KENYA’S ECONOMIC GROWTH IS EXPECTED AT 5.6% – 5.8%-REPORT

Cytonn Asset Managers has today released their 2020 Macroeconomic Outlook, projecting 2020 GDP Growth to come in at 5.6% to 5.8%, inflation to average 5.2% for the year and the Kenya Shilling to remain stable and range-bound, between Kshs 101.0 and Kshs 104.0. Cytonn Asset Managers remains positive on the equities market performance in 2019, driven by higher growth in corporate earnings, while advising investors to remain biased to short-term fixed income instruments given the possible upward pressure on interest rates as the Kenyan Government manages debt sustainability. “For the…