Kenya trails Africa peers on dollar returns in first half of 2023
Capital Markets Authority (CMA) CEO Wycliffe Shamiah during the Capital Markets Soundness Report media briefing at the authority's offices on January 30, 2023. PHOTO | DIANA NGILA | NMG
The equities market in Kenya posted the worst dollar-denominated returns for investors in the opening half of the year in contrast to peers.
The returns in six months to June as per data from Morgan Stanley Capital International Index (MSCI) show the market posted paper losses of 30.9 percent in contrast to losses of 24.3 percent for Nigeria and a contraction of 20.7 percent in Zimbabwe.
