Browsing: EA 15

The East Africa 15 (EA15) highlights on 15 of the most traded and highly capitalized stocks in the region on a monthly basis. The primary purpose of the EA15 is to give investors a description and perspective of the regional stock markets’ performance.

Kenya: Nairobi Securities Exchange (NSE)

The monetary policy committee reviewed the Central Bank Rate downward to 8.25% extending the loose monetary stance. The decision was on the back of a stable shilling, inflation remaining within target and improving private sector credit growth- which expanded by 7.1% in the year to December.

Adequate CBK foreign exchange reserve has helped the Kenya shilling to weather short-term shocks against major world currencies. To the US dollar, the shilling averaged lower by 0.74% to Kes100.6 compared to last month with highs of Kes100.4 recorded.

Liquidity improved month-on-month as interbank averaged at 4.4% compared to 4.9%. Short-term debt rates were relatively stable …

The East Africa 15 (EA15) highlights on 15 of the most traded and highly capitalized stocks in the region on a monthly basis. The primary purpose of the EA15 is to give investors a description and perspective of the regional stock markets’ performance.

EAC countries’ economies had a turbulent time in 2019 characterized by rising public debt against missed revenue targets,slow private sector growth and under-par performance of traditional key sectors of the economy such as tourism, agriculture and manufacturing. Further, regional trade which was earmarked as crucial to economic development has been marred by trade spatssuch as protectionism resulting in a decline involume and value of intra-regional trade.

The region is looking to maintain a loose monetary stance to boost private sector growth and more importantly,resolve disputes in order to intensify regional trade. Despite the tough economic environment, the region’s GDP is projected to grow the fastest in sub-Saharan …