US investors raise Kenya portfolio holdings for first time in 5 years

American investors raised their portfolio holdings in Kenya for the first time in five years in 2024, lured by high interest rates and attractive yields on the Nairobi stock market.

Investments in equities and debt securities by United States’ investors rose by $3 million (Sh388.5 million) from $1.371 billion (Sh177.5 billion) in 2023 to $1.374 billion (Sh177.9 billion) last year, according to a survey by the US Department of Treasury and the Federal Reserve Board.