Technology firm Copy Cat is considering listing on the Nairobi Securities Exchange (NSE) to spread ownership to other Kenyans. Newly-appointed managing director Vishal Patel said the company board would sit and deliberate on the proposal by ICT Cabinet secretary Joe Mucheru during Copy Cat’s 30th anniversary celebrations in Nairobi.
Mucheru said ICT companies are growing fast and transforming Kenya’s economy and should, thus, spread ownership to the public. “Listing will also allow Copy Cat to discover its worth and its owners to unlock the value of their investment,” he said.
The CS said the management should give Kenyans a chance to share in the success of the company, which started operations in 1985 as an office machines vendor but has transformed into a full-fledged ICT company providing both hardware and software solutions.
He said ICT companies are primed for growth, noting that studies show 70 per cent of the skills that will be required in the labour market will be technology-based.