Back to the complete issue
Monday, 5 July 2021

EFG Hermes Kenya rolls out online trading platform on Nairobi Stock Exchange

EFG Hermes Kenya has launched today its online trading platform EFG Hermes One on the Nairobi Securities Exchange (NSE), the leading frontier and emerging markets investment bank said today (pdf). The platform allows NSE retail investors to track stock prices in real time, place, track, review, edit, and cancel orders, and build customized watch lists. The platform also features portfolio management tools, portfolio reports that display information on orders history and dividend payments.

The platform aims to “capitalize on Kenya’s high mobile phone penetration rate by leveraging digital channels,” EFG said. For mobile phone and tablet users, the platform will be accessible through a “user-friendly and easy-to-navigate” app that can be downloaded both on Apples’ App Store and Google Play, it added. “With capital market trends demonstrating ever-increasing interest from retail investors across the world, we aim to increase access and awareness to capital markets to foster better equity trading across sub-Saharan Africa, said Ali Khalpey, CEO of EFG Hermes Frontier. “We hope to replicate the success we have witnessed

with the EFG Hermes One application across other markets,” Khalpey added.

Background: EFG obtained a brokerage license in Kenya back in 2017, as part of its expansion in frontier markets, and has since become the top-ranked broker in the East African country.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.