Investor Presentaiton

/OPERATING ENVIRONMENT Improved Macro Outlook • Improved macroeconomic environment across the region with strong projected GDP growth rates Recovery in Business Conditions • Improved confidence in the business environment in Kenya following peaceful general elections and a seamless transition 06 Improved Consumer Environment • • Improvement in employment levels and access to credit (%) Tailwinds Headwinds Geopolitical Risk Russia-Ukraine war has • resulted to increased geopolitical risks, weaker • economic growth, higher inflation and supply chain disruptions Delayed implementation of Revitalized Peace agreement in South Sudan Inflation Increasing cost of operations High inflation rates in the US led the US FED to raise interest rates, a move that drove risk-off position to frontier market investments Currency Pressure • Sustained pressure on currency and consumer wallet with rising inflation

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