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Location
Nairobi, Kenya
Web site
Founded
1954
AFM Member since
2013
Management
• Mr. Sam Kimani, Chairman
• Mr. Bob Karina, Vice Chairman
• Mr. Geoffrey Odundo, Chief Executive
• Mr. Terry Adembesa, Director – Derivatives Markets
AFM Contact Person
Mr. Terry Adembasa
Director – Derivatives Markets
Type of Institution
Derivatives Exchange – NSE Derivatives Exchange (NEXT)
Trading or service offering
Futures
Main products
• NSE 25 Index Futures
• Single Stock Futures
Market capitalisation (USD)
N/A
Exchange partnerships
United Nations Sustainable Stock Exchanges Initiative
Memberships
• Association of Futures Markets (AFM)
• African Securities Exchanges Association (ASEA)
• East African Securities Exchanges Association (EASEA)
Regulatory bodies
Capital Markets Authority (CMA)
General market
information
The NSE Derivatives Exchange (NEXT) is a subsidiary of the Nairobi Securities Exchange Limited
governed by the NSE Derivatives Rules, the Capital Markets (Derivatives Markets) Regulations
2016, and the Capital Markets Act Cap 485A, while being under the supervision of the Capital
Markets Authority.
This is the first derivatives exchange in Kenya, and second in the African Continent. The NSE
Derivatives Exchange will offer futures contracts in equity products, at the initial phase, before
expanding into other asset classes such as fixed income, currencies and agricultural commodities
once the market gains full traction.
The market is awaiting formal launch envisioned during the year 2017.
Nairobi Securities Exchange
