They ushered thousands of retail traders to the Nairobi Securities Exchange (NSE) with a promise of dividends and capital gains, but only a few companies have lived up to this promise.
And retail investors like Alois Chami, a vocal, seasoned and self-taught investor in listed firms, can only look back wistfully.
Mr Chami, 76, has watched popular brands such as Sameer Africa, Kenya Airways, Uchumi, East African Portland Cement, Mumias Sugar, Eveready, TransCentury, East African Cables and Kenya Power fall off the list of dividend payers.
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