Kenya's major problem is just one... chronic corruption within Govt. If you can tame that and the rest of the sectors will follow suit. Money will reach the commoners.

No, they won't. The idea of "cigar butt" investing for one last puff went out of fashion. Fontier market are troubled assets and whether dollar did this or yen did that they will still be troubled assets.

It's more profitable and less stressful to invest where the action is. Fontier markets need to sort out their mess and become markets where action is happening.

See how India stopped depending on foreign investors and started pushing their market forward. That's what NSE needs, local investors propelling it forward.

@VVS
This is how frontier markets are viewed