Kenya’s stock market has become increasingly profitable for foreign investors, with the annualised dollar-adjusted return on the 15 largest companies rising to 29.5 per cent from 7.1 per cent three months ago.
The latest African Alliance analysis of African bourses shows the dollar return on the FTSE NSE 15 index — which tracks the 15 largest listed firms by market capitalisation — is higher than that of the NSE #ticker:NSE peer bourses of Nigeria (19.7 per cent), Morocco (13 per cent) and Tunisia (9.4 per cent).
