[Kenya] NSE admits fifth company onto the Ibuka Program
16-04-2019 07:27:00 | by: Pie Kamau | hits: 2060 | Tags:

The Nairobi Securities Exchange (NSE) has admitted Myspace Properties onto Ibuka, NSE’s incubation and acceleration program.

Established in 2008, Myspace Properties (Kenya) Limited is an outstanding private properties company serving the housing and property needs of real estate clientele.

The company has grown to become one of the prime property dealers focusing in Property Development, Project Management, Real Estate and Land Agents, Buying/Selling Property and Property Management Agency and a Real Estate marketing platform.

The admission comes following a rigorous evaluation and vetting process that resulted in Myspace Properties Limited becoming the fifth enterprise joining the Ibuka program.

Speaking during the admission ceremony, Mr. Geoffrey Odundo, NSE Chief Executive noted, “I am delighted that we have admitted the first property company onto the Ibuka Program. This program will enable Myspace Properties (Kenya) Limited enhance its growth and accelerate its expansion into a regional real estate company in Kenya enabling it take advantage of the growing property market in the region. ’’

Ibuka is aimed at growing visibility whilst enhancing brand recognition and business opportunities among hostee companies. Additionally, the program will assist in inculcating improved corporatization, develop capabilities to access capital markets as well as provide a roadmap to long term corporate sustainability.

Commenting on their admission, Mr. Mwenda Thuranira Chief Executive Officer, Myspace Properties (Kenya) Limited, noted, “We are glad to be part of the Ibuka Program and are confident the program will enable propel our business to its next phase of growth.''