Kenya's Economy Seen as Resilient to Mall Attack in Nairobi

(Source: Bloomberg)

Security worries are nothing new in Kenya and so the country is unlikely to see long-term investors pull money out after the deadly attack on a Nairobi shopping mall. Click through this link for more from Reuters.
Several key points to keep in mind:
1) Recent elections were transparent, and cemented Kenya's political stability.
2) Tourism accounts for only 10% of Kenya's total GDP, and at this time no travel advisories have been issued.
3) The Kenyan market's reaction was a slight, approximately 30 basis point pullback.
4) The Kenyan shilling has remained stable (see chart above).

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John Deere Focuses on Africa for Growth

"Greater political and economic stability and a push by some nations for food self-sufficiency has made the continent more attractive, says Ganesh Jayaram, Deere vice president of agriculture and turf sales and marketing for Asia and Africa. Follow this link to get the full story from Bloomberg.

Nile Capital Management

We Know Africa: From Cairo to Cape Town

For more information please call 646-367-2820