I expect the high inflation environment to persist in the coming months due to effects of drought. In broad terms, Kenyans should expect to dig deeper into their pockets.

We expect the economy to maintain the robust, growth experienced last year though the impact of the drought would be felt in a few sub-sectors.

The environment we have (low rates, low inflation) is a good environment for small companies.

We're in an almost perfect environment: low inflation, strong corporate profits and a benign Fed. It certainly seems that the Dow can continue to make new highs.

Of the two main challenges for the Fed, a slight slip in activity versus a pick-up in inflation, we think insuring long- term price stability is the more pressing issue.

Inflation is a massive theme because we are in a rising-interest-rate environment. I think there is enough pressure for the European Central Bank to raise interest rates fairly aggressively.