Connect with us

Hi, what are you looking for?

Capital Business
Capital Business


Cytonn Investments projects economy to grow by 5.4pc in 2018

The first quarter saw the improvement of the private sector following the end of electioneering period/FILE

NAIROBI, Kenya, Apr 4 – Cytonn Investments has projected that the country will grow by 5.4pc in 2018 based on the performance of the first quarter of 2018.

The first three months saw adequate rainfall and the improvement of private sector business environment following the end of a prolonged electioneering period.

Cytonn Chief Finance Officer Elizabeth Nkukuu says stocks look promising, with a 14 percent return on investment while retail is expected to return to profitability with a number of international brands expected to enter the market that include South Africas Shoprite.

Other promising markets based on the first quarter performance include real estate, agriculture and tourism.

Click to comment

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...


NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...


NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...


NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...


NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...