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African markets rebound on inflows of foreign capital
A Nairobi Securities Exchange worker on the trading floor. The NSE All-Share Index has gained 10 per cent since the beginning of the year, behind Egypt’s EGX100 — which is up 12.8 per cent — and ahead of other second tier peer bourses. Photo/Salaton Njau
African stock markets have been on a rebound over the past two months boosted by a return of foreign capital inflows especially from Europe.
The African markets were among the worst hit by the easing of the US Federal Reserve’s stimulus programme but the capital outflows are reversing after the European Union instituted measures of its own to stimulate growth.
