Kenya

The value of cash transacted through mobile phones rose by Sh283.37 billion in the 12 months ended December 2017 compared to the previous year, fresh data from the Central Bank of Kenya (CBK) shows.

The interoperability trials for mobile money set to start this Monday promise to re-ignite hope that the competitive telecom industry is ready for self-regulation.

The willingness and ability of the Kenyan authorities to address persistent fiscal and external deficits remain key components of our sovereign credit analysis as President Kenyatta begins his second term, Fitch Ratings says. The drawn-out election process, its disputed outcome and the impact on the economy increase fiscal risks.

Kenya's central bank retained its Central Bank Rate (CBR) at 10.0 percent, as expected, saying it's monetary policy committee had "concluded that inflationary pressures in the economy were muted, and inflation was expected to continue to decline in the short term."