Looking at this 2011 survey we can just say 2012 will be hell for Kenya.This are my reasons.
In 2011 the CBR was about 6% for most of the H1 it started increasing in H2 before raising to the current level in Q4.Most loans were around 15% until the rise in CBR.
The environment was conducive for growth,but what we are seeing is a contraction and when you look at the market currently the reverse is true....CBR is still high bank loans are averaging 25% and fuel cost is yet to go down it is actually increasing.
If 2011 was this bad (looking at the papers today) 2012 will be worse.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3