Kenya

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Kenya has taken a step towards becoming an energy exporter following the launch of a pilot project aiming to capitalise on the country’s oil resources, with further efforts under way to prepare for full production.

In what ways is the reduction of cash dependency affecting the overall economy?

Increased investments in processing capacity and a push to diversify produce are boosting growth in Kenya’s agri-business industry.

The popularity of mobile money in Kenya has continued to expand against traditional payment methods. However, the fragmentation of the digital transaction market could see cash remain the preferred option for many people.

A plan to increase the availability of low-cost housing, combined with improving credit conditions, is expected to support gains in Kenya’s property market in the near to medium term.

The manufacturing sector is a key beneficiary of both Kenya’s 2018 budget and a new policy identifying medium-term economic growth drivers.

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