NSE Technology Upgrade Delayed Amid Cost Implications at Nairobi Securities Exchange
NSE Technology Upgrade Delayed
The Nairobi Securities Exchange (NSE) has decided to postpone its planned Sh120M technology upgrade due to substantial cost implications. In the half-year period ending June 2024, the exchange's expenses escalated by 18.2%, reaching Sh339.5 million, while revenues rose modestly by only 13.8% to Sh429.5 million.
Cost Pressures Impacting Operations
This decision emphasizes the ongoing pressures facing the Nairobi Securities Exchange's automated trading system. The financial dynamics indicate a pressing need for reassessment rather than expansion under current revenue constraints.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.