The trading floor of the Nairobi Securities Exchange. The collapse of yet another Nairobi Securities Exchange-listed company has spooked investors in East Africa’s stock markets, raising fears of possible cross-border contagion. PHOTO | FILE | NATION MEDIA GROUP
The collapse of yet another Nairobi Securities Exchange-listed company has spooked investors in East Africa’s stock markets, raising fears of possible cross-border contagion.
Mumias Sugar Company, for many decades Kenya’s biggest miller, was placed under statutory management last week for defaulting on debts estimated at more than Ksh12.5 billion ($125 million).
