The Nairobi Securities Exchange (NSE) has lost approximately Ksh.37 billion in market value because of the ongoing trade war triggered by the United States.
The significant loss is because of global market turmoil initiated by U.S. President Donald Trump’s announcement of reciprocal tariffs on April 7, 2025.
The tariffs, including a 10 percent baseline tax on imports from all countries and higher rates on specific nations like China (34 percent) and India (27 percent), led to widespread sell-offs by foreign and institutional investors.
Also Read: Government Explores IPO for Kenya Pipeline at NSE
The NSE All-Share Index fell 2.5 percent to 138.47 points, with major stocks like Safaricom, KCB Group, Equity Group, and EABL dropping between 3.2 and 6.8 percent.
The global market reaction was severe, with U.S. and UK stock markets recording their worst single-day drops since the 2020 COVID-19 pandemic, driven by fears of escalating trade wars and potential global recession risks.
According to analysts, Kenya’s export competitiveness, particularly for tea, coffee, and apparel, could be further strained by the U.S. tariffs, with investors adopting a cautious stance amid ongoing uncertainty.
Nice read, I just passed this onto a colleague who was doing a little research on that. And he just bought me lunch because I found it for him smile Thus let me rephrase that: Thank you for lunch!
certainly like your web-site however you need to take a look at the spelling on quite a few of your posts. A number of them are rife with spelling problems and I to find it very bothersome to tell the truth then again I will surely come again again.