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Kenya risks losing investors amid dollar shortage and weak shilling

Fashion and Beauty
 Kenya's shilling continues to lose ground against the dollar while the foreign currency reserves shrink. [iStockphoto]

The weakening shilling amid a dollar shortage is putting Kenya's allure to foreign investors at risk.

This comes as more investors have been selling shares in Kenyan companies than buying.

Morgan Stanley Capital International (MSCI), a New York firm that offers analytics and investment research to institutional investors, says dollar shortages compromise the ability of foreign investors to repatriate funds from investments in the local equity market.

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