See Navigating Africa’s disparate markets.
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Kenya Name: Nairobi Securities Exchange Established: 1954 Market cap: $24.1 billion (FY’13) |
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The banking sector in Kenya dominates the securities exchange, with stalwarts such as Kenya Commercial Bank (KCB) and Equity Bank among the most popular stocks. “Kenyan banks are more expensive than their Nigerian counterparts,” says Brian Mugabe, head of research for Africa ex-South Africa at Imara. “Generally speaking, they are more mature, more stable, and earnings potential is high. Moreover, there are fewer options to buy there, so prices for good stocks including KCB and Equity Bank are pushed up. | |
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