East Africa: Uchumi At Entry Level for New Investors Eyeing East Africa

6 November 2014

Safaricom lifted the Nairobi All-Share today, reversing a losing streak to close 0.62 higher at 159.21 points. The NSE20 retreated 50.35 points to close at 5101.11 and is now more than 300 points off its September closing High. The equity market has been in a soft patch.

The shilling was last trading at 89.71, which is right on a 2014 low. The shilling is wrestling with a rampant hard-charging dollar, which has pinned down the yen to its weakest level since 2007 and is similarly caning most other currencies.

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