Like much else in Kenya, the fiscal policy as outlined in the 2015/16 budget statement is focused on “fast-forward” development. Spending on infrastructure and support for businesses are aimed at driving growth, which the government has forecast at 6% in 2015 and the coming years. When Cabinet Secretary for the National Treasury Henry Rotich...
The country’s bond market is the third-largest in sub-Saharan Africa after those of South Africa and Nigeria, with a trading volume of $70m-100m a day. However, during 2015 secondary trading has been slowing, largely due to changes in the economic environment and the lure of soaring interest rates for short-term debt instruments in the second...
The EAC, which comprises the member states Burundi, Kenya, Rwanda, Tanzania and Uganda, is one of the most integrated economic blocs on the continent, with intraregional trade accounting for roughly 30% of overall trade volumes – three times as much as the Economic Community of West African States or the Arab Maghreb Union in North Africa. The community has been pushing...
The Nairobi Securities Exchange (NSE) demutualisation in 2014 marked the beginning of a period of rapid innovation in East Africa’s capital markets. Together with the Capital Markets Authority (CMA), the sector’s regulator, the reforms should put the country’s markets on track for steady growth over the long term. The framework for reforms is...
Kenya’s economic outlook for the coming years looks robust, despite some challenges, such as a trade deficit, rising debt and global headwinds; yet the country is performing well, particularly in comparison to the more volatile conditions elsewhere in Africa and underwhelming growth in advanced economies. Following 2014’s GDP rebasing, the...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×