The services sector and private consumption represent the backbone of Kenya’s economy. The services sector, which accounts for nearly half…
Kenya: External Market Volatility to Sustain Preference for Local Borrowing
The month of November is kicking off with two key central bank policy setting meetings in the US and the…
Kenya: Treasury Bond Performance for FY 2021/2022
Underlining healthy investor demand for government securities, all Treasury bonds auctioned thus far in the FY 2021/21 (July 2021 to…
Kenya: Rebased National accounts to positively impact sovereign debt metrics (Summary)
Kenya’s national accounts were rebased reflecting a new benchmark year of 2016, from 2009 previously, in a bid to use…
Kenya: Amplified government debt appetite to maintain upturn in yields as threats from COVID-19 persist.
Succession politics continue to dominate news headlines at a time when Kenya’s economic recovery is being threatened by rising COVID-19…
Kenya: Threats to COVID-19 rollout and yield curve play in focus
Kenya’s economic recovery seems well underway. Private sector activity has improved, mobility indicators reveal an uptick in movement and it…
Kenya: Lessons from the Inaugural Infrastructure Bond Auction of 2021
The 16-year infrastructure bond (IFB) sale really surprised me! A whopping KES 125.34Bn in bids was received against the KES…
Kenya: Could the CBK be jumping the gun with a policy rate cut?
Since Patrick Njoroge’s tenor as Governor of the Central Bank of Kenya (CBK), the decision to ease monetary policy has…
Kenya: Rate cap repeal boosts investor risk appetite
The month of October ended on a high as indications of a post-interest rate cap era improved investor risk appetite. Bank…
Kenya: Prospects of interest rate cap repeal to elevate appeal for lower duration bonds
Investors may enhance their exposure to lower duration bonds as the uncertain interest rate environment portends a big effect on bond …
Wandering Economist 