Holding enormous untapped potential, Kenya’s insurance industry has expanded rapidly over the past 10 years, with both the life and non-life segments showing consistent double-digit growth. As of early 2013 there were 47 operating insurance companies in Kenya, including 24 non-life businesses, 11 life insurers and 12 composite firms. Although the sector is still dominated by the short-term...
Headlined by two equities boards and liquid options for bonds both in primary and secondary trading, Kenya’s capital markets stand out for their maturity in comparison to most African markets, although other asset classes are in the early stages of development. The Capital Markets Master Plan (2014-23) outlines a growth programme for the short to medium term, while separately the Nairobi...
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,...
Kenya has a population of approximately 44m, with a growth rate of 2.11% in 2014, and more than one-third of the populace – 42.9% – is classified as under 14 years of age. While services are the largest GDP contributor, accounting for over 50% of economic activity, the country also has an extremely developed agricultural sector. Although it has been through its fair share of ups and downs,...
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OBG introduces the reader to the different aspects of the legal system in Ghana, in partnership with AB & David. This section includes a viewpoint from David Ofosu-Dorte, Senior Partner, AB & David, on attracting private capital to fund public sector projects.
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