NSE must copy Brazil's Novo Mercado

Much has been made of the speculative effect of hot money (emerging market funds of US/UK Investment Banks) on the NSE. Part of the reason such funds only deal with the NSE on a speculative basis is the lack of clear governance by CMA/NSE. For the NSE and the rest of the Kenyan economy to benefit from more permanent investment from such funds, we will have to improve our stock markets in a lot of areas not least reporting standards. The effect of such improvements is clear if you look at the the success of Brazil newest stock market.