Kenyan Stockbrokers Broke?

The 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.

To read the full article, please choose one of the following options: