Today we take a closer look at the dynamics of electricity generation in Uganda—examining recent trends, capacity developments, and their implications for the country’s energy landscape.

A Look Back at the Year So Far;
As we move through March, we take a moment to reflect on key economic and policy developments

• Kenya’s inflation rate decreased by 0.30%,
• The Kenya shilling weakened slightly against the dollar to close the month at Kshs 129.9,
• Amsons Group, a Tanzanian-based family-owned business conglomerate with over USD 1 billion in yearly revenue, has made a record-breaking binding offer for 100% control of Bamburi Cement, valued at Shs. 65 per share,
• In the Number Play segment, we analyze the changes in benchmark tariffs from November 2021 to May 2024 and assess their impact on project returns.

• Kenya’s inflation rate decreased by 0.50%,
• The Kenya shilling continued to strengthen against the dollar to close the month at Kshs 129.5,
• British International Investment (BII), sells its 10.1% ownership in I&M Firm PLC to AfricInvest, a Pan-African asset management platform,
• In the “Number Play” segment, we review the 20% stake acquisition of Credit Bank by Shorecap III Limited – a Mauritian-based Equity Fund.

• Kenya’s inflation rate decreased by 0.70%,
• The Kenya shilling continued to strengthen against the dollar to close the month at Kshs 130.2,
• Acorn Holdings secures USD 180mn (KES 23.6 billion) in funding from The U.S. Development Finance Corporation for Affordable Student Housing,
• In the “Number Play” segment, we carry out the valuation of Kenya Pipeline Company (KPC) one of the parastatals listed for privatization.

• Kenya’s inflation rate decreased by 0.7%
• The Kenya shilling weakened against the dollar to close the month at Kshs 133.3
• BuuPass acquires bus ticketing platform QuickBus
• In this month’s number play, we look at how the government’s affordable housing project will likely affect private property developers.

• Kenya’s inflation rate decreased by 0.60%
• The Kenya shilling continued to strengthen against the dollar to close the month at Kshs 131.8
• Egyptian AI-powered Edtech company raises USD 3 million in a bridge round
• In the “Number Play” segment, we assess whether the Government-to-Government oil deal made by Kenya delivered its promises of addressing the US Dollar liquidity challenges and exchange rate volatility caused by the global dollar shortage at the time.

• Kenya’s inflation rate increased by 0.1%
• The Kenya shilling continued depreciating to close the month at Kshs 150.5 against the dollar.
• 34 plant shutdowns reveal Kenya manufacturing woes
• The Number Play section looks at the privatization of non-performing state-owned enterprises.

• Kenya’s inflation rate decreased  by 0.6%
• The Kenya shilling continued depreciating to close the month at Kshs 145.4 against the dollar.
• Logistics startup Sendy shuts down and embarks on asset sale
• In the Number Play section, we look at Kenya Airways’ performance over the last few years.

• Kenya’s inflation rate decreased  by 0.6%
• The Kenya shilling continued depreciating to close the month at Kshs 142.4
• M-pesa expands its reach to Bangladesh and Pakistan with TerraPay partnership
• In the Number Play section, we analyse the critical factors significantly influencing share buybacks.

• Kenya’s inflation rate decreased by 0.1%
• The Kenya shilling continued depreciating to close the month at Kshs 140.5.
• The International Finance Corporation injects Ksh 36bn in Safaricom Ethiopia.
• In the Number Play section, we analyze how currency depreciation can affect the returns of an investment made in USD in a local company whose operations are in KES.

• Kenya’s inflation rate decreased by 1.3%
• The Kenya shilling continued depreciating to close the month at Kshs 135.9
• IFC Invests in Avenue Group Limited to Expand Healthcare Services in Kenya
• Our Number Play section explores the relationship between government spending and economic growth.

• Kenya’s inflation rate remained unchanged at 9.2%
• The Kenya shilling continued depreciating to close the month at Kshs 132.3
• BlackRock acquires 31.25% Stake in Lake Turkana Wind Power, Africa’s Largest Wind Farm
• In our Number Play section, we take a closer look at Kenya’s fuel market versus the global market.