Nairobi Stock Exchange, FTSE Sign Agreement, Business Daily Newspaper Says

The Nairobi Stock Exchange and FTSE International Ltd. signed an agreement under which new NSE/FTSE stock and bond indexes will be marketed to international investors, Business Daily reported.

The deal may lead to the creation of exchange-traded funds and other index-based products to attract foreign investment into the Kenyan market, the Nairobi-based newspaper said, citing Terrence Adembesa, product development manager at the NSE.

To contact the reporter on this story: Eric Ombok in Nairobi at eombok@bloomberg.net

To contact the editor responsible for this story: Paul Richardson at pmrichardson@bloomberg.net

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