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From huge profits to junk paper: The fall of Kenya’s corporate bond market

Capital Markets Authority acting CEO Wycliffe Shamia (R) and Nairobi Stock exchange CEO Geoffrey Odundo during a workshop on Sovereign Green Bond Project at Enashipai Resort in Naivasha in January 2020. Shamia exuded confidence that the performance of the Nairobi Securities Exchange (NSE) will improve this year. [Antony Gitonga, Standard]

After enjoying big rewards, bondholders are now staring at big losses.

The market has remained illiquid for some time now.

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