Mombasa based Myspace Properties Limited is the first property company to join the Ibuka program. Its admission to the Incubator Board upscales the total number of enterprises on the program to 5.
Nairobi Securities Exchange (NSE) Chief Executive Geoffrey Odundo believes the new status will present Myspace Properties Limited with opportunities to accelerate its growth in the regional market.
Speaking at the admission ceremony, Mr. Odundo said: “I am delighted that we have admitted the first property company onto the Ibuka Program. This is a good opportunity for the organization and it is yet to open more doors placing Myspace properties limited in a good place.”
Myspace Properties Limited banks on the Ibuka program to inculcate improved corporation, develop capabilities to access capital markets and gain a roadmap to long term corporate sustainability.
Mwenda Thuranira, Myspace Properties (Kenya) Limited’s CEO said Ibuka program’s model will boost business to their next phase of growth.
Myspace Properties Limited focuses on Property Development, Project Management, Real Estate and Land Agents, Buying and Selling Property and Property Management Agency besides serving as a Real Estate marketing platform.
For member companies, NSE’s Ibuka program promises; high level of visibility, enhanced brand recognition and increased business opportunities, assistance in inculcating improved corporatization, assistance in developing capital markets access capabilities, access to a one-stop-shop of advisory services, roadmap to higher and long-term corporate sustainability and enhancing optimal stakeholder value among other benefits.