Africa’s Worst Stock Market Faces More Pain on Bank Earnings
- Index falls to seven-month low amid foreign outflows
- Bank earnings will give indication of extent of virus hit
A man looks out at the city skyline in Nairobi, Kenya.
Photographer: Trevor Snapp/Bloomberg
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There is no recovery in sight yet for Africa’s worst-performing stock market as investors look to bank earnings this month to assess how hard the coronavirus pandemic hit Kenyan lenders.