Kenya’s Nairobi Securities Exchange (NSE) on Thursday unveiled a series of bond reforms aimed at boosting the growth of the country’s capital markets.

John Mbadi, cabinet secretary for the national treasury and economic planning, told journalists in Nairobi, the capital of Kenya, that a key reform is the introduction of a hybrid fixed-income market, which will enable the NSE to offer a secondary market combining both onscreen and over-the-counter trading of fixed-income securities.

“The development will allow a wider pool of licensed financial institutions including trading participants and commercial banks access to the NSE on behalf of their clients,” Mbadi said.

He said that the hybrid fixed-income market would enhance liquidity in the capital markets by increasing pre-trade transparency and providing multiple avenues for trade execution.

Mbadi also highlighted the launch of a real-time daily yield curve, which incorporates both the activities of the Quotations Board and executed trades, noting it will serve as a key indicator of market sentiment, guiding investment strategies.