Lesson 2.1: History & Evolution of the NSE
The Nairobi Securities Exchange (NSE) started in the 1950s as a small marketplace where Europeans traded shares.
In 1954, it was officially recognized as a voluntary association of stockbrokers.
Over the years, reforms were introduced to allow local participation.
2006: Electronic trading was introduced.
2014: NSE was demutualized and self-listed as a company.
Key takeaway: NSE has grown from a colonial-era club to a modern, regulated exchange open to all Kenyans.