NAIROBI, Kenya, April 14 – The Nairobi Securities Exchange (NSE) has admitted Fincredit SEZ Limited into its Ibuka Programme, an incubator platform designed to support small and medium-sized enterprises to scale and eventually list on the bourse.
Through the admission, NSE said the firm will gain access to capital markets and position itself for sustainable long-term growth.
“Through a structured framework, the programme equips companies with investor readiness tools and strategic guidance required to successfully raise capital via equity and debt instruments,” NSE said in a statement.
Fincredit, formerly AAR Credit Services Ltd, is a credit-only microfinance institution with operations in Kenya, Uganda, and Liberia.
Chief Executive Officer John Kariuki said the admission marks a key milestone in the firm’s strategic transformation and long-term value creation journey.
Launched in 2018, the Ibuka Programme comprises two non-trading segments—the Incubator Board and the Accelerator Board.
Under the Incubator Board, companies undergo in-depth evaluation focusing on growth drivers, strengths, weaknesses, opportunities, and risks. The Accelerator Board, on the other hand, provides advisory on capital raising opportunities available through the NSE.