About one-quarter of the firms listed on the Nairobi Securities Exchange (NSE) board are facing financial constraints, which may require fresh capital to sustain operations and dividend payment to shareholders.
The worrying state of affairs demonstrates the extent of the battering that listed firms have borne in the hands of the ongoing economic crisis and the investors seemingly lack of interest in stocks as a result of depleted disposable incomes and the emergency of alternative investment options such as real estate and private equity.
