Kenya’s stock market has suffered steepest losses in the world: an expert view on why and how to reverse it

Kenya’s stock market has suffered steepest losses in the world: an expert view on why and how to reverse it

Kenya’s stock market recently suffered steep losses, making it the worst performing globally. The weak performance has persisted: the Nairobi Securities Exchange 20-share index stood at about 1420 on 10 November 2023, having fallen from 1509 on 29 September 2023, a drop of 6% over the six-week period. In better days, the index has risen above the psychological 5000 mark: for example, it was 5491 on 23 February 2015. The stock market matters for…