Read More

Study: Payments industry in flux

A new study indicates that cards will account for 273 billion transactions at a combined value of some US$30 trillion by 2018, but as mPOS grows, new forms of payment will flourish.  Read More

Nissan parades ‘ICT built’ brand in Malawi

Nissan has paraded its brand new 2015 y62 Patrol Ti series in Malawi, which is said to have taken advantage of ongoing ICT innovations and features built-in navigation and digital entertainment. Read More

Digital fuels growth in Africa’s entertainment and media industry: PwC report

African entertainment and media industry has entered a new landscape – one where the media is no longer divided into distinct traditional and digital spheres, according to a report from PwC. Read More

Deloitte unveils Tech Trends 2015

The sixth annual Deloitte Tech Trends report examining disruptive technologies with the best potential to impact businesses within the next 18 to 24 months, will be released in Johannesburg today. Read More

Microsoft promotes Africa’s innovators through DEMO Africa 2015

Using the Demo Africa platform as a veritable vehicle for the development of African innovators, Microsoft, under the 4Afrika Initiative, has confirmed its support for the upcoming DEMO Africa event in Lagos.  Read More

NITDA affirms confidence in DEMO Africa 2015

Nigeria’s National Information Technology Development Agency (NITDA) has affirmed its confidence in the ability of the DEMO Africa forum to become the continent’s rallying ground to discover technology leaders and entrepreneurs. Read More

Alcatel-Lucent VP calls for collaboration to achieve Data Revolution in Africa

The Vice president of Alcatel-Lucent Africa, Daniel Jaeger, has reiterated the need for African stakeholders to work together to address challenges in the way of ICT development in Africa.  Read More


Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4Afrika


Connectivity critical for Nigeria's ICT sector, says SES chiefConnectivity critical for Nigeria's ICT sector, says SES chief

Connectivity is vital for any country to fully optimise the huge potential of cyberspace, SES Sales Manager for West Africa Joy Nma Emenike tells Kokumo Goodie.


High tech homes: Just press playHigh tech homes: Just press play

High tech, digital homes where everything is automated and connected aren’t the stuff of science fiction any longer, says BNC Technology.