Kenya: Foreigners' Grip Hurts Agricultural Stocks

Foreign investors' stranglehold on listed agricultural firms has reduced liquidity of the stocks and denied minority shareholders a fair valuation of their investment, chief executive of ApexAfrica Capital, Kassim Bharadia, has said.

Four out of the seven agricultural companies listed at the Nairobi Securities Exchange (NSE) are controlled by foreign investors, who hold more than 50 per cent of the issued shares.

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