Kenya, November 13 2017 – Nairobi Securities Exchange (NSE) on Friday raised over Kshs 6 million in cash and in kind in its third annual charity trading day, bringing the NSE Charity Trading Day total amount over three years to Kshs19 million.
The NSE charity trading day is an annual event that brings together known personalities, to make calls to clients on behalf of dealers while encouraging them to make trades.
The event provides an opportunity for capital market players to come together and play their part in addressing some of the challenges that plague the society.
Speaking during the Event, the NSE chairman Sam Kimani said: “This year’s Charity Trading Day is aligned to the UN Sustainable Development Goals (SDGs) (particularly no: 15, 4 and 5) which call for promoting life and land, quality education and gender equality. Changing lives for the better is at the heart of NSE’s sustainability strategy. As the Exchange, we remain committed to making a contribution to these goals through initiatives such as these”.
Reiterating the chairman’s remarks, NSE Chief Executive Geoffrey Odundo noted: “Stock exchanges are robust engines of commerce, proficiently adapted to raise and sustain capital. They help businesses big and small create jobs and provide investors with a diverse and dynamic marketplace. But stock exchanges are also changing agents; through initiatives like the Charity Trading Day we provide a link between people, planet and profit”.
This year’s beneficiaries include the Borana Conservancy – a non-profit conservation organization dedicated to the sustainable conservation of critical habitat and wildlife.
Other beneficiaries are SOS Children’s Village and Joy Children’s Home – committed to creating and maintaining a caring and protective environment for children.
The Genevieve Audrey Foundation – A foundation committed to rehabilitate and provide long term support to sexually abused children will also benefit from the drive.
As a member of the UN Sustainable Stock Exchanges initiative, the Exchange endeavors to challenge itself and others in the market to build a resilient, sustainable economy that optimizes the quality of life for all, Odundo noted.
Personalities who attended include Sauti Soul’s Chimano, Sheila Mwanyigah ,Juliani ,members of Elani, Olive Gachara , Fareed Khimani , Larry Madowo , Darshan Chandaria ,MC Jessy and Johnstone Mwakazi.
Others were John Kiarie( KJ ), Bonny Tunya ,Kenya’s Dj Joe Mfalme , Carol Mutoko ,Julie Gichuru, Janet Mbugua Abby Agina and Amina Abdi.
This year’s sponsors included Standard Group ,ICAP ,East Africa Breweries Limited, KCB, Arimus Media ,Evensis ,Safaricom ,Kenya Bankers Association, Diamond Trust Bank, KenGen, I&M Bank and Britam.
Others were Barclays ,Chella Soft ,Ned Bank , Capital Markets Authority(Kenya),Equity Bank, NIC Securities ,SBG,Kestrel ,Apex and Parapet.
The annual NSE Charity Trading day brings together capital market participants, the financial community and celebrities to network have fun and raise funds towards charitable efforts.
The Nairobi Securities Exchange is the principal securities exchange of Kenya.
Besides equity securities, the NSE offers a platform for the issuance and trading of debt securities.
NSE is a member of the African Securities Exchanges Association (ASEA) and the East African Securities Exchanges Association (EASEA).
It is a full member of the Association of Futures Markets (AFM) and an affiliate member of the World Federation of Exchanges (WFE), and a partner Exchange in the United Nations Sustainable Stock Exchanges Initiative (SSE).
By Martin Mwita