MACRO | Kenya : Q3'2023 Macros Review - Recovery Amidst Easing Inflation

During Q3’23 the ongoing economic recovery faced persistent challenges exacerbated by spill-over effects from 2022 which led to slower global growth and increasing domestic interest rates. Globally, inflation in advanced economies continued to ease during the year driven by a decline in commodity prices and easing supply chain costs. The continued strengthening of the dollar and reduced dollar inflows have contributed to further weakening of the shilling against the dollar creating a challenging business environment. We anticipate local economic growth will remain hampered by elevated interest rates, inflationary pressures and continued depreciation of the shilling.

In this Note, we take a dive into events that shaped the macro activities and the Equities market. 


Download (376.65 KB)


Instagram -
AIB-AXYS Africa Ltd is the fusion of two established companies; AIB Capital Limited and Apex Africa Capital Limited, both with over 25 years of experience in the Securities market. With the solid reputation and experience of the professional teams, we leverage talent and networks to better service businesses and investors looking to capitalize on the African growth story, and its vibrant financial sector.
Latest Reports