Rigid shilling takes the shine off Kenya’s financial markets

BD GRAPHC

Kenya’s monetary policy is back in the spotlight after a new report showed that the country’s foreign investment attraction ranking had stagnated comparative to its East Africa peers amid concern about rigidity in currency movement.

The Absa Africa Financial Markets Index (AFMI) 2019 showed that Kenya retained positioned three with a score of 65 out of 100 points, placing it below leader South Africa and second placed Mauritius, which added 13 points to hit 75 points.

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Note: The results are not exact but very close to the actual.