Key View

• Robust fundamentals, including strong medium-term trade and road freight growth, as well as a large existing road network with a considerable need for improvement, wide access to development funding, and a well-stocked project pipeline, drive our positive outlook on road construction opportunities in Kenya.

• Comparatively short

Key View

• Increasing police raids on illegal pharmacies in Kenya will improve market standards.
• Measures to reduce counterfeit drugs will reduce costs for drug makers operating in the country and make it a more attractive market.
• However, weak law enforcement capacity in Kenya will continue to raise risks for businesses.

Increa

Key View

• At Fitch Solutions, we forecast that Kenya’s real GDP growth will rebound from an estimated 0.1% in 2020 to 4.4% in 2021.
• The easing of lockdown restrictions will support private consumption and private investment, which will also benefit from accommodative monetary policy.
• That said, fiscal consolidation will entail cuts to

Key View

• At Fitch Solutions, we forecast that Kenya’s current account deficit will widen from 5.1% of GDP in 2020 to 5.2% in 2021.
• Strong growth in imports as domestic economic growth recovers will outweigh a parallel increase in goods exports and recovering tourism and travel industry.
• We expect that the current account deficit will

Key View

• At Fitch Solutions, we forecast that Kenyan real GDP growth will rebound from a downwardly revised estimate of 0.1% in 2020 to 4.4% in 2021, but remain below its 2010-19 average of 5.8%.
• While we anticipate an uptick in both private consumption and investment, the domestic roll-out of a Covid-19 vaccine is unlikely until H221 at

Key View: The passing of legislation on edible insects in Kenya is the beginning of the establishment of an attractive alternative proteins market. Edible insects meet all the requirements to become a potentially large and valuable market in Kenya. However, consumer preferences and lack of food safety regulation remain key constraints to the

Key View

• Withdrawal of funding for medical cover will leave Kenya’s healthcare system vulnerable as Covid-19 cases continue to rise.
• We expect healthcare worker strikes to become more frequent in the coming months.
• Despite issues with healthcare funds, overall healthcare expenditure is expected to increase over our 10-year forecast

Key View

• Grocery delivery services are becoming a mainstream offering in urban Kenya, with a significant rise in first-time users of online services in 2020.
• Many of the grocery delivery services were borne out of both consumers and businesses adjusting their behaviour during the Covid-19 pandemic, where restrictions and demand-side risks

Key View

• At Fitch Solutions, we maintain our forecast that Kenyan real GDP growth will slow from 5.4% in 2019 to 1.1% in 2020.
• We expect that an uptick in private consumption will lead Kenya’s economic recovery over the coming quarters, helping GDP growth to pick up to 4.4% in 2021.
• Improving global and domestic economic conditions will

Key View

• Commercial opportunities in Kenya in 2020 will mainly come from critical medical products, such as personal protective equipment and ventilators, in response to the Covid-19 pandemic.
• Domestic production of these products will also increase.
• Medical device companies in the country will benefit from some key policy responses by