A number of automotive manufacturers have recently committed to increase production activity in Kenya, benefiting in part from the roll-out of new fiscal incentives.
Kenya
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Economic update | Kenya Year in Review 2016
18 Jan 2017
In contrast to many other large African markets, Kenya was less affected by sustained low commodity prices during 2016 and continued to post strong growth throughout the year, despite a slight heating of inflation and tighter credit climate.
A national drive to provide 100% of Kenya’s population with electricity by 2020 and reduce load losses is gaining momentum, steered by a multi-billion-dollar project pipeline.
With first production due to begin next year at Kenya’s newly developed oilfields in the north, plans are under way to put in place the necessary transport infrastructure to ship the country’s crude to the eastern coast.
Stronger brand recognition, an improved security climate and higher capacity are driving growth in Kenya’s meetings, incentives, conferences and exhibitions (MICE) tourism segment.
Authorities in Kenya are turning to technology to help improve access to health care in the country’s more remote areas, where close to three-quarters of the population lives.