East African markets watch

East Africa has been a region of interest for investors and economists alike, with a focus on countries such as Kenya, Uganda, and Rwanda. Carol Nampurira, Corporate Sales Manager, Energy and Infrastructure, Global Markets, Stanbic Bank, recently joined CNBC Africa to discuss the economic performance and debt management strategies in the region. The key themes discussed in the interview revolved around debt management, revenue mobilization, and market activity in Kenya and Uganda. One of the key points highlighted was the government's expectation of steady revenue collection growth between 15 to 18% from 2024 to 2027. Additionally, the importance of monitoring recurrent expenditure and controlling domestic financing to manage inflationary and currency pressures was emphasized. The interview also touched on the impressive market activity in Kenya and Uganda, with successful bond issuances and auctions. It was noted that the bond yields were expected to remain elevated due to inflationary pressures, with Kenya potentially facing a rate hike to support its currency and attract foreign direct investment. Overall, the region's focus on fiscal consolidation, revenue leakages, and policy measures to tackle liquidity strains were key takeaways from the interview.