Kenya

Kenya is introducing a number of regulatory changes to its insurance sector, including a move towards risk-based capital, increased capital requirements, new guidelines for short-term business and takaful rules.

The country’s utilities sector is in the midst of a rapid transformation, with a host of ambitious new projects expected to alter Kenya’s energy mix for the better, reducing import dependency and slowly ending decades of capacity constraints that have aggravated residential consumers and impeded industrialisation. Renewable energy development...

The government has stepped up spending in a bid to push growth back up to 6.5-7% from the 2014 level of 5.3%. In his June 2015 budget statement for the 2015/16 fiscal year, Cabinet Secretary for the National Treasury Henry Rotich said the government also aims to maintain macroeconomic stability and counter challenges such as security, drought,...

The government has made strengthening security and improving confidence a priority and it is not difficult to see why. Security concerns – a result of recent terrorist incidents, including the April 2015 Garissa University attack and the 2013 Westgate Mall attack – have had a noticeable impact on certain sectors of the economy. The most...

The country has a huge need to develop infrastructure and provide services, and the government acknowledges that it cannot succeed alone. Gabriel Negatu, the African Development Bank’s (AfDB) regional director for East Africa, told OBG that Kenya had a KSh206.7bn ($2.3bn) gap to fill in financing infrastructure for which the private sector...