Here is an excerpt of Stratfor‘s Third Quarter Forecast:
Apparently it paid off well to be a long term value investor on the Nairobi Securities Exchange…
- Reclusive investors build a fortune through consistent buying of shares in open market and maintaining a long term view of their equities portfolio.
- Stock market data shows that the billionaire investors with vast business interests outside the Nairobi bourse started cherry-picking stocks at the turn of the Millennium with a long-term view that has seen them rank among the wealthiest Kenyans.
- Analysts expect the value of their wealth to continue rising as the economy recovers from the slowdown caused by elections early this year.
Full Article: The rise and rise of Kenya’s silent billionaires at NSE