This Wednesday, July 16, 2025, the Nairobi Securities Exchange (NSE) will reach a new milestone with the listing of the Satrix MSCI World Feeder ETF. This marks Kenya’s first-ever equity-based exchange-traded fund and only the second ETF on the local market.
The fund is managed by Satrix, South Africa’s leading provider of index-tracking investment solutions and a subsidiary of the Sanlam Group. Through the ETF, Kenyan investors will gain convenient, local-currency access to more than 1,300 large- and mid-cap companies across 23 developed markets, by investing in the iShares Core MSCI World UCITS ETF.
With an initial offering of 6 million units, the fund will trade in Kenyan shillings, carry a total expense ratio of 0.35% per year, and reinvest income rather than distribute dividends. At launch, its value is estimated at around KES 72.8 billion (roughly R18.2 billion).
Importantly, this ETF removes the usual hurdles of offshore investing, no foreign exchange approvals or cross-border processes are needed. It’s a key step in broadening investment access for local investors and forms part of Satrix’s wider strategy to expand across African markets, following its earlier entry into Namibia.
The listing reflects a growing appetite for diversified investment products in the region, and signals Nairobi’s ambition to position itself as a gateway to global capital markets.
