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Capital markets watchdog blows whistle on foreign equity outflows at Nairobi bourse

Nairobi Securities Exchange

There has been a drop in foreign investors at the Nairobi Securities Exchange as more capital shifted abroad. PHOTO | FILE 

By  Vincent Owino

Business and Technology Reporter in Nairobi, Kenya

Nation Media Group

The Nairobi Securities Exchange registered a net foreign equity outflow of $44 million in the last quarter of 2021 from $8.2 million in the previous quarter, warranting a "high" risk level rating by the Capital Markets Authority (CMA), in the Capital Market Soundness Report Q4 2021 released on Monday.

The CMA attributed this development to the interruption caused by the announcement of the Omicron variant last November.

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