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African Stocks Growth

The stock of 12 Kenya's companies grew today for a 10th consecutive day. The biggest beer maker in east Africa, Easter African Breweries Ltd., advanced, climbing 3.1 percent to 135 shillings. The company’s financial year ends June 30 and investors could be hoping for better returns, Corporate Affairs Director Ken Kariuki said via e-mail today.

Ronak Gadhia, the Market Analyst at Nairobi-based African Alliance investment Bank Ltd. Said in a interwiew “There is a strategic investor who came in so they are sitting on a huge cash pile. They colud make an acquisiton.”

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