Kenya

BMI View: We believe that a combination of subdued demand for exports, high inflation, reduced capital inflows and waning remittances will weigh on economic expansion in Kenya over... 2008-11-24

BMI View: Kenya's ambitious plans to upgrade infrastructure domestically and across the East African region, will present compelling opportunities for fixed income investors. However,... 2008-11-14

BMI View: The Kenyan shilling has broken below the key psychological level of KES80.00/US$, setting up further losses, in our view. We are medium-term bearish the shilling on account... 2008-10-27

We are increasingly concerned about Kenyan real estate. The combination of tighter mortgage terms and waning remittances augurs for a fall-off in demand over the coming months. Remittances... 2008-10-27

BMI View: We are fairly upbeat on Kenya's growth prospects over 2009-2018, forecasting annual real GDP growth of 4.2% by 2013 and 3.3% by 2018. Key supporting factors will be its... 2008-10-13

BMI View: Kenya's banking sector is set to suffer somewhat amid current macroeconomic headwinds, and we see scope for an increase in non-performing loans. Nevertheless, our outlook... 2008-10-09

BMI View: We believe EM risk aversion is likely to weigh on appetite for Kenya's planned US$500mn sovereign bond issue, if it goes ahead as planned in H109. Furthermore, macroeconomic... 2008-09-26

Kenya is currently suffering a power crisis, owing to the recent increase of electricity costs. The Kenya Association of Manufacturers (KAM) estimates that energy costs have risen... 2008-09-26

BMI View: The outlook for real GDP growth over Q408 is clouded by the ailing manufacturing sector. The industry comprises around 10% of the economy, and we expect the possible contraction... 2008-09-26

BMI View: While low-level infighting will continue to blight Kenya's coalition government, we are cautiously optimistic that it will hold together until the 2012 elections. An impending... 2008-09-23