Kenya

In early November Kenya’s Parliament agreed to remove a cap on interest rates that had been in place since 2016.

Kenya is moving ahead with plans to improve its transport infrastructure network, with a number of key projects expected to boost connectivity and regional trade.

Kenya accounted for the bulk of private equity (PE) and venture capital (VC) transactions by volume and value in East Africa in the last five years, and improvements to the business environment could see the country retain its lead going forward.

Kenya’s main power producer is looking to tap the bond market to fund the expansion of its green energy capacity, with renewable resources set to completely replace the country’s thermal electricity generation within 15 years.

A rebound in agriculture and a return to political stability have helped strengthen the momentum of Kenya’s economy in 2018, with the rollout of large infrastructure projects expected to see this growth continue in the medium term.

Kenya is set to review its incentive programme for charter flight operators, with a view to expand the scope of the scheme by adding to the list of countries covered by the policy and increasing the number of domestic destinations where the programme operates.