Michael Kimondo, Executive Director, Asset Management, Fusion Investment Management

The Kenyan Shilling has recorded significant volatility against the major currencies especially the Sterling Pound and the US Dollars. This year alone to 31st July 2015, the Kes has depreciated 11.16% and 14.45% to the GBP and USD respectively. This performance has been affected by factors both internally and externally.

However with various measures being taken to shield the shilling and looking at the prospects of recovery, we believe there is a buying opportunity.

Read more on the report attached.