OREANDA-NEWS. August 22, 2007. Renaissance Capital (Kenya) Limited has been announced as the winner of the tender for the purchase of a coveted seat on the Nairobi Stock Exchange (“NSE”). The NSE received three bids, which it evaluated in consultation with the Capital Markets Authority (“CMA”) before announcing Renaissance as the winner.

Welcoming the announcement, Neil Harvey, CEO of Renaissance Group Africa and Global Deputy CEO of Renaissance Capital, said: "This is a very exciting development for us and we would like to thank both the NSE and CMA. This significant result, coupled with the recently awarded Investment Banking license, allows us to continue the execution of our local strategy for Kenya as a hub for our Eastern, Central and Southern African franchise."

Amish Gupta, CEO of Renaissance Capital Kenya Limited (RCKL), said: "Renaissance Capital will add considerable long term value to the Nairobi Stock Exchange and the Kenyan and regional capital markets, and we look forward to creating partnerships for further development of those markets."