Homeboyz entertainment, a family owned Entertainment Company has become the latest entrant into the Nairobi Securities Exchange’s (NSE) incubation programme, Ibuka. The 10-month programme aims at preparing admitted firms for future listing.
The listing comes after the entertainment company’s books were cross-examined by NSE consultant handling several applications from various local companies which are seeking to go public to raise funds for expansion as well as tap new expertise from investors to strengthen their development.
NSE Chief Executive Geoffrey Odundo, noted that Homeboyz entertainment is a high-growth company with a robust growth strategy.
“Homebody become the first entertainment company to join the program that is hosting high growth companies in Kenya and is a testament of the company’s growth prospects and solid strategy as companies in the program have undergone a rigorous vetting and evaluation,” he said.
This latest listing brings to 10 the total number of companies enrolled in the programme. Last week financial firm Nyali Capital became the ninth firm to be admitted into the exchange.