Kenya Stocks Looking Good

January 2004
Middle East & Africa Financial Alert;1/5/2004, Vol. 3 Issue 15, p5
Industry Profile
Industry Overview
This article presents information on economic conditions on Kenya. Equities have had a tremendous year, with the NSE-20 index rising by almost 100%, to around 2,737 points. Since then, the index has experienced a further spike higher, as expectations of sustained economic recovery feed into stronger corporate results. Construction stocks have performed very strongly in 2003. In early December 2003, the World Bank disbursed U.S. $50mn in budgetary support and finance minister David Mwiraria has stated that donors from 25 agencies and countries have pledged a total of U.S. $4.1bn over the coming three years.


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