Finance / Kenya
Kenyan Stockbrokers Broke?
March 2008 | Corporate Financing News AlertThe regulator of Kenya's Nairobi Stock Exchange (NSE), the Capital Market Authority (CMA), has placed Nyaga Stockbrokers under statutory management and has suspended the issuance of trading licences for four other firms. The news of more cases of illiquidity in Kenyan brokerages has caused investor confidence to wane.
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