NAIROBI (Xinhua) --
Kenya is the third most advanced financial market
in Africa, a new survey has shown.
According to the
second edition of the Absa Africa Financial Markets Index,
Kenya’s financial market standing has improved two positions
compared to last year largely due to ease of foreign exchange
The survey by the
Official Monetary and Financial Institutions Forum was
commissioned by Absa Group in 2017 and examined 20 African
The survey indicates
that Kenya has demonstrated its maturity as a market through the
ability to enforce financial agreements, clarity on property
rights and compatibility with international standards.
The survey shows
that the areas of improvement for the East African nation
include limited product diversity, relatively low pension assets
per capita as well as declining export market share.