Political risks, regulatory changes and macroeconomic environment instability stifled growth in East Africa’s stock exchanges in the six months to June 30, 2017, leading to a decline in the market value of shares held by investors.
Elections in Kenya and Rwanda, interest rate caps in Kenya, and the Tanzanian government’s enforcement of laws requiring telecommunications and mining firms to offload 25 per cent and 30 per cent of their shareholding, respectively, to locals, impacted the performance of the regional stock markets.
