Africa News: Nairobi Stocks Face More Headwinds From Bank Earnings Drop

A man looks out at the city skyline in Nairobi, Kenya.

Photographer: Trevor Snapp/Bloomberg

Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter

There is no recovery in sight yet for Africa’s worst-performing stock market as investors look to bank earnings this month to assess how hard the coronavirus pandemic hit Kenyan lenders.

Net foreign-investor outflows and reduced dollar earnings led the Nairobi Securities…

Source link

About Author: ACM
This information is 3rd party content that is added to ACM strictly for non-commercial informational purposes. Information is the Key to Set the Black Mind Free