Analysis and market intelligence on fixed income, forex and equities in Asia, EMEA and Latin America

Economy / Kenya

Equities: A Recovery Play

August 2008 | Market Strategy

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BMI View: While further short term losses are in store for equities, we believe Kenya will become a 'recovery play' over the medium-to-long term. Indeed, additional falls could offer a good buying opportunity. We anticipate growth in the banking and telecoms sectors of the economy, which should be reflected in equity gains, over time.