The Report: Kenya 2018

  • ID: 4702048
  • Country Profile
  • Region: Kenya
  • 212 Pages
  • Oxford Business Group
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FEATURED COMPANIES

  • Barclays Kenya
  • Britam Asset Managers
  • Central Bank of Kenya
  • Cosmos
  • East Africa Coca-Cola
  • Genghis Capital
  • MORE

While Kenya is no stranger to political strides experienced across the region, the country has managed to avoid long periods of crisis - whether political, economic or social - and has been able to overcome its challenges in relatively short periods of time

Kenya in brief

As the largest economy in the EAC and COMESA in terms of GDP, Kenya has positioned itself as a major economic power in sub-Saharan Africa. Traditionally a largely agrarian economy, Kenya has quickly entrenched its position as a manufacturing, logistics and technology hub in the region, and this diversification forms a solid platform from which the government can generate economic growth over the coming years. The resolution of the electoral process, improving business confidence and strong private consumption are likely to support GDP expansion over 2018 and into 2019. In April 2018 the IMF estimated the economy would expand by 5.5% in 2018 and 6% in 2019, compared to 4.8% in 2017.

Country Profile

  • Kenya continues to play an important role in the region
  • Political reforms address previous electoral instability
  • Deepening relations with partners across Asia
  • New political and monetary federations in the works
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Barclays Kenya
  • Britam Asset Managers
  • Central Bank of Kenya
  • Cosmos
  • East Africa Coca-Cola
  • Genghis Capital
  • MORE

SNAPSHOT

  • Kenya in brief

COUNTRY PROFILE

  • Regional gateway: Role as key regional political and economic player deepens
  • Interview: President Uhuru Kenyatta
  • Hopeful prospects: Extensive reforms viewed as stabilising the legal and political climate
  • Community efforts: The EAC’s efforts to establish both political and monetary federations break new ground
  • Interview: Monica Juma, Cabinet Secretary, Ministry of Foreign Affairs and International Trade
  • Interview: Libérat Mfumukeko, Secretary-General, EAC
  • Global village: Medium-term prospects suggest globalisation is set to continue
  • Interview: Liam Fox, UK Secretary of State for International Trade

ECONOMY

  • Next level: Conditions for growth have improved, though challenges remain
  • Interview: Anne Kirima-Muchoki, Chairperson, Kenya Investment Authority
  • Duty calls: Efforts to boost revenue growth focus on the tax framework
  • Interview: Carole Kariuki, CEO, Kenya Private Sector Alliance
  • Interview: Ray W Washburne, President and CEO, Overseas Private Investment Corporation
  • Trading up: National trade policy aims to facilitate market access for a wider range of value-added products and services
  • Tax liabilities: Impacts of the trend towards lower corporate tax rates on developed and developing economies

BANKING

  • Shifting focus: Despite some challenges, fundamentals remain strong as banks embrace consolidation and digitalisation
  • Interview: Patrick Ngugi Njoroge, Governor, Central Bank of Kenya Strategy rethink: The government looks to keep interest rates in line and promote lending without stifling growth
  • Interview: Joshua Oigara, CEO and Managing Director, KCB Group
  • Interview: Jeremy Awori, CEO, Barclays Kenya Fintech revolution: Tech solutions are driving the evolution of the sector landscape
  • Interview: Kenneth Kaniu, CEO, Britam Asset Managers

CAPITAL MARKETS

  • Regional linchpin: New investment products and continuing regulatory support ensure the bourse remains a leader on the continent
  • Interview: Geoffrey Odundo, CEO, Nairobi Securities Exchange
  • In on the fund: Market sees strong early uptake of exchange-traded funds
  • Interview: Geoffrey Gangla, CEO, Genghis Capital Market analysis & data provided by Genghis Capital
  • REIT on time: Real estate investment trusts
  • Grading on a curve: Fixed-income securities
  • Bearing resemblance: Benchmarking equities
  • Indexed growth: Inclusion in global indices often results in a greater inflow of funds

INSURANCE

  • Premium growth: Increasing offering set to double penetration rates
  • Tech savvy: Mobile options and tech-driven solutions are increasing access
  • Interview: Godfrey K Kiptum, Commissioner of Insurance; and CEO, Insurance Regulatory Authority
  • Reassuring trend: New reinsurance programmes are bolstering coverage against natural disasters in emerging markets

