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What pushes retail investors away from financial markets

An employee makes notes in front of an electronic stock information screen inside the Nairobi Securities Exchange Ltd. [Bloomberg]

Kenyans have given the capital markets a wide berth as a result of high transaction fees, low market awareness and a myriad of regulatory red tape.

A survey conducted by the Institute of Certified Investment and Financial Analysts (Icifa) on the challenges that retail investors face in Kenya's financial market also found the regulatory red tape and inadequate capital as major deterrents to investing.

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