Kenya has a young and growing population, which has the potential to transform the country’s economic fortunes. To achieve this transformation the government will have to improve the quality and relevance of the skills young people possess. The country’s basic indicators have been moving in the right direction and compare well with the region. The state of health care in Kenya presents both...
The tourism industry is going through a challenging period, as security concerns have taken a toll on the leisure segment. The government and private investors are working to improve security and, in the meantime, the sector is diversifying and focusing on areas such as business tourism and the domestic segment.
Kenya has one of the biggest and most diverse tourism industries in East...
Kenya’s largest contributor to GDP faced significant hurdles in 2015. Exports were hit by a slowdown abroad, and the continued depreciation of the shilling led to a jump in production costs. However, rising demand both at home and regionally and increased production levels are contributing to greater foreign investment, enabling the sector to maintain its economic importance. Plummeting global...
The ongoing push for industrial expansion, as highlighted by the government’s overarching Vision 2030 strategy, has resulted in a number of positive developments over the past year, particularly in the textiles, construction materials and food processing segments. Electricity availability and reliability have improved steadily over the past year as new renewable power plants have come on-line...
The telecoms sector continues to be a critical element of the economy, laying the groundwork for greater investment and performing well in terms of mobile money and ICT infrastructure growth. As smartphone penetration and 4G coverage increase, new regulations are lowering barriers for tech imports and facilitating the expansion of e-governance. The country saw mobile penetration at 83.9% as of...
Following on from decades of positive gains, Kenya’s construction sector continues to see robust growth and remains a central component of the country’s immediate and longer-term economic growth agenda. The industry’s GDP contribution in 2014 totalled KSh259.6bn ($2.86bn), up 13.1% on 2013. This growth pushed the construction sector’s share of the economy up by a third of a percentage point to...
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