The Nairobi Securities Exchange (NSE) posted the highest returns among African bourses in dollar terms in the first half of the year, buoyed by a stronger shilling and higher blue chip share prices that saw investor wealth at the market rise by Sh291 billion in the period.
The appreciation of the shilling by 21.74 percent against the dollar this year has handed foreign investors extra returns on top of the capital gains enjoyed on blue chip stocks at the NSE, helping them beat other markets where currencies have not performed as well against the greenback.
