Ruto Unveils Innovative Financial Instruments at NSE, Hails Linzi Sukuk Listing

President William Ruto today championed the introduction of new and diverse financial instruments at the Nairobi Securities Exchange (NSE) during the groundbreaking listing of the Shariah-compliant Linzi Sukuk on the Unquoted Securities Platform (USP).

Speaking at the event, held in Nairobi County, President Ruto emphasized that these innovations align with the government’s Bottom-Up Economic Transformation Agenda.

The Linzi Sukuk, a significant milestone in Kenya’s financial landscape, is set to enhance financial inclusion and broaden market access.

This issuance represents a key step towards integrating Shariah-compliant financial products into the Kenyan market, reflecting a broader global trend towards more stable and robust economic growth.

“The introduction of the Linzi Sukuk is not merely a financial transaction; it’s a transformative step towards achieving our economic objectives,” President Ruto stated. “This landmark issuance will unlock broader investment opportunities and support our agenda to drive inclusive economic development.”

The President highlighted that the Sukuk’s structure will offer new investment avenues, attracting a range of local and international investors.

He also underscored the role of such financial innovations in supporting the country’s economic resilience and growth.