January 23, 2016
Providing access to the tremendous growth opportunities on the continent of Africa
Kenya's 10 Best Stocks of the Past 10 Years
by Ryan Hoover, Africa Capital Group LLC
Let’s not sugarcoat it.
The Nairobi Securities Exchange (NSE) had a dismal year in 2015, dropping 10.6% (21.5% in US dollar terms), and market watchers remain decidedly unenthusiastic about the prospects for Kenyan stocks in the year ahead.
When bearish sentiment prevails, it’s often difficult to see just how profitable a long-term investment in stocks can be.
So let’s turn back the clock ten whole years, to the early days of 2006.
Kenyan voters had just rejected a proposed new constitution, a disastrous drought was creating misery in the north, and the Anglo Leasing scandal had just broke. The intervening years have brought devastating election violence, a global financial crisis, and horrific terrorist attacks.
In hindsight, it seems like an absolutely dreadful decade to have been invested in Kenyan stocks. Yet throughout that time period individual companies have posted some sensational performances. Seven stocks more than tripled in value (in US dollar terms) during that time period, creating a healthy nest egg for their long-term shareholders.
Here’s a countdown of the NSE’s five best performers over the past ten years.
Read More...
Let’s not sugarcoat it.
The Nairobi Securities Exchange (NSE) had a dismal year in 2015, dropping 10.6% (21.5% in US dollar terms), and market watchers remain decidedly unenthusiastic about the prospects for Kenyan stocks in the year ahead.
When bearish sentiment prevails, it’s often difficult to see just how profitable a long-term investment in stocks can be.
So let’s turn back the clock ten whole years, to the early days of 2006.
Kenyan voters had just rejected a proposed new constitution, a disastrous drought was creating misery in the north, and the Anglo Leasing scandal had just broke. The intervening years have brought devastating election violence, a global financial crisis, and horrific terrorist attacks.
In hindsight, it seems like an absolutely dreadful decade to have been invested in Kenyan stocks. Yet throughout that time period individual companies have posted some sensational performances. Seven stocks more than tripled in value (in US dollar terms) during that time period, creating a healthy nest egg for their long-term shareholders.
Here’s a countdown of the NSE’s five best performers over the past ten years.
Read More...
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