Nairobi, May 10 -- The Nairobi Securities Exchange (NSE) is expected to see improved portfolio inflows from foreign investors following the end of the hard currency drought.

This week, Morgan Stanley Capital International (MSCI), a provider of services for global investors, hinted at ending its adverse view on local equities following the much-improved access to foreign currency allowing offshore investors to invest and repatriate capital.

"Starting from the May 2024 index review, MSCI will no longer apply the special treatment for the MSCI Kenya indexes announced on August 8, 2022. Based on the feedback from market participants, liquidity in Kenyan foreign exchange markets and the ability of foreign investors to repatriate capital from...