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On August 11, 2026, the Capital Markets Authority (CMA) approved the listing of the WSA Banking Index Exchange Traded Fund (ETF) on the Nairobi Securities Exchange (NSE). The CMA Board granted approval in line with the Capital Markets Policy Guidance Note on Exchange Traded Funds, 2015. This approval brings the total number of ETFs listed on the NSE to three. The WSA Banking Index ETF is the first locally-domiciled ETF and is issued by Wallstreet Africa Group Limited in partnership with Tradiam Asset Managers Limited, which serves as the Fund Manager. The ETF provides investors with exposure to a diversified portfolio of listed banking sector equities and seeks to replicate the performance of the NSE Banking Index by investing in constituent banking sector shares. The underlying index comprises 11 listed banks: Equity Group, KCB Group, Co-operative Bank, Absa Bank Kenya, NCBA Group, Standard Chartered Bank Kenya, Stanbic Holdings, I&M Group, Diamond Trust Bank, HF Group, and BK Group. The ETF is structured as an open-ended scheme with units listed and traded on the NSE. Denominated in Kenya Shillings, the ETF eliminates foreign exchange risk exposure for investors. The value of ETF units will fluctuate based on changes in the market value of underlying banking sector shares and factors including equity market volatility, interest rate movements, changes in constituent bank operating performance, regulatory developments, and macroeconomic conditions. CMA Chief Executive Wyckliffe Shamiah said the ETF rollout aligns with the Authority's ambition to facilitate innovative capital market products, addressing growing investor demand for diversified investment options and deepening the capital markets through an expanded scope of products. Secondary market liquidity will be supported by appointed Market Makers or Authorised Participants, who facilitate ETF unit creation and redemption while maintaining orderly trading.