KenGen Joins MSCI Frontier Markets index, set to attract global investors

This achievement is expected to attract increased foreign direct investments for the firm listed on the Nairobi Securities Exchange (NSE), emphasizing its strategic role in the global energy sector.

“This development is expected to enhance shareholder value by attracting more international investment, thereby increasing liquidity and potentially driving up share prices," Eng. Peter Njenga, KenGen’s Managing Director and CEO stated.

The MSCI Frontier Markets Small Cap Index serves as an essential benchmark for institutional investors aiming to gain exposure to high-growth potential emerging economies.

KenGen’s inclusion in this index highlights its strong financial performance, innovative energy solutions, and commitment to sustainably powering Kenya's future. 

In response to the news, the Nairobi Securities Exchange (NSE) remarked that inclusion in the MSCI Frontier Markets Small Cap Index offers investors a unique chance to invest in companies like KenGen, which demonstrate strong growth prospects, solid governance, and a successful track record in the energy sector.

Mr. Frank Mwiti, NSE Chief Executive Officer, commented, “The move will enable wider and deeper coverage of Kenya’s equity market increasing the visibility of companies listed on the NSE and enhance their attractiveness to global investors as the indices serve as benchmarks for institutional investors looking to gain exposure to frontier markets.”

Eng. Peter Njenga expressed his enthusiasm for the recognition noting that it will attract more investment into KenGen and make Kenya a more attractive investment option.