Outlook 1998 Highlights Stable political scenario in Kenya now that most political parties have accepted Moi's return for his last five year term. Stable shilling and current high interest rates are very attractive to foreign investors. Now would be an opportune time to get into Kenya as the high interest rates will not remain at this level for long. The NSE 20 Share Index has been at a low level for the past three months but now appears to be gaining significantly.
Current valuations are attractive and provide an excellent entry point to selected stocks.
KANU has 114 seats out of the total of 222 seats in parliament available. New Cabinet President Moi announced his twenty two member cabinet on Thursday night. The Vice-President's appointment was not announced. The twenty two cabinet appointees were drawn entirely from KANU elected Members of Parliament and consists of ten new faces with the President making a major reshuffle in his pre-General Election cabinet. 22 members were appointed ministers while 37 were named assistant ministers.