Nairobi, Feb. 5 -- Africa Eats, a venture capital (VC) firm financing African companies in the agriculture value chain, is set to list an exchange-traded fund (ETF) on the Nairobi Securities Exchange in a quest to raise funding from local investors.

The VC fund, which is listed in Mauritius, says it is waiting for the approval of the Capital Markets Authority (CMA) before bringing the ETF to market and will comprise the investment vehicle and its portfolio companies.

An ETF is defined as a listed investment product which tracks the performance of a particular index or a basket of shares, bonds, money market instruments or a single commodity. ETFs are traded on an exchange just like an ordinary share, with prices being determined by dema...