Satrix Expands its African Footprint into Kenya

Satrix will expand its offering into another African market, selecting the Nairobi Securities Exchange (NSE) as the platform for the secondary listing of the Satrix MSCI World ETF, a JSE-listed exchange traded fund (ETF), with the Kenyan listing on Wednesday, 16 July 2025.

The Satrix MSCI World ETF has been listed on the Johannesburg Stock Exchange (JSE) since 2017, and it will dual list on the Nairobi Securities Exchange (NSE), denominated in Kenyan shillings (KES).  

The expansion of Satrix offerings into Kenya will contribute significantly to the development of capital markets in the country, providing local investors with a more diversified array of investment options. This dual-listed ETF is expected to be pivotal in globalising the NSE and increasing its exposure to international markets. We look forward to working closely with the market participants.  

Commenting on the development, Mr. Frank Mwiti, Chief Executive, NSE noted “The NSE, aligning with its strategic vision to deepen market depth, enhance liquidity, and expand investment choices for local investors, sees this listing by Satrix as a key step in internationalising the Exchange. The Satrix MSCI World ETF is poised to be a valuable addition to the NSE's existing ETF offering, fostering the deepening of capital markets and expanding investment opportunities for local investors.”

Duma Mxenge, Head of Business and Market Development at Satrix says, “We anticipate this expansion of Satrix offerings into Kenya will significantly contribute to the development of capital markets in the country, providing local investors with a more diversified array of investment options. Furthermore, we are pleased that the dual-listed ETF is expected to play a pivotal role in globalising the NSE and increasing its exposure to international markets.”

Fikile Mbhokota, Chief Executive Officer of Satrix says, “Further expansion into Africa continues to bring our strategic plan to fruition. We are excited about our product expansion into Kenya and look forward to working closely with the market participants as we continue to develop our pan-African product listings. We believe this offering will give Kenyan institutional investors a cost-effective way to help diversify their portfolios by gaining exposure to world equity markets.”

Key Dates

How to access the ETF
NSE Member Stockbrokers.

Download the New Listing Sheet.

*Satrix is a division of Sanlam Investment Management.

Disclaimer:

Satrix Managers (RF) (Pty) Ltd (Satrix) is a registered and approved Manager in Collective Investment Schemes in Securities and an authorised financial services provider in terms of the FAIS. Collective investment schemes are generally medium- to long-term investments. With Unit Trusts and ETFs, the investor essentially owns a “proportionate share” (in proportion to the participatory interest held in the fund) of the underlying investments held by the fund. With Unit Trusts, the investor holds participatory units issued by the fund while in the case of an ETF, the participatory interest, while issued by the fund, comprises a listed security traded on the stock exchange. ETFs are index tracking funds, registered as a Collective Investment and can be traded by any stockbroker on the stock exchange or via Investment Plans and online trading platforms. An ETF may incur additional costs due to it being listed on the JSE. Past performance is not necessarily a guide to future performance and the value of investments / units may go up or down. A schedule of fees and charges, and maximum commissions are available on the Minimum Disclosure Document or upon request from the Manager. Collective investments are traded at ruling prices and can engage in borrowing and scrip lending. Should the respective portfolio engage in scrip lending, the utility percentage and related counterparties can be viewed on the ETF Minimum Disclosure Document. The Manager does not provide any guarantee either with respect to the capital or the return of a portfolio. A feeder fund is a portfolio that invests in a single portfolio of a collective investment scheme, which levies its own charges and which could result in a higher fee structure for the feeder fund. The manager has the right to close the portfolio to new investors in order to manager it more efficiently in accordance with its mandate. The fund will hold foreign assets and could be exposed to the following risks regarding potential constraints on liquidity and the repatriation of funds, macroeconomic, political, foreign exchange, tax risks, settlement risks and potential limitations on the availability of market information. The index, the applicable tracking error and the portfolio performance relative to the index can be viewed on the ETF Minimum Disclosure Document and/ or on the Satrix website.