Foreign investors at the Nairobi Securities Exchange (NSE) cut the number of shares they hold at the bourse by 360 million in the nine months to September, reflecting the sustained flight of capital from emerging economies to the West in the period.
The Capital Markets Authority in its market soundness report for the third quarter shows that foreign individual and institutional investors held 16.84 billion shares at the bourse at the end of September, down from 17.2 billion at the beginning of January.
