Kenya Electricity Generating Company PLC (KenGen) has been inducted into the Morgan Stanley Capital International (MSCI) Frontier Markets Small Cap Index.
This is expected to signal a potential surge in foreign direct investments for the NSE-listed firm, highlighting its strategic importance in the global energy sector.
This strategic capital investment milestone enhances KenGen's visibility and attractiveness to global investors, positioning it as a key player in the frontier markets landscape.
“This development is expected to enhance shareholder value by attracting more international investment, thereby increasing liquidity and potentially driving up share prices,” KenGen MD and CEO Peter Njenga said.
The MSCI Frontier Markets Small Cap Index serves as a crucial benchmark for institutional investors seeking to gain exposure to emerging economies with high growth potential.
KenGen’s inclusion in this index underscores its robust financial performance, innovative energy solutions, and commitment to powering Kenya's future sustainably.
According to the Nairobi Securities Exchange (NSE), the inclusion reaffirms KenGen's commitment to delivering affordable and reliable energy solutions to the nation, fostering economic growth, and contributing to Kenya’s vision for a green energy future.
"Being part of the MSCI Frontier Markets Small Cap Index provides investors with a unique opportunity to invest in companies like KenGen which have strong growth prospects, solid governance, and a proven track record in the energy sector,'' NSE CEO Frank Mwiti said.
“The move will enable wider and deeper coverage of Kenya’s equity market increasing the visibility of companies listed on the NSE and enhancing their attractiveness to global investors."
The power generator now joins Safaricom, Equity Bank, KCB, Co-op Bank and EABL in the top securities exchange index.
