RESISTING THE HOLIDAY SPLURGE

July 25, 2023, Uncategorized

There are numerous temptations to make you abandon your budgeting plans for the summer, including planning your yearly trip to the North Coast or enjoying your overpriced mussels by the beach. Regardless of the trigger, people tend to crave a quick endorphin rush, causing them to splurge their money and purchase things they don’t necessarily […]

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Using the capital markets to reduce Kenya’s fiscal deficit

July 13, 2023, Uncategorized

President William Ruto said his government would bring to the bourse through initial public offerings (IPOs) between six and ten companies, urging the private sector also to list at least five companies to boost activity at the Nairobi bourse. It is hoped that the government would sell its shares in at least six firms – […]

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EFG Hermes Kenya Macroeconomic Analytics June 2023

July 7, 2023, Uncategorized

Kenya is at its lowest valuation ever amid the improving macro environment The Kenyan market is down 23% YTD (31% in USD terms). Much of this is due to the lower valuation of Safaricom, but even the market ex-Safaricom is cheap (3.3x 12m Fwd P/E). Market liquidity is poor(3 million average daily trading volume (ADTV) […]

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The impact of the high cost of sugar on inflation

July 6, 2023, Uncategorized

The question on the breakfast table in most Kenyan households revolves around the sugar price. People are concerned about whether it will drop from a record high of Ksh 200 per kg or will it continue to rise in June, pushing up the inflation rate– which tracks commodity and services prices – over a year. […]

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