Investor Presentation HY 2020
Economic Overview
Global Conditions
¹COVID-19 triggered the deepest global
recession in decades with lasting impact
to labor productivity and potential
output
Sub Saharan Africa
2 Economic activity is now projected to
contract by approx. 3.2%, reflecting a
weaker external environment and
measures to contain the COVID-19
outbreak.
Regional Economic Growth
2Subject to the continued gradual easing
of restrictions that has started in recent
weeks Growth is projected to recover to
3.4% in 2021
Pandemic Impact
3Commercial banks have continued to
extend relief to borrowers as a result of
the economic turmoil arising from
COVID-19 with loan restructures in
Kenya to cushion against the pandemic
hitting Kshs.844.4 billion in June 2020.
Exchange Rate Developments
3The Kenya Shilling and the regional
currencies have noted volatility in the
recent months partly due to the
uncertainties about the impact of
COVID-19.
Source:
1World Bank report: Global Economic Outlook June 2020, 2Source IMF report: Regional Economic Outlook June 2020 ³KBA Bulletin July 2020
i&M
HOLDINGS
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