In many ways, Kenya's current economic situation resembles that of the developed world. We are all struggling to return to normalcy following the two-year global Covid-19 pandemic, but the post-pandemic world presents new challenges for business and investing.
First, major central banks lowered interest rates to record lows in March 2020 to save the economy from collapse, and are now accelerating interest rate hikes to combat rising inflation. Globally, quantitative tightening measures are killing aggregate demand, as low-income earners struggle to balance their household budgets.
