Expression of Interest For Developing The Nairobi Securities Exchange Gender Equality Index in Kenya

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Expression of Interest for Developing the Nairobi Securities Exchange Gender Equality Index The Nairobi Securities Exchange (NSE), in partnership with the International Finance Corporation (IFC), seeks to develop a comprehensive Gender Equality Index for NSE-listed companies. This initiative is anchored in both institutions commitment to Sustainable Development Goal 5 on gender equality and forms part of IFCs broader Womens Economic Inclusion Program in Kenya. Kenyas corporate leadership landscape reflects meaningful but insufficient progress on gender diversity. Women occupy 27.7% of board seats and 39% of C-suite positions among NSE-listed companies, falling short of the one-third board representation target set for 2027. Gender metrics remain inconsistently tracked, and public reporting on pay equity, promotion rates, and attrition disaggregated by gender is limited across the market. There is a clear need for a standardized, market-based mechanism that creates transparency, drives accountability, and incentivizes private sector action on gender equality. The NSE Gender Equality Index will serve as that mechanism a financial index that evaluates, benchmarks, and monitors gender diversity and inclusion among NSE-listed companies, and that positions Kenyas capital markets as a credible destination for gender-lens and ESG-aligned investment. Tender Link : https://wbgeprocure-rfxnow.worldbank.org/rfxnow/public/advertisement/6771/view.html

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