Foreigners slow down NSE exits ahead of US rate cut

The Nairobi Securities Exchange (NSE) trading floor.

Photo credit: File | Nation Media Group

Offshore investors have significantly slowed down their exit from the Nairobi Security (NSE), selling off a narrower Sh1.6 million worth of shares in August.

The reduced foreigners’ selloff last month contrasts with wider sales of Sh531 million in July at the height of countrywide protests against new taxation measures in the shelved Finance Bill 2024 and subsequent credit rating downgrades on Kenya.

PAYE Tax Calculator

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