How can sub-Saharan Africa attract more foreign direct investment (FDI) across all sectors?
How can sub-Saharan Africa attract more foreign direct investment (FDI) across all sectors?
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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