The pilot phase of Kenya’s special economic zones (SEZs) is expected to be in force in the first quarter of 2016, after President Uhuru Kenyatta signed the law in September 2015. The government aims to set up the first three zones in Kisumu, Mombasa and Lamu. In June 2015 Cabinet Secretary of the National Treasury Henry Rotich stated in his...
Originally created in 1967, the EAC only took off at the turn of the century. It was moribund for two decades after collapsing in 1977. But since its revival in 2000, the body, which consists of Burundi, Kenya, Rwanda, Tanzania and Uganda, has taken great strides towards closer regional integration. Nairobi hopes that the regional body can...
The country’s bond market is the third-largest in sub-Saharan Africa after those of South Africa and Nigeria, with a trading volume of $70m-100m a day. However, during 2015 secondary trading has been slowing, largely due to changes in the economic environment and the lure of soaring interest rates for short-term debt instruments in the second...
The EAC, which comprises the member states Burundi, Kenya, Rwanda, Tanzania and Uganda, is one of the most integrated economic blocs on the continent, with intraregional trade accounting for roughly 30% of overall trade volumes – three times as much as the Economic Community of West African States or the Arab Maghreb Union in North Africa. The community has been pushing...
The Nairobi Securities Exchange (NSE) demutualisation in 2014 marked the beginning of a period of rapid innovation in East Africa’s capital markets. Together with the Capital Markets Authority (CMA), the sector’s regulator, the reforms should put the country’s markets on track for steady growth over the long term. The framework for reforms is...
Kenya’s economic outlook for the coming years looks robust, despite some challenges, such as a trade deficit, rising debt and global headwinds; yet the country is performing well, particularly in comparison to the more volatile conditions elsewhere in Africa and underwhelming growth in advanced economies. Following 2014’s GDP rebasing, the...
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