Nairobi, March 5 -- Foreign investors hastened their exit from the Nairobi Securities Exchange (NSE), recording a net selling position of Sh1 billion in February.

The February sell-off is larger than the Sh106.7 million worth of net exits in January, according to data from the NSE.

The continued flight of foreign investors from the local bourse has come against some significant improvements in the operating environment, including a rally by the Kenyan Shilling against major world currencies, which has improved the performance of the bourse in US dollar terms.

At the same time, the NSE nearly doubled its turnover in February as the value of shares traded rose by 82 percent to Sh4.3 billion while the issuance of a new Eurobond by the gov...