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Kenya’s stock market has suffered steepest losses in the world: an expert view on why and how to reverse it

By Odongo Kodongo, Associate professor, Finance, University of the Witwatersrand

Kenya’s stock market recently suffered steep losses, making it the worst performing globally. The weak performance has persisted: the Nairobi Securities Exchange 20-share index stood at about 1420 on 10 November 2023, having fallen from 1509 on 29 September 2023, a drop of 6% over the six-week period. In better days, the index has

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