New York-based Morgan Stanley Capital International (MSCI) Inc has added two more Kenyan listed firms to its frontier markets indices, offering a big boost to the Nairobi Securities Exchange (NSE), which is looking for ways to maintain a growth momentum launched in 2024 after five consecutive years of decline.
The global, finance, research and investment advisory firm has, in its latest index review for global markets, added Standard Chartered Bank Kenya to its frontier markets index, joining Cooperative Bank, Safaricom, Equity Group, East African Breweries Ltd (EABL) and KCB Group.
