As it is in so many other emerging markets, one of the main priorities for Kenya’s government is to tackle its large public sector wage bill. The public sector employs 681,000 people, which is roughly 32% of Kenya’s formal sector workforce of 2.1m, according to the Kenya National Bureau of Statistics.
Tax revenue is an area of growing focus in Kenya, with 2014 featuring new and increased levies, a new law covering value-added tax (VAT), enhanced compliance efforts, and strategies to move informal and unregulated activity into the formal and taxable economy. State revenue was 23.1% of GDP for both the 2011/12 and 2012/13 budgeting cycles. Tax revenues climbed, however...
Kenya’s economy is partly tied to those of its neighbours through their shared history, its role as a port to serve landlocked countries to the west and north, and its membership in the East African Community (EAC). This is a regional integration organisation with an ambitious agenda including common markets, a common currency and ultimately a single federated state...
As an emerging market, Kenya benefits from a number of competitive advantages, not only within East Africa but also within the wider continental context. The country has recently undergone a significant overhaul of its governmental system, devolving key powers to local counties, while a spate of underground discoveries have prompted new interest in the hydrocarbons...
In mid-2014 Kenya’s fiscal position was a mixture of positives and negatives, with the country benefitting from a position of comparative stability while facing up to a selection of potential future risks. The government’s task currently is to maintain fiscal discipline across both national and local balance sheets, while at the same time embarking on development...
Seven years after publication of the Vision 2030 national development roadmap (V2030), Kenya is moving toward the integrated development of industry involving the upgrade of infrastructure, regulation and skills. Policy is being guided by V2030, the National Industrialisation Policy Framework 2012-30 (NIPF) and the Second Medium-Term Development Plan 2013-17 (MTDP2), in...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×