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Analysis

Job shortages in Kenya to be addressed with skills-based learning
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With the government placing a greater emphasis on job market preparedness in its education policy, vocational training has come increasingly into the spotlight. However, while the current administration has sought to promote the efficacy of vocational training, uptake in this segment of the market is lagging. A recent 2016 report by the Kenya Institute of Curriculum Development – the government…

Analysis

Kenya's government to expand the tax base and keep cost of living reasonable
OBG
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Taxes constitute the largest source of government income and the Kenya Revenue Authority (KRA) is assigned the task of revenue collection. The country has experienced a boom in the construction sector over the last few years, but this has not led to a proportionate growth in tax revenue generated by rental income. Various measures have been put in place to encourage voluntary compliance by landlords,…

Overview

Plans exist to increase energy generation capacity in Kenya
OBG
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As with most African markets, Kenya’s power sector is defined by a two-track approach, with an eye to boosting generation and improving access. The reasoning behind the latter is clear. Electrification rates in the country are low even by continental standards, and this is exacerbated by the modest urbanisation rate. As for the former, in contrast to much of the rest of the continent Kenya currently…

Overview

Kenya tackles multi-modal upgrades to remain East Africa's transit hub
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Transport and logistics are at the core of Kenya’s economic narrative due to the country’s role as a trans-shipment hub for goods moving on to landlocked countries in East and Central Africa. The Port of Mombasa is a crucial landing point for goods, and links to the Northern Corridor that runs west across the country to the neighbouring markets of Uganda, Rwanda, Burundi and the Democratic Republic…

Overview

Prasanta Das Sarma, Managing Director, Airtel Kenya; Bob Collymore, CEO, Safaricom; Aldo Mareuse, CEO, Telkom Kenya: Interview
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Interview:Prasanta Das Sarma, Bob Collymore and Aldo Mareuse In what ways can mobile operators encourage higher levels of data consumption? PRASANTA DAS SARMA: Data consumption is still the main driver of telecoms revenue growth around the globe. Mobile operators can continue to propagate their networks by expanding 3G coverage, rolling out 4G where it is possible, and introducing more cost…

Overview

Improved infrastructure supports Kenya's agricultural exports
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Agriculture is Kenya’s largest economic sector, and held its position as a major growth driver in 2015, with ideal weather conditions improving food security and cash crop export earnings. Despite economic uncertainty, the sector has been one of the most resilient in Kenya, with ongoing efforts to improve irrigation and bolster foreign investment succeeding, even as stakeholders continue to grapple…

Overview

Infrastructure projects and private financing drive the construction sector in Kenya
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Kenya’s stand-out economic performance in a global environment of low growth is due, in part at least, to a vibrant construction industry. The sector has been accelerating at a rapid pace and making a substantial contribution to the country’s strong GDP growth figures, on the back of major public works projects and rising demand for mixed-use and residential developments. For domestic and international…

Overview

Stand-out performer: Despite short-term challenges, an expanding middle class and rapid economic growth provide strong fundamentals for growth
OBG
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As one of the major markets of sub-Saharan Africa, Kenya is of increasing interest as a real estate investment destination. The 44.2m-person country and its 4.2m-strong capital Nairobi, act as a gateway to a regional East African market approaching some 150m people. Domestically, the economy has been outperforming much of the world, the population is expanding and incomes are on the rise. Given these…

Overview

Tourism rises in Kenya once again
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Home to 60 national parks and reserves, a broad offering of cultural and historic attractions, and over 500 km of sunny coastline, Kenya has seen its tourism sector rise to become the second-largest foreign exchange earner in the country, although a spate of terrorist attacks since 2011, the 2014 Ebola outbreak in West Africa and ongoing security concerns have weighed heavily on the sector, with 2015…

Overview

Education reform in Kenya to address access and standards
OBG
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Kenya’s education sector is experiencing a period of increased investment and attention. With pressing demand created by a growing population, the government is focusing on improving access and quality across the system. The attention on the sector, and the desire to align the system with the needs of the labour market, is likely to lead to significant opportunities for private sector players, especially…