The shilling has depreciated steadily against the dollar in 2015. In your view, what impact has this had on the Kenyan economy?
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Interviews & Viewpoints | Patrick Njoroge, Governor, Central Bank of Kenya (CBK) : Interview from The Report: Kenya 2016
Interviews & Viewpoints | Gideon Muriuki, Group Managing Director and CEO, Co-operative Bank of Kenya; James Mwangi, Group Managing Director and CEO, Equity Bank; and Joshua Oigara, Group CEO, Kenya Commercial Bank: Interview from The Report: Kenya 2016
To what extent are you expecting to see consolidation in the Kenyan banking market over the short and medium terms?
Interviews & Viewpoints | Paul Muthaura, CEO, Capital Markets Authority: Interview from The Report: Kenya 2016
Senegal’s population of 16m is situated on the Atlantic Coast of West Africa. With robust and sustained annual economic growth at 6% or above since 2014, and a considerable multifaceted investment and reform programme under way, the country is well positioned to see a sustained influx of foreign capital as economic momentum builds. Senegal’s solid macroeconomic performance is underpinned by its relatively strong and long-running status as one of the most stable countries in the region.
The banking sector is growing and profitable, although expenses are climbing faster than revenues and non-performing loans have also increased. The overall balance sheet reached KSh3.6trn ($39.6bn) in June 2015, up 21.4% from KSh3trn ($33bn) a year earlier. A number of factors also stand to benefit the sector going forward. Kenya’s banks are gearing up to participate in financing huge...
Kenya is one of the economic and political heavyweights of East Africa. Despite recent security issues, it is recording strong economic growth and maintaining its leading position in the region. Recent discoveries of new oil, gas and water reserves and a young population give further cause for optimism, and the government is working to put the right policies into place to maximise the country’s potential.