An employee makes notes in front of an electronic stock information screen inside the Nairobi Securities Exchange Ltd. (NSE), in Nairobi, 2015. [Riccardo Gangale/Bloomberg]For investors, Mwai Kibaki’s transformative ideas in the capital markets between 2002 and 2013 will surely outlive him. He exits the stage at a time every current economic problem tempts enemies and friends to pose in unison: What would Kibaki do? The economy had created 26,552 additional jobs in the formal sector and foreign direct investments into Kenya were $27.62 million (Sh3.2 billion). Other listings during the Kibaki era included Scan Group, Eveready, Access Kenya, Kenya Re, Cooperative Bank, Britam, Mumias Sugar, TransCentury and East African Cables.

Source: Standard Digital April 24, 2022 02:00 UTC