Nearly half of international fund managers and investment bankers see Kenya as a top frontier investment market only second to Nigeria in Africa.A survey of 158 international investors conducted by the Economist Intelligence Unit (EUI) showed that 76 of them believed that Kenya offered the best prospects for institutional investors over the next five years, compared to 81 per cent who said Nigeria was better.
The survey is set to attract renewed international investor interest critical to faster growth of the economy and recovery of the stock market, especially coming in the wake of massive sell offs last year when equities shed 28 per cent of their aggregate value.
Shares of KCB, Equity Bank and Safaricom have been highly sought-after by international investors, who account for over two-thirds of turnover at the NSE on average.
Results of the poll indicate that foreign investors could troop back in bigger numbers to the NSE to lift its overall performance as prospects in the US and Europe remain depressed.
Source: Business Daily Africa
The survey is set to attract renewed international investor interest critical to faster growth of the economy and recovery of the stock market, especially coming in the wake of massive sell offs last year when equities shed 28 per cent of their aggregate value.
Shares of KCB, Equity Bank and Safaricom have been highly sought-after by international investors, who account for over two-thirds of turnover at the NSE on average.
Results of the poll indicate that foreign investors could troop back in bigger numbers to the NSE to lift its overall performance as prospects in the US and Europe remain depressed.
Source: Business Daily Africa