The Nairobi Securities Exchange (NSE) wound up 2023 at a fourth straight year of net foreign outflows, weighed down by attractive returns in other asset classes and external developed markets.
NSE data shows that in the 11 months to November 2023, foreigners had withdrawn a net of Sh20.04 billion from the bourse, taking the cumulative net sales since the beginning of 2020 to Sh83.3 billion. The last year the market recorded a net inflow position was in 2019, at Sh1.32 billion.
