Foreign investor participation at the Nairobi Securities Exchange (NSE) plunged steadily to a record low of 30.1 percent in March, trading shares worth Ksh19.5 billion ($143.49 million) and leaving the bourse to rely on domestic investors who have less purchasing power.
The foreigners, who accounted for 81.6 percent of market activity in January 2019 when their trades stood at Ksh26.4 billion ($194.26 million), have been fleeing the NSE on the back of rising interest rates in the developed economies.
