NAKURU, Kenya Jul 11 – Trade and Investment Cabinet Secretary Lee Kinyanjui has urged private companies to consider listing on the Nairobi Securities Exchange (NSE), saying the move would unlock access to long-term capital and support business expansion.

📻 Breaking It Down

Speaking during the 30th anniversary celebrations of Riva Petroleum Dealers Limited in Nakuru, Kinyanjui said listed companies enjoy numerous advantages, including increased liquidity for founders, tax incentives, improved corporate governance and stronger brand visibility.

He noted that companies listed on the NSE can raise capital through the capital markets, reducing overreliance on bank loans to finance growth and acquisitions.

“Listed companies have access to long-term financing through the capital markets, making it easier to fund expansion and strategic investments without depending entirely on bank borrowing,” Kinyanjui said.

📌 What You Need to Know

The CS also emphasized the importance of persistence and discipline in entrepreneurship, citing the journey of Riva Petroleum founder and Managing Director Engineer Peter Njeru as an example of how resilience and consistency can build successful businesses.

“Some people quit one business and jump to the next too quickly. Many exit just when the first lesson is about to begin,” he said.

Kinyanjui observed that Nakuru has historically produced some of Kenya’s most successful businesses, with several leading supermarket chains having started in the city before expanding nationally.

He described Nakuru as an ideal environment for start-ups and encouraged young entrepreneurs to begin small and gradually scale up their enterprises.

“Nakuru offers a conducive environment for entrepreneurship, and many successful Kenyan businesses have their roots here,” he said.

The CS commended Njeru for building a company designed to outlive its founder and for involving family members in the business to ensure continuity and sustainability.

📰 Source: Capital FM Kenya