Africa ETP News
you are currently viewing::Kenya: Blackrock Liquidates Em Fund With Equities in Kenya, NigeriaJune 19, 2024--American asset manager BlackRock has announced the liquidation of its emerging market (EM) funds in Kenya and Nigeria.
Its board concluded that liquidating the fund is in the best interest of both the fund and its shareholders. One of the significant factors impacting the liquidation process is the conversion of local currencies, including Nigeria's Naira. As a result, the liquidation will be extended over a longer period. Source: allafrica.com |
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