This archive report was first published on 6 July 2021.
On July 6, 2021, EFG Hermes Kenya launched an online equity-trading portal, EFG Hermes One, to increase access to capital markets for retail investors.
The platform, which offers seamless and convenient stock trading at the Nairobi Securities Exchange (NSE), aims to foster better equity trading across sub-Saharan Africa.
EFG Hermes Frontier Chief Executive Ali Khalpey said the expansion into the retail space is part of the firm’s commitment to growing its services across Africa.
The portal allows retail investors to buy and sell stocks as well as settle trades in a single day, according to NSE Chief Executive Geoffrey Odundo.
‘The move is an integral part of our desire to open up the market to further retail participation, see more equities listed on the NSE and grow the value of our equity markets to 50 per cent of Kenya’s GDP,’ Odundo said.
Portal users can access real-time stock quotes, place, track, review, edit and cancel open orders.
Head of Equities at EFG Hermes Kenya Muathi Kilonzo said the portal will create more opportunities for both retail and institutional investors.
