Foreign investors buy up majority shares at NSE.

Foreign investors are taking up majority of the shares at the NSE, a new report shows. They have bought up shares worth about kshs.650 billion shillings. This happened mostly as local investors sold off their shares, fearing that a post election violence could occur and lead to huge losses. Among those who have liquidated their shares include industrialist Chris Kirubi, who exited from Kenya Power
after selling nearly 250 million shillings worth of shares. Outside the NSE, foreign companies are also buying or investing in Kenyan companies, citing ‘improved business climate and political stability’ as the reason.

Posted in: Business News