Economy

Kenya has a liberalised economy with a GDP of $55.2bn, which grew at 5.7% in 2013. Much of the 2013 growth was attributable to relatively low and stable inflation, and the establishment of county governments as public expenditure rose in line with the devolved system of government, according to an economic survey from 2014. Agriculture, wholesale and retail trade, transport and communication, and manufacturing led growth. As an emerging market, Kenya benefits from a number of competitive advantages, not only within East Africa but also within the wider continental context. Kenya’s blueprint for development and future planning, called Vision 2030, serves as an overarching guide to the country’s goal of seeing annual GDP growth of 10% every year from 2012 to 2030.

This chapter contains interviews with Henry Rotich, Cabinet Secretary, National Treasury; James Mwangi, Chairman, Kenya Vision 2030 Delivery Board; Vimal Shah, Chairman, Kenya Private Sector Alliance (KEPSA); Moses Ikiara, Managing Director, Kenya Investment Authority; and Atul Shah, Managing Director, Nakumatt Holdings.