2026 Macro Outlook

Description

In this episode recorded on January 26, 2026, we break down what lies ahead for markets and the economy in 2026.Guests:— Churchill Ogutu - Economist, IC Group— Stephanie Kimani - Economist— Stellar Swakei - Senior Research Analyst, Kingdom Securities LimitedSubscribe to get notified when we make a new post.Show Notes00:00:00 Introduction00:01:25 2025 Macro Highlights00:10:15 IMF Programs, China Debt, and Liability Management00:14:57 Corporate Borrowing and MSME Access to Finance00:18:19 Debt, Securitization, Equity Markets, and the NSE Rally00:32:53 Domestic Debt, External Borrowing, and Crowding Out00:38:49 The Budget Cycle00:45:57 FX and Interest Rates00:50:02 Kenya Pipeline IPO and Gov’t’s Sale of Safaricom Stake01:02:05 Closing Remarks Get full access to The Mwango Weekly at mwangocapital.substack.com/subscribe