The outlook for prices as measured by the year-on-year rate of change in the CPI – excluding the direct effects of the consumption tax hikes – is expected to follow a rising trend; as such, it will reflect factors such as the improvement in the output gap (the difference between actual and potential GDP) as well as the rise in medium- to long-term inflation expectations.
Ladies and Gentlemen: Among the challenges facing Kenya’s ambition to be a hub of Sharia compliant investment products to compliment the Islamic banking in the country are lack of; Shariah compliant investment vehicles, an enabling legal and regulatory framework and awareness by majority of the populace that hinder the uptake of these investments.