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Mombasa based Nyali Capital coasts into NSE Ibuka

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Nyali Capital Limited, the company led by the best woman in business in Mombasa in 2018, is the ninth firm to join the Ibuka accelerator company at the Nairobi Securities Exchange (NSE).

The firm enrolled onto the NSE’s Ibuka program on May 10 with bourse chief executive Geoffrey Odundo welcoming Nyali Capital CEO Wanjiku Wambugu at the trading floor.

Nyali Capital, like the other eight hosted companies on the NSE Ibuka company, hopes to gain acceleration that will see it potentially list at the bourse in future.

“A journey of a thousand miles begins with one step. … as we take that first bold step in our journey to being a listed company at the NSE’s Main Board, the Ibuka program provides us with the confidence we need to walk to the future of endless opportunities and possibilities,” said Wanjiku Wambugu.

The firm, which was formed in 2013, is geared at providing short term credit facilities, financial advisory services and training programs.

[Read: Amid Brexit blues, English teams choose to stay in Europe]

Nyali Capital was, according to its CEO, aimed at plugging a gap in the SME sector by offering to help business persons by funding their LPO’s. Currently, Nyali Capital has disbursed around Ksh400 million in LPO financing.

The firm’s business saw Wanjiku Wambugu crowned the best woman in business in Mombasa during the Kenya National Chamber of Commerce and Industry (KNCCI) Awards in December 2018.

Nyali Capital joins tea exporters APTI Commodities, travel and tours consultancy Globetrotters Agency, steel manufacturers Bluenile Rolling Mills, financial consultants Moad Capital, propertiers Myspace Properties, asset leasing firm Vehicle and Equipment Leasing Limited (VAELL), logistics firm Polygon and insurance brokers Nile Capital on the NSE accelerator program.

[See Also: CS inaugurates cancer, tobacco boards]

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Mike Njoroge
Mike Njorogehttp://www.businesstoday.co.ke
Mike Njoroge is the founder of Daystar Oracle and FootballTriangle. He is passionate about news, religion and sports. He can be reached at: [email protected]
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