Kenya’s rapidly expanding fast-moving consumer goods (FMCG) segment has been a major driver of industrial growth, benefiting from the particularly strong demand for food and beverages (F&B) and personal care products. This has led a number of international firms to enter the market or increase existing investments in recent years, most...
The government of Kenya is looking to capitalise on high mobile penetration to expand financial inclusion, with plans to offer a new infrastructure bond exclusively via mobile phones. Originally planned for October 2015, but currently postponed indefinitely due to high interest rates, it will mark the first sale of its kind in the world...
Buoyed by years of robust GDP growth, a rising middle class, increased purchasing power and shifting consumer habits that have helped to drive the development of new shopping malls and e-commerce activities, Kenya’s retail market is poised for considerable expansion in the coming years. Although informal spaces and local chains remain the...
The telecoms sector continues to be a critical component of Kenya’s economic growth, performing strongly in terms of mobile money and ICT infrastructure expansion. The extension of 4G coverage is changing the face of the country’s internet use, and smartphone usage is also on the rise. Moreover, ongoing debates in the sector over issues of...
As the government continues efforts to incorporate ICT into its service delivery, it is implementing the Connected Kenya 2017 master plan to guide the country’s ICT and broadband development. The plan, which aims to see the sector create up to 180,000 jobs and contribute up to 8% of the value of goods and services produced in the country,...
The real estate market in Kenya remains attractive for investors, with the average property price in Nairobi rising more than fivefold in the 2007-14 period, from KSh30m ($330,000) per acre to KSh170m ($1.9m) at the end of 2014, according to HassConsult, a local real estate agency. In a positive sign for longer-term sustainability, indicators...
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