Kenyan bank stocks were hit hard by the new cap on interest rates, but the resulting selloff left most priced for attractive long-term returns.
Over the past decade, Kenya has pioneered the convergence of financial services and mobile telephony. And Nairobi-based KCB is now beginning to reap the benefits.
African stocks have fallen off many speculators’ radar screens. But there are bright spots in the gloom that shrouds the continent’s stock markets, and I believe the Nairobi Securities Exchange (NSE) will soon be one of them. Here are a few reasons to be bullish.
The Nairobi Securities Exchange had a tough go of it in 2015, but investors have reaped exceptional rewards from long-term investments in stocks ranging from banking to agriculture. Here’s a countdown of the top Kenyan stocks over the past 10 years.
This is a guest contribution from Simon Maina. KenolKobil is a leading oil distributor and marketer of petroleum and other associated products (e.g. petrol stations) in East Africa. Of late, it has also extended its footprint into Southern Africa with Zambia being its most recent investment. I find shares of the company particularly attractive because […]