The NSE Ibuka program has now hit eight ball with the admittance of Nile Capital Insurance Brokers.
By joining the accelerator program run by the Nairobi Securities Exchange (NSE), Nile Capital becomes the eighth firm to be enrolled, days after Polygon Logistics became the seventh.
The company termed the admittance as humbling when being awarded the acceptance certificate at the NSE trading floor on May 9.
Nile Capital Insurance Brokers executive director Arthur Opinya said, “We are confident that this platform will enable us to inculcate good corporate governance structures and catalyze our business growth.”
As per the process undertaken by the seven other firms on the program, Nile Capital joined following a rigorous evaluation and vetting process, the NSE said.
The program is hosting high growth companies in a bid to make them ready to commence their next phase of growth, including listing at the bourse if needed.
Geoffrey Odundo, NSE Chief Executive said, “This enrolment is a key milestone and will commence Nile Capital Insurance Brokers next phase of growth across its various business segments and markets.”
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Nile Capital Insurance Brokers was established in 2013 and is headquartered at Upper Hill, Nairobi. It focuses on offering insurance brokerage and risk consultancy services within Kenya.
It 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) and logistics firm Polygon.
The Ibuka is aimed at growing visibility whilst enhancing brand recognition and business opportunities among hostee companies.
Additionally, the program seeks to assist in inculcating improved corporatization, develop capabilities to access capital markets as well as provide a roadmap to long term corporate sustainability.
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