NSE admits Naveah Capital Insurance onto Ibuka

Naveah Capital Insurance Agency, a Kenya-based insurance company, has joined an ambitious initiative dubbed the Ibuka program.

Ibuka which roughly translates to ‘Remember’ in the Swahili language, is an incubation and acceleration program of the Nairobi Securities Exchange (NSE), a leading African Exchange, based in Kenya – one of the fastest-growing economies in Sub-Saharan Africa.

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The Program is aimed at enhancing an organisation’s brand recognition and visibility. As part of its mandate Ibuka offers companies access to expert consultancy and advisory services.

The programme enables select Kenyan companies to fast-track their developments by accessing financial advisors and consultants to help them structure their businesses, enhance visibility and get exposure among local and international investors.

In April of this year, Kenya-based real estate firm, Myspace Properties Limited became the 5th enterprise and first property company to join the Ibuka program after undergoing a rigorous evaluation and vetting process.

Geoffrey Odundo NSE CEO

During the admission ceremony, Nairobi Securities Exchange Chief Executive Geoffrey Odundo said the Ibuka program will boost the growth and accelerate the expansion of Myspace properties into a regional real estate company in Kenya. He said joining the program would enable the firm to take advantage of the growing property market.

More recently, the NSE officially congratulated Naveah Capital Insurance Agency on joining the Ibuka program.

“We are ready to become the leading champions of wealth protection and preservation,” Naveah responded in a recent statement.

Bertha Mvati VAELL Ibuka

The Ibuka Program now hosts at least 12 companies, including APT Commodities Limited (APTC), Globetrotter Agency Limited, Moad Capital Limited, Bluenile Rolling Mills Limited, Myspace Properties (K) Limited, Vehicle and Equipment Leasing Limited (VAELL), Polygon Logistics Limited, Nile Capital Insurance Brokers E.A. Limited, Nyali Capital Limited, Homeboyz Entertainment Limited, TSG Realty Limited and now Naveah Capital Insurance Agency.

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