Financial services firm Sanlam Kenya has shrugged off fears that the August General Election may impact negatively on its business.
In a statement to shareholders, Sanlam Kenya Group Chairman John Simba said the firm’s optimism is underpinned by strategic efforts to expand its new distribution channels and the introduction of new products to accelerate growth.
“2017 is an election year in Kenya and, as in all elections, business performance is expected to remain muted. The effects of the drought are also expected to be felt throughout the country, impacting on growth and exerting inflationary pressures on the economy,” he said during an annual general meeting Friday.
“Sanlam, however, remains optimistic of improved performance on the back of our continuous innovation, exploring new distribution channels, bringing to market new products and serving our customers with diligence,” added Dr Simba.
