Nairobi Securities Exchange Chairman Sam Kimani giving his remarks during the annual NSE Charity Trading Day. [Photo/ Kenyans WallStreet. ]
The Nairobi Securities Exchange (NSE) has raised Sh 6 million towards the funding of charity organizations despite poor performance.
The event, which is dabbed ‘NSE Charity Trading Day' is held annually and it saw 18 celebrities join market participants in making calls to clients on behalf of market dealers to encourage them to make trade in support of the charity.
The latest amount is an improvement from last year's Sh5.8 million bringing to a total of Sh 13 million the amount of money the bourse has raised towards aiding the charity firms.
Speaking during the event held on Friday, NSE Chief Executive Geoffrey Odundo said the event is in line with United Nations’ Sustainable Development Goals (SDGs).
“Stock exchanges are robust engines of commerce, proficiently adapted to raise and sustain capital. But they are also change agents; through initiatives like this, we provide a link between people, planet and profit,” said Odundo.
The NSE chairman Samuel Kimani said that the bourse is not only mandated to provide resilient and build the sustainable economy, but also transform lives in the society.
The organizations that will benefit from the fundings include SOS Children’s Village and Joy Children’s Home , both take care of orphanage children.
Genevieve Audrey Foundation, which counsels and supports sexually abused children, will also benefit from the funding.
Bourse's turnover on Friday rose by 224.37 per cent to Sh 519.5 million from Thursday’s Sh 160 million.