The market’s all-share index dropped 16% in first half of 2023
Custodians clear offshore investors backlog orders for dollars
The head of Kenya’s stock exchange expects easier access to dollars to boost foreign interest in the nation and help the world’s worst-performing stock market recover in the second half of the year.
“We came off a very difficult past especially on access to dollars at some point,” Nairobi Securities Exchange Chief Executive Officer Geoffrey Odundo said in an interview with Bloomberg. “Investors were having a challenge accessing dollars to repatriate back, and that was causing a bit of a stressful moment.”