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Kenya’s Economic Outlook Information to be offered to International Investors by Bloomberg

by Milicent Atieno

Financial news publishing house Bloomberg has announced it has teamed up with Oxford Business Group (OBG), a market research and consulting firm, to give international investors up-to-date economic intelligence report on Kenya.

Andre Jeffreys, the CEO at OBG said their economic intelligence report on Kenya, will include wholesome reports on the business environment and government regulations. Jeffrey urged on the importance of this information in helping strategic investors enter into the Kenya economy.

The two firms gave assurance on delivering real-time market data to investors looking to start new ventures in the country or those thinking of joining already running ventures. The said information will be published daily on the Bloomberg portal.

In part, the Bloomberg portal says the following about the information about Kenya that will be published on that platform: “Bloomberg’s subscribers have instant, open access to OBG’s reports, economic updates about Kenya. The service, which can be accessed by running OBGR on the terminal, also provides users with blogs written by OBG’s managing editors for various sectors.”

Jeffrey also notes that the increasing intra-Africa trade is eliciting growing interest among foreign investors as it provides a cushion from future external shocks.

These and other pan-African trends have understandably heightened demand from investors for up-to-date and reliable business intelligence which we are committed to provide through our services, including our partnership with Bloomberg, said Jeffrey.

OBG regional director, Karine Loeham, acknowledged the economic reforms agendas currently being implemented in Kenya. She cited the expansion of value addition industries, services and improving infrastructure as some of the pull-factors for international invest.

Economic reforms are well underway in several African countries, including Kenya, Morocco, and Cote d’Ivoire, where services and value-added industries are expanding, while in Nigeria, we see the groundwork being laid for diversification,” said Loeham.

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