The Morgan Stanley Capital International (MSCI), a provider of critical decision support services for the global investment community, has announced the inclusion of the three companies listed on the Nairobi Securities Exchange Plc (NSE) in the MSCI Frontier Markets Small Cap Index.
The three companies comprise, Kenya Power and Lighting Company KPLC, Carbacid Investments PLC and Bamburi Cement PLC. The addition, which follows the MSCI October 2024 review, brings to seven the total number of companies listed on the NSE and incorporated in the MSCI Frontier Markets Small Cap Index.
The companies are;
- British American Tobacco Kenya PLC.
- Diamond Trust Bank Kenya Limited.
- Kenya Electricity Generating Company PLC.
- Kenya Reinsurance Corporation Limited
- Kenya Power and Lighting Company PLC
- Carbacid Investments PLC
- Bamburi Cement PLC
NSE, Chief Executive Officer, Frank Mwiti, said: “The addition of three more companies to the MSCI Frontier Markets Small Cap Index underscores the recognition by MSCI of the huge potential growth of Kenya’s listed equities. This increased representation will offer the global investment community greater exposure to Kenya’s listed companies and drive significant capital inflows to NSE.”
In addition to the seven companies included in the MSCI Frontier Markets Small Cap Index, five companies are included in the MSCI Frontier Market Index.
The five companies are:
- Safaricom PLC
- Equity Group Holdings
- KCB Group PLC
- East Africa Breweries PLC
- Cooperative Bank of Kenya
MSCI is a leading provider of critical decision support tools and services for the global investment community. The firm plays a critical role in enabling investors understand and analyse key drivers of risk and return and confidently build more effective portfolios.
The additions will take place as of the close of November 25, 2025.