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Kenya beats top rivals to rank fifth on stock markets index

From left: Barclays Bank CEO Jeremy Awori, Nairobi Securities Exchange CEO Geoffrey Odundo, Barclays Bank MD George Asante and Capital Market Authority CEO Paul Murithi during the launch of Barclays Africa group financial market index 2017 in a Nairobi hotel. [Photo by Willis Awandu/Standard]

A new survey on Africa’s stock markets has ranked Kenya fifth ahead of economic powerhouses such as Nigeria, Ghana and Egypt.

The inaugural survey themed Barclays Africa Group Financial Markets Index 2017 notes that Kenya’s financial market has made strides in promoting economic development.

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