The first half of 2024 has been a standout period for Kenya’s financial markets. The Kenya Shilling and the Nairobi Securities Exchange (NSE) have outperformed global peers, with the shilling surging by 17.2% and the NSE posting a remarkable 50.4% growth in dollar returns. This impressive performance is attributed to a robust stock market rally and increased foreign investor participation.
In the real estate sector, Kenya’s market has shown promising signs across various segments, including retail, office, residential, hotel, tourism, industrial, and institutional properties. The economic performance has been a key driver, with the government’s strategic moves, such as the Eurobond buyback, playing a significant role in stabilizing the financial environment.
Overall, the first half of 2024 paints a positive picture for Kenya’s financial and real estate markets, with strong investor confidence and economic resilience.
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