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Recent Topicals

The Kenyan National Social Security Fund (NSSF)

Jan 25, 2026

National Social Security schemes are created by governments to form the first pillar of social security. In Africa, Kenya was the second country after Ghana to form a national security scheme, The National Social Security Fund (NSSF), done in 1965 through an Act of Parliament (Cap 258). It is a provident fund, which provides benefits to retiring members as a lump sum rather than through periodic payments. In recent years, discussions around the growth and reform of the NSSF have gained momentum, with key considerations on how to increase coverage, especially for the informal sector,...

Kenya Macro Economic

Jan 18, 2026

Economic Growth: According to the Kenya National Bureau of Statistics (KNBS) Q3’2025 Gross Domestic Product Report, the Kenyan economy recorded a 4.9% growth in Q3’2025, higher than the 4.2% growth recorded in Q3’2024. The improved performance was largely driven by accelerated growth in key sectors, with Mining and Quarrying rebounding to 16.6% in Q3’2025 from a 12.2% contraction in Q3’2024, Construction expanding by 6.7% in Q3’2025 from a 2.6% contraction in Q3’2024, and Electricity and Water Supply growing by 3.6% in Q3’2025 from 0.9% in Q3’2024. Consequently, the economy recorded an average growth of 4.9% in the first three quarters of 2025, an improvement from the 4.5% average growth recorded...

Sub-Saharan Africa Regional Market

Jan 18, 2026

According to the World Bank’s Global Economic Prospects , growth in the Sub-Saharan Africa region is expected to rebound to 4.3% in 2026, from the estimated growth rate of 4.0% recorded in 2025 mainly attributable to the easing inflationary policies, ongoing reforms in some countries, improved fiscal support and domestic investment growth. However, the projections remain subject to key downward risks such as: If trade barriers and related uncertainty increase further, adverse shifts in trade policy may slow global growth, reduce demand for commodities like minerals and metals, and particularly affect countries heavily reliant on exports to the U.S., such as Côte d’Ivoire, Kenya, Lesotho, Madagascar, Mauritius, and South Africa Persistent global inflationary...

Global Markets

Jan 18, 2026

Global Economic Growth: According to the World Bank’s Global Economic Prospects Report, global economic growth is expected to remain subdued, slowing down to 2.6%, from the estimated 2.7% growth rate in 2025. The expected economic slowdown is driven by the weakening of trade growth driven by trade tensions and policy uncertainty from higher tariffs. Tariffs have significantly risen since January 2025 and are further expected to rise in 2026, which could further weaken exports and demand. The 2026 inflation rate is expected to ease to 2.6% as compared to the 3.2% estimate in 2025, mainly attributable to weaker labor markets, lower demand for tradable goods, and declining energy prices However, despite the expected easing in inflation, global inflation...

Nairobi Metropolitan Area (NMA) Serviced Apartments Report 2025

Dec 28, 2025

In 2024, we published the Nairobi Metropolitan Area Serviced Apartments Report 2024, which highlighted that the average rental yield for serviced apartments within the NMA increased by 0.5% points to 7.3% in 2024 from 6.8% in 2023. The improvement in performance was primarily on the back of improved occupancy rates and monthly charges by 5.9% points and 3.6%, to 72.2% and Kshs 3,155 per SQM, respectively, in 2024. This week, we update our report using 2025 market research data and by focusing on; Overview of the Kenyan Hospitality Sector, Introduction to Serviced Apartments, Supply and Distribution of Serviced Apartments within the NMA, Performance of Serviced Apartments in the NMA, Serviced Apartments Performance by Node Comparative Analysis - 2024/2025 Market Performance