Dollar shortage causing foreign investor capital flight, says CMA

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Foreign investors are shying away from Kenya's capital markets due to a lack of adequate foreign exchange to invest in securities at the Nairobi bourse and repatriate accrued dividends and returns, the Capital Markets Authority (CMA) has warned.

The capital markets regulator said yesterday that foreign traders have reported concerns about the inability to buy Nairobi Securities Exchange (NSE) products such as shares or repatriate returns owing to the forex headache.