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OTC Securities Exchange programme

January 2017 - December 2019

FSD Africa believes that fair and transparent financial markets improve liquidity in capital markets. When a market is liquid, capital is mobilized into more and deeper investments, supporting a country’s economic growth.

This programme seeks to provide technical assistance for the establishment of an over-the-counter (OTC) securities exchange in Kenya. The operationalisation of the exchange will involve the development and institutional capacity strengthening of the newly established exchange. FSD Africa is also working to identify and lobby for the removal of regulatory obstacles which impede the participation of investors in the market.


To create better informed market actors on public debt and capital markets; to increase investor confidence in the public debt market; and to support more responsive, comprehensive and effective policy and regulations to enable public market development