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Home Africa News Kenya Urged to Unleash the Power of Financial Markets

Kenya Urged to Unleash the Power of Financial Markets

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Kenya Urged to Unleash the Power of Financial Markets

Nairobi’s financial market is growing with increased listings and liquidity, but local traders and investors need better skills and knowledge to fully capitalize on this potential, argues Bernd Skorupinski, CEO of Online Trading Campus. He advises using demo accounts to practice trading without real money risks. The surge in online forex trading in Kenya, driven by internet access and technological advancements, is opening new economic avenues. Jesse Ogola of FX Pesa attributes this to financial literacy programs and strong regulations by the Capital Markets Authority (CMA). However, challenges persist, as most African stock markets, except for South Africa’s JSE, remain small and dominated by a few large firms. Kenya’s financial sector, the third-largest in sub-Saharan Africa, continues to play a crucial role in economic growth and job creation.