Thursday, May 26, 2022 UTC
Recognized by industry leaders for extensive coverage on African Asset Management
Analysis > Markets

Kenya: Taking over the crown

Cornelis Vlooswijk, Portfolio Manager, EM, Robeco
June 9, 2016, midnight
187

Word count: 1041

For a very long time Nigeria has been the dominant stock market in Sub-Saharan Africa excluding South Africa. This was mostly because of its sheer size and depth of the market. However as limitations on USD expatriation reduce investor appetite for Nigeria, more and more investors are lured to Kenya, a country that never had the luxury of easy oil revenues. Nigeria’s total market capitalization is still much bigger. However, with international investors refusing to trade in Nigeria until its currency is devalued it may be only a matter of time before Kenya will become the most traded Sub-Saharan Africa market after South Africa. 

Choose ONE Magazine and TWO Articles for FREE when you register an account
Share:
Registration Login
Sign in with social account
or
Lost your Password?
Registration Login
Sign in with social account
or
Registration Login
Registration