Although the index of the Nairobi Stock Exchange is going down last few weeks, the recently released shares in the national power company KenGen are selling like nobody's business. It means that ten thousands of Kenyans bought some shares, and it shows the hidden potential of an alledged Third World country. Apparently a lot of people were keeping money under their matresses. The value of the shares now are 11,7 Kenya Shillings a piece, 12 US cents. According to analyst this easily could go up to 18 Kenya Shillings and then most probably stabilise.
Reported previously on this blog.
Nairobi Stock Exchange