Nairobi bourse feels the heat of dollar scarcity as global economic shocks hit

Factory.

Manufacturers have warned that scarcity of US dollars in Kenya’s forex market will increase the cost of products. PHOTO | FILE

Nairobi Securities Exchange (NSE) has found itself in a crisis attributed to scarcity of US dollars in the forex market.

The EastAfrican has learnt that the bourse managers are concerned with the drop in supply of the US currency with fears that it could hit foreigners who control more than 50 percent of the daily trading activity on the stockmarket.