Cytonn Investments projects economy to grow by 5.4pc in 2018

April 3, 2018 (3 weeks ago)
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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.

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