Financial Products
An Exchange Traded Fund tracking the NSE Banking Sector Index, designed to give investors exposure to Kenya's listed banking sector through a single security. It will be the first ETF created and domiciled in Kenya. It is approved by the Capital Markets Authority and has received conditional approval from the Nairobi Securities Exchange. It is not yet listed and cannot be traded, and the Exchange will confirm the listing date once the remaining requirements are met.
What the fund is
The WSA Banking ETF is a passively managed fund built to track the Nairobi Securities Exchange Banking Sector Index. Rather than selecting individual bank shares, a single unit of the fund is designed to give proportional exposure to the listed banks that make up the index.
Wall Street Africa is the issuer. The fund is managed in partnership with Tradiam Asset Managers Ltd. The Capital Markets Authority approved the fund by letter dated 23 July 2026, and the Nairobi Securities Exchange granted conditional approval for listing and admission to trading on the Main Investment Market Segment on 9 September 2026. Read the announcement of the NSE approval.
The index it tracks
The NSE Banking Sector Index represents the banks listed on the Nairobi Securities Exchange. It gives a single reference point for how the listed banking sector is performing, in place of tracking each bank separately.
Why locally domiciled matters
Existing ETF options available to Kenyan investors are domiciled outside the country. A locally domiciled fund is established and regulated in Kenya, under the Capital Markets Authority, and denominated in shillings. For a Kenyan investor that removes the currency conversion and offshore custody arrangements that offshore funds require.
Timeline
| Date | Milestone |
|---|---|
| 23 July 2026 | Capital Markets Authority approval granted, by letter |
| 11 August 2026 | Capital Markets Authority approval announced |
| 9 September 2026 | Nairobi Securities Exchange conditional approval for listing and admission to trading |
| To be confirmed | Listing on the Nairobi Securities Exchange, once the remaining listing and operational requirements are complete |
The twelve constituents
The NSE Banking Sector Index is made up of the following twelve listed banks, shown by market capitalisation as at the close of 7 September 2026.
| Bank | Market capitalisation |
|---|---|
| Equity Group Holdings | KSh 398.12 Bn |
| KCB Group | KSh 316.53 Bn |
| Co-operative Bank of Kenya | KSh 223.83 Bn |
| Absa Bank Kenya | KSh 189.83 Bn |
| NCBA Group | KSh 151.98 Bn |
| I&M Group | KSh 142.69 Bn |
| Standard Chartered Bank Kenya | KSh 130.55 Bn |
| Stanbic Holdings | KSh ~110.3 Bn |
| BK Group | KSh 60.68 Bn |
| Diamond Trust Bank Kenya | KSh 53.68 Bn |
| Family Bank | KSh 50.30 Bn |
| HF Group | KSh 24.51 Bn |
Questions
What is the WSA Banking ETF?
It is an Exchange Traded Fund that tracks the NSE Banking Sector Index. It is designed so that one unit gives proportional exposure to the listed banks in that index, in place of holding each bank's shares separately.
Is it Kenya's first ETF?
It will be the first ETF created and domiciled in Kenya. Other ETFs are available to Kenyan investors, but they are domiciled outside the country.
When will the WSA Banking ETF be available?
The Capital Markets Authority approved the fund by letter dated 23 July 2026, announced on 11 August 2026, and the Nairobi Securities Exchange granted conditional approval for listing and admission to trading on 9 September 2026. Final admission remains subject to completion of the remaining listing and operational requirements, and the Exchange will confirm the listing date. It is not listed and cannot be traded before then.
Which banks does the WSA Banking ETF cover?
The twelve banks that make up the NSE Banking Sector Index.
Who manages the WSA Banking ETF?
Wall Street Africa is the issuer. The fund is managed in partnership with Tradiam Asset Managers Ltd.
This page is for information only. It is not investment advice, and it is not an offer or a solicitation to buy or sell any security. The WSA Banking ETF is approved but not yet listed, and nothing here should be read as an invitation to invest. See our Terms of Use.