Kenya

Kenya’s economy rebounded above pre-pandemic levels with the gross domestic product (GDP) expanding 6.8 percent in the first quarter of this year.

Kenya’s inflation hit a 58-month high in June on soaring prices of food items, breaching the government’s upper limit target for the first time since August 2017.

Fitch Ratings has affirmed Kenya's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B+' with a Negative Outlook.

Safaricom (NSE:SCOM) registered further growth in M-Pesa transaction values in the quarter ended December, lifting revenue of the telco which now makes most of its sales from the financial service.