Obama visit to cut Kenya’s Forex trading hours short on Friday

Trading hours on Kenya’s stock and Forex markets will be shortened on Friday due to President Barack Obama’s first visit as President to East Africa’s biggest economy. Local traders and the Nairobi Securities Exchange (NSE) relayed this information to Reuters earlier in the day.

Trading of shares and bonds at the bourse will stop at 0900 GMT instead of 1200 GMT, the NSE said in a statement.

The foreign exchange traders’ organisation ACI-Kenya said trade will end at 1000 GMT, instead of the usual 1330 GMT.

The U.S. president will travel to the Kenyan capital of Nairobi to address the sixth Global Entrepreneurship Summit.

Kenya has seen massive economic growth in recent years. It is home to a booming startup scene as entrepreneurs hope to capitalize on largely untapped markets and a growing middle class. Check out the video below of Kenyan President Uhuru Kenyatta.

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Obama visit to cut Kenya's Forex trading hours short on Friday


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