BANGI, Inc. (OTC Pink:BNGI), a diversified investment vehicle that acquires and leases specialized real estate assets in the cannabis, hemp and CBD industries, announced that its Board of Directors has approved an initiative to cross list its common stock as Depositary Receipts on the Nairobi Securities Exchange (NSE), the leading stock exchange in Kenya, one of the fastest-growing economies in Sub-Saharan Africa. A dual listing in Africa would be a natural step for the Company considering its corporate name, “BANGI” means “marijuana” or “hemp” in Swahili, one of the most spoken languages in Africa.

The huge stake held by the government in National Bank of Kenya (NBK) will see the lender delisted from the Nairobi Securities Exchange (NSE) without holding a meeting to seek shareholder approval ahead of its buyout by KCB Group.

The first Derivatives Market in East Africa and number two in Africa has started trading at the Nairobi Securities Exchange. The derivatives market will enable investors to diversify their investments, manage risk, and deploy funds more efficiently. Besides the many benefits to traders, the platform will position Kenya as a leading financial hub and therefore attract additional international investors.

After several years of preparation, the Nairobi Derivatives market will begin to operate on 4th July. NSE received the license to operate from the market regulators; CMA and the Central Bank of Kenya. It will be the number two derivatives market in Sub-Saharan Africa after the Johannesburg market.