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Browsing: election impact in kenya
- A report by Cytonn Investments expects 2022 to register lower investor sentiments
- The performance would be affected by several reasons, including a cautious stance by investors who will be monitoring the election proceedings
- The report also foresees an increase in Eurobond yields as concerns over Kenya’s high debt-to-GDP ratio persists
As Kenya heads to General Elections this August, economic experts now expect 2022 to register lower investor sentiments.
In a new report, Cytonn Investments said the performance would be affected by several reasons, including a cautious stance by investors who will be monitoring the election proceedings.
The report also foresees an increase in Eurobond yields as concerns over Kenya’s high debt-to-GDP ratio persists and an expected depreciation of the Kenyan currency as a result of increased oil prices globally and high debt servicing costs.
“The investment performance is largely affected by the market sentiments on the macro-economic indicators of an …