Here are some of the things to look up to in the business world in 2018.
1. Bank interest rates
The year 2017 saw Kenyan banks cut down on lending. The introduction of a new law that caps interest rates scared off banks from lending to high risk borrowers. lack of cheap credit has consequently impacted negatively on the economy. The business world will be watching closely on the direction interest rate decisions will take in 2018.
2. Retail Sector roller-coaster
The year 2017 was rough for the retail sector. The sector was tested to the limit. Towards the end of the year there was a glimmer of hope. Retailers wish this is a pointer to good things to come in 2018.
3. Cryptocurrencies
Most investors jumped into the ever expanding cryptocurrency market in 2017 and they were not disappointed. There is no doubt that 2018 will be an even better year for investors in altcoins. We will closely monitor the trends in this field.
4. Politics
The economy took a beating from the electioneering period in 2017. The elections are behind us now but we are yet to take off. The year ahead will be defined by how political leaders fashion their policies to suit the economy. Business world hopes for lower political temperatures.