The Morgan Stanley Capital International (MSCI), an international trading indices firm, has barred new Kenyan companies from joining its global stock market platform, citing dollar shortages and financial turbulence facing Kenya in the latest blow to local firms seeking to sell shares to foreign investors.
The American investment advisory firm whose analysis influences major decisions by the global investment community looking at investing in African frontier markets has also extended its August 2022 decision to stop carrying out periodic reviews of the dollar denominated MSCI Kenya Index, a decision that will also affect Bangladesh, Egypt and Nigeria.