INDUSTRY & RETAIL

  • Productive plans: Increased focus on manufacturing to drive industrial growth
  • Interview: Peter Munya, Cabinet Secretary, Ministry of Industry, Trade and Cooperatives
  • In the cross hairs: Public policy and private investment target manufacturing
  • Interview: Ahmed Rady, General Manager, East Africa Coca-Cola
  • Into high gear: Global economies are preparing for the opportunities and challenges brought about by the next industrial revolution
  • New and improved: Optimism grows as retailers adapt to challenges

ENERGY & MINING

  • Upstream interest: Increased capital investment adds to a strengthened and diversified energy offering
  • Interview: John Munyes, Cabinet Secretary, Ministry of Petroleum and Mining
  • Interview: Johnson Ole Nchoe, Managing Director and CEO, Geothermal Development Company
  • Hot topic: Reforms seek to tap geothermal assets to support regional development and improve the fiscal solvency of the national government
  • Unlocked potential: New mining law provides domestic and international investors with greater clarity and brings the country broadly in line with international standards

TRANSPORT

  • Air, land and sea: Multi-modal developments are under way to maintain the country’s position as a key international transit hub
  • Interview: Silvester Kasuku, Director-General and CEO, Lamu Port-Southern Sudan-Ethiopia Transport Corridor
  • Skybound: Rapid expansion of the global aviation industry propels investment efforts, supported by the expansion of the middle class

AGRICULTURE

  • Cutting with the grain: Building resilience, security and value is key to the development
  • Interview: Agnes Kalibata, President, Alliance for a Green Revolution in Africa
  • Sowing the future: Agri-tech data drives a revolution in moving food to markets
  • Seeking sustainability: Digital and precision farming practices are poised to bolster global agriculture resiliency

ICT

  • Silicon Savannah: Infrastructure upgrades and cross-network interoperability agreements
  • bolster an already robust market
  • Interview: Joseph Mucheru, Cabinet Secretary, Ministry of ICT
  • Mobile money: Although digital transactions are gaining popularity, market fragmentation could see cash remain the preferred option for many citizens
  • Building blocks: Blockchain technology is finding multiple applications that could revolutionise global trade and provide opportunities for the developing world

CONSTRUCTION & REAL ESTATE

  • Building momentum: Progress made on cross-country transport works, but challenges remain regarding land, competition and labour
  • Back to business: Outlook brightens after slower economic activity, softening demand and prolonged electioneering in 2017
  • No place like home: Increased availability of low-cost housing, coupled with healthy credit growth, is set to support the market over the medium term
  • Interview: Mucai Kunyiha, Chairperson, Kenya Property Developers Association Sustainable urbanisation: As urban populations undergo rapid growth around the globe, planners work to create efficient spaces

TOURISM

  • On the rise: Government initiatives and infrastructure development support increasingly robust sector performance
  • Meeting expectations: Security and engagement key to further growth in the meetings, incentives, conferences and exhibitions industry

HEALTH & EDUCATION

  • Expanding care: The government is moving to boost coverage by shoring up its strengths
  • Interview: Vimal Patel, Managing Director, Cosmos
  • Promoting pharmaceuticals: As health care provision expands, demand for both local and imported pharmaceutical products is rising
  • Making the grade: Curriculum changes seek to increase access and standards
  • On the job: Development and promotion of technical and vocational training key to improving employment rates

TAX

  • Broad appeal: A guide to the tax framework for individuals and businesses
  • Next steps: Policymakers debate the introduction of consumption taxes to offset non-compliance
  • Viewpoint: Gitahi Gachahi, CEO, EY Eastern Africa

LEGAL FRAMEWORK

  • Oseko & Ouma
  • Stable system: Updated regulatory frameworks enhance oversight of key economic sectors
  • Viewpoint: Christine A Oseko, Managing Partner, Oseko & Ouma

THE GUIDE

  • Take it easy: Hotel listings
  • Listings: Helpful telephone numbers
  • Facts for visitors: Useful tips for new arrivals
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  • Alliance for a Green Revolution in Africa
  • Barclays Kenya
  • Britam Asset Managers
  • Central Bank of Kenya
  • Cosmos
  • East Africa Coca-Cola
  • Genghis Capital
  • Geothermal Development Company
  • Insurance Regulatory Authority
  • KCB Group
  • Kenya Investment Authority
  • Kenya Private Sector Alliance
  • Kenya Property Developers Association
  • Lamu Port Southern Sudan-Ethiopia Transport Corridor
  • Nairobi Securities Exchange
  • Overseas Private Investment Corporation
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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