CareEdge Global and Nairobi Securities Exchange Forge Strategic Alliance to Drive Financial Market Development in Africa
CareEdge Global IFSC Limited, a wholly owned subsidiary of CareEdge Ratings and a key player in comprehensive global credit benchmarking, has signed a Memorandum of Understanding (MoU) with the Nairobi Securities Exchange (NSE), marking the beginning of a strategic partnership aimed at fostering knowledge exchange, capacity building, and joint thought leadership in the financial ecosystem.
Under the terms of the MoU, CareEdge Global will serve as a Knowledge Partner, Rating Partner, and Strategic Collaborator for the Nairobi Securities Exchange. This partnership is designed to facilitate sectoral insights, joint events, expert panels, training initiatives, and participation in international delegations.
On this occasion, Mr Mehul Pandya, Managing Director & Group CEO of CareEdge, said, "This collaboration marks a significant milestone in our global outreach. By partnering with the Nairobi Securities Exchange, we aim to leverage our analytical expertise and sectoral insights to support the growth of African capital markets. Together, we will foster financial innovation and build resilient market structures.”
"Our partnership with CareEdge Global IFSC Ltd is a timely step toward strengthening our information infrastructure and broadening investor confidence. Their deep industry knowledge and global perspective will be instrumental in enhancing our market capabilities. This alliance is a step forward in our mission to position Nairobi as a leading financial hub in Africa," said Mr Frank Lloyd Mwiti, CEO, Nairobi Securities Exchange.
Added, Ms Revati Kasture, CEO, CareEdge Global IFSC Ltd, "This MoU is not just about information exchange; it is actually empowering financial institutions through strategic thought leadership, mutual learning, and shared value creation. We’re proud to partner with Nairobi Securities Exchange in setting new standards for knowledge-led growth."
To this, Mr Saurav Chatterjee, Director & CEO, CareEdge Ratings Africa Pvt Ltd, added, “As we deepen our Africa footprint, this collaboration marks a strategic turning point. The partnership with Nairobi Securities Exchange opens new opportunities for analytics-driven development and supports Africa’s aspirations toward financial inclusion and capital market reform."
"Forging alliances such as this one with Nairobi Securities Exchange demonstrates CareEdge’s long-term vision for global cooperation. We’re committed to amplifying meaningful engagement through data, dialogue, and development," said Mr Aakash Jain, Head – Corporate Affairs & Strategic Business Partnerships, CareEdge Ratings Ltd.
Mr David Wainaina, Head of Trading, Data & Analytics, Nairobi Securities Exchange, said, “The collaboration with CareEdge will play a vital role in enriching our analytics ecosystem. This partnership lays the groundwork for smarter trading, informed investing, and robust financial infrastructure."
The MoU underscores the mutual commitment to enhancing capital market transparency and deepening regional financial integration between India and Africa. The collaboration will also include co-authored publications, policy-oriented dialogues, and the development of research-based frameworks to support economic growth and development in the region.
The agreement was signed by Mr Aakash Jain from CareEdge, and Mr Frank Lloyd Mwiti, CEO of the Nairobi Securities Exchange, in the presence of Mr Saurav Chatterjee, Mr Vidhyasagar of CareEdge Ratings Africa, and Mr David Wainaina, Head of Trading, Data & Analytics at NSE.
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