Investor Presentaiton

4 OPERATING ENVIRONMENT Global economic recovery slowed down by various challenges RUSSIA-UKRAINE CONFLICT Russia-Ukraine war has resulted to increased geopolitical risks, weaker economic growth, higher inflation and supply chain disruptions. RISING INFLATION IN US & EUROPE MEAT & POULTRY FRUIT & VEGETABLES AIRFARES USED CARS +14.3% +7.8% GAS +33.3% 22.7% +43.6% IMPACT OF INFLATION ON EVERYDAY ITEMS High inflation rates in the US has led the US FED to respond by raising the interest rates, a move likely to drive risk-off position to frontier market investments. POLITICAL LANDSCAPE CURRENCY PRESSURE Regional currencies continue to depreciate against the US dollar. COVID-19 has generally weakened the region's exchange rates. The tightening of global financial conditions has further intensified exchange rate pressures and left most countries with limited reserve buffers. 工 RESURGING COVID-19 VARIANTS Spike in COVID-19 cases in China prompting lockdowns in major cities leading to supply chains disruptions. Kenya positivity rate rose to 8.0% in June from 2.3% in May and 0.4% in April which forced the Government to re-impose an indoor mask mandate. Uncertainties around general elections in Kenya. Delayed implementation of Revitalized Peace agreement in South Sudan. Stanbic IT CAN BE

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