FINTECH • MARKETS • AI
The Nairobi Securities Exchange (NSE) is preparing its first AI-focused exchange-traded fund: wider market access, M-Pesa integration and a warning on bubble risk.
CEO Frank Mwiti announces an ETF bundling the global AI giants (Microsoft, OpenAI, Samsung).
Denominated in Kenyan shillings (KES), so investors avoid direct dollar exchange-rate risk.
Since the exchange was integrated into Safaricom M-Pesa in 2026, one million young people have joined the Nairobi exchange.
Young Kenyans are moving away from traditional sectors in favour of tech and digital assets.
The NSE warns the launch will be postponed if soaring international AI valuations pose a bubble risk to local savings.
The NSE is up 30% in 2026 and is targeting KES 5 trillion in market capitalisation.
A crypto ETF (BTC, ETH, SOL) is planned, subject to the legal framework on digital assets.
"Kenya's move shows that mobile money and AI can reshape finance in Africa, provided risk is tightly regulated."
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