Key View

• Inflation in Kenya is set to rise in 2019, given normalising weather conditions and a weakening currency.
• We have, however, cut our inflation forecast in line with the Oil & Gas team’s lower oil price forecast of USD75.0 per barrel from USD81.0/bbl previously. We now forecast average price growth of 6.0% in 2019, down from 6.3%

News: The Governor of Kakamega County in Kenya, Wycliffe Oparanya, has requested the national government to help in completing a teaching and referral hospital project. The KES6.3bn (USD62.25mn) Kakamega County Teaching and Referral Hospital is being built on 40,468.6sq m. An amount of KES2.1bn (USD20.75mn) is also needed to equip and furnish the

Key View

• Kenya's economic growth will slow down in the coming quarters given slow credit growth and a fuel tax harming private consumption.
• Slow credit growth will slow investment by domestic businesses, with the ongoing rate cap likely to see commercial banks reticent to extend credit to high-risk lenders.
• Whether or not the fuel tax

Key View:

- The HIV burden in Kenya requires increased investment and collaborations between the public and private sectors, which will enable improved action in the treatment and prevention of the disease.

- Diagnostics are a key element to improving the HIV landscape, and Roche will be able to benefit from securing a partnership with Kenya's

Key View:

• We forecast one more 50 basis points (bps) rate cut to 8.50% by end-2018 as the Central Bank of Kenya (CBK) takes advantage of low inflation and a stable currency to enact modest further monetary loosening.
• While growth is recovering, policymakers are likely concerned about still-weak credit growth.
• However, we expect after one final

The luxury goods sector is poised for robust growth in Kenya, driven by the country's rapidly expanding wealthy consumer base. Kenya is well-positioned to accommodate multinational conglomerates seeking to establish a footprint in the emerging sub-Saharan Africa (SSA) luxury market. We believe increased purchasing power, as incomes rise and the

BMI View : High growth opportunities on offer in Kenya's fast growing automotive manufacturing sector, coupled with an attractive automotive policy, make the country SSA's second most attractive market in our Autos Production RRI. That said, automakers will face high levels of political, economic and operational risks when operating domestically.

Our Africa team expects the Kenyan economy to grow by 5.7% in 2014, with growth forecast to average more than 6% thereafter over the forecast period to 2023. We expect this outlook to drive growth in the food and drink sector, where Kenya has a number of very well-established companies, none more so than East African Breweries (EABL) - a unit of