After the costly drought and political uncertainty of 2017, in 2018 the Kenyan economy appears to have stabilised on an upward trajectory, with most forecasts seeing a more robust expansion of economic activity. However, a structural fiscal deficit and ballooning public debt continue to pose significant challenges. Consequently, an increased...
As the largest economy in the EAC and COMESA in terms of GDP, Kenya has positioned itself as a major economic power in the region and across sub-Saharan Africa. Traditionally a largely agrarian economy, Kenya has quickly entrenched its position as a manufacturing, logistical and technology hub in the region. As a market-based economy with a supportive domestic policy...
How would you assess the current business environment, and which sectors are driving investment?
Averaging 5% per year over the past decade, according to the most recent figures from the IMF, Kenya’s economic growth has been impressive. Revenue growth, however, has followed a more volatile trajectory and has often failed to meet government projections. The Kenya Revenue Authority (KRA) collected some KSh656.9bn ($6.4bn) in tax revenue in the second half of 2017, a figure...
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