Does it matter? Does that make the business fraudulent?

All of these fellows are potential candidates.
http://www.eastafricatop....com/top-100-companies/

GEMS provides both an exit avenue not to mention capital for expansion for investors in these SME's. If everything goes to plan, I reckon in 5 to 10 years GEMS will have more companies listed (read greater yielding investment opportunities for NSE investors) than at the Main Segment. Kudos CMA.

murchr, don't have figures but I think Devki and MRM are big companies and would not be candidates for listing at the GEMS. The Main Market Segment, I would imagine. Though their listing would definitely be a tantalising prospect for the NSE, I think these are one of those tightly held companies MAYBE not even intent on listing.
http://www.mabati.com/
http://devkigroupke.com/
http://investing.busines....asp?privcapid=36767793

KRA commissioner-general John Njiraini said on Wednesday the authority is implementing third-party data mining and physical mapping of small businesses across the country. The country has around nine million small and medium- sized enterprises (SMEs).
Eish!