Kenyan market trends
- The Trade Adviser
- Jul 22, 2024
- 1 min read
Updated: Jun 9
The Kenyan market is a dynamic and evolving landscape. Over the years, it has seen various trends influenced by both local and global factors. Understanding these trends can provide valuable insights for investors, policymakers, and businesses looking to navigate this market.
Key Takeaways
The Kenyan market is currently trading at a PE ratio of 5.6x, which is lower than its 3-year average of 7.7x.
Earnings for Kenyan listed companies have grown by 17% per year over the last three years, while revenues have increased by 12% per year.
Top performing sectors include Materials and Utilities, while Industrials and Consumer Discretionary sectors have underperformed.
Robust domestic demand and government investments are key drivers of Kenya's economic growth.
Growth forecasts for Kenya remain strong, with a projected growth rate of 5.5% in 2024.
