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      • What "Kenya" Do?

        13 June 2023   |  

        Kenya’s fundamentals today may be the most exciting they’ve been in decades. Following a peaceful election last August, President Ruto’s new administration has continuously expressed commitment to fiscal consolidation and structural reform that will improve the sovereign’s credit quality. Kenya is supported by the international community, which wants to help fund its success—as most recently evidenced by the IMF’s announcement it will extend further aid to the country (more on which shortly).  So what gives—why do Kenyan asset prices tell such a different story?