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NSE beat African exchanges in 2024 dollar returns
Securities traders at the NSE. Capital markets players, particularly stock exchanges and regulators, are critical in driving the global shift towards sustainability.
The Nairobi Securities Exchange (NSE) outperformed peer African markets in dollar denominated returns in 2024, helped by the strengthening of the shilling against the US currency at a time when other African currencies depreciated.
A review of the 10 African stock markets covered by the Morgan Stanley Capital International (MSCI) emerging and frontier market indices shows that the NSE led with a return of 65.3 percent, well ahead of Côte d'Ivoire (34.9 percent), Mauritius (26.3 percent), Senegal (25.1 percent) and Morocco (16.2 percent).
