Kenya’s National Treasury expects the fiscal deficit to drop to 5.9 per cent of the GDP in the next budget year driven by reduction in expenditure. Elsewhere, Global Credit Ratings has accorded Cytonn Investments an initial rating of BB with a stable outlook. Maurice Oduor, Investment Manager at Cytonn Investments joins CNBC Africa to discuss market movements in the Kenyan market.
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.