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.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article