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Overview

Infrastructure development is set to boost the economy
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As East and Central Africa’s largest economy, holding a strategic position that includes more than 1400 km of coastline and the region’s biggest and busiest port, Kenya represents a critical lifeline for landlocked neighbouring countries. As such, its transportation network plays a significant role in future domestic and regional development. Expansion of infrastructure and transportation networks…

Overview

At the centre of the country’s economic ambitions, the sector eyes continued expansion
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Following several years of sustained growth, the outlook for Kenya’s construction sector remains positive as the industry benefits from the elevated levels of public spending outlined in the Vision 2030 development strategy. With a host of infrastructure projects planned, as well as increased housing demand, contractors are set to profit from a continuation of the robust upward trajectory of recent…

Overview

Sector prospects broaden as economic devolution accelerates
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One of Africa’s best-performing markets for investors, in the past 14 years Kenya’s property prices have increased three-fold, including a 9.6% year-on-year leap from 2011 to 2012, according to HassConsult, a local property development and services firm. Investment returns are in excess of 28%, figures from the Kenya Property Developers Association show. The sector is dominated by Nairobi, which…

Overview

Infrastructure expansion and user penetration have laid the groundwork for new growth
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The telecommunications sector in Kenya is one of the more dynamic in Africa, having garnered recognition in particular for its success in rolling out mobile money platforms and value-added services, and benefitted in a broader sense from the government’s effort to increase the role of telecoms and ICT in the country’s overall development. Kenya and South Africa lead the continent in mobile commerce,…

Overview

Reliance on mobile broadband wanes as underwater cables connect the country
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An aggressive approach to building infrastructure has yielded significant benefits for Kenya, bolstered by growth in mobile money platforms, which has helped encourage start-ups and expand digital value-added services. The country’s Connected Kenya 2017 master plan for ICT and broadband development clarifies its step-by-step vision for growth and its needs for foreign investment along the way. Statistics According…

Overview

Already a major contributor, the sector is set to benefit from state-backed development and irrigation efforts
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As the country’s largest employer and contributor to foreign exchange, agriculture is a critical pillar of Kenya’s society and economy, and the sector has grown steadily in recent years, despite facing a host of challenges. Although staple crops and subsistence farming are critical to maintaining food security, Kenya is also the world’s largest exporter of black tea, and the country’s horticulture…

Overview

With ongoing weak demand from traditional markets, sector authorities are looking to new niches
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With its Indian Ocean beaches, abundant wildlife and vibrant cultural heritage, Kenya has long been a popular tourist destination. Tourism continues to be a critical industry for the country, although it has taken a number of serious knocks recently amid insecurity and travel advisories issued by several Western nations. However, the sector’s long-term fundamentals remain extremely attractive and…

Overview

Spending increases help tackle challenges of quality provision
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Over the past decade, intensive attention and investment have been directed at Kenya’s education sector as the government works toward industrialisation under the Vision 2030 national development plan – which was launched by former President Mwai Kibaki in 2008 and comprises a series of five-year implementation plans. The introduction of universal primary education and the abolition of secondary…

Overview

Devolution and fresh funds should help improve access and indicators
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Following decades of stagnation in basic health care indicators, Kenya’s health sector is slowly picking up. The government has found it challenging in the past to implement reforms aimed at reducing HIV/AIDS, improving maternal and child health, and combatting both communicable and non-communicable diseases (NCDs). Health care spending remains low, while key indicators such as maternal mortality…

Overview

The nation’s tax law in detail
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Kenya has a broad taxation system covering income tax, value-added tax (VAT), and Customs and excise duty. These are governed by independent legislations that make provisions for the charge, assessment and collection of the respective taxes. Corporate governance is also at the core of businesses’ operations. Corporate Entities The operation of corporate entities in Kenya is governed by certain…