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Overview

A third of state powers are being transferred to the counties
OBG
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A historic transition is under way in Kenya that could have profound implications for its economy: as part of the implementation of its 2010 constitution, the national government is devolving about a third of its powers and responsibilities to 47 newly created counties. The ultimate objective of the process is to usher in a more decentralised approach to public service delivery, which, while challenging…

Overview

Investor-friendly laws aim to foster further development
OBG
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Kenya is at a pivotal point in its economic development, buoyed by a peaceful transition of power to a new government and the historic 50th anniversary of independence from colonial rule. Despite the turbulence occasioned by the changes to the political power structure and the country’s continuing engagement in Somalia, Kenya continues to witness significant growth and economic expansion. The economy…

Overview

Kenya hotel listings
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Nairobi NAIROBI INTERCONTINENTAL City Hall Way T: +254 20 32 00 000 F: +254 20 32 00 036 sales@icnairobi.com Rooms: 380 air-conditioned rooms, including 1 presidential suite, 2 executive club suites, 4 deluxe suites, 7 superior suites, 64 Club InterContinental rooms, 72 deluxe rooms, 173 superior rooms, 56 standard rooms and 1 wheelchair-accessible room. Business & Conference Facilities:…

Overview

A regional heavyweight:
OBG
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With the devolution process and increased integration with the EAC under way, Kenya’s economy benefits from a number of competitive advantages. Decentralising state power has allowed for more growth in new areas and is expected to boost FDI. The government is also determined to better balance policy goals, boost tax revenues and rein in payrolls. Kenya in figures All change: From one-party state…
Interview

OBG talks to President Uhuru Kenyatta
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Interview:President Uhuru Kenyatta What are the challenges to the implementation of Kenya’s Vision 2030 development plan? PRESIDENT UHURU KENYATTA: It is clear that Kenya has occasionally had governance problems in the past, especially where projects of this magnitude are concerned. Money has been wasted through inefficiency, corruption and poor planning. The challenge for us is to make sure…
Interview

OBG talks to Mark Simmonds, Former Parliamentary Undersecretary of State for Foreign & Commonwealth Affairs, British Foreign & Commonwealth Office
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Interview:Mark Simmonds What opportunities exist for increased bilateral investment between Kenya and the UK? MARK SIMMONDS: The UK government has identified oil and gas, along with the development of the Lamu Port South Sudan-Ethiopia Transport Corridor linking northern Kenya, South Sudan and Ethiopia, as two important high-value opportunities. In addition, financial services and ICT hold…
Interview

OBG talks to Nicholas Westcott, Managing Director for Africa, European External Action Service
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Interview:Nicholas Westcott To what extent will the EU’s approach to its African partners shift away from an aid-based relationship? NICHOLAS WESTCOTT: A key theme of the recent EU-Africa Summit in Brussels was the importance of shifting the relationship between our continents from one based on aid to one focused on trade and investment. While the EU has pledged €28bn of aid over the 2014-20…
Interview

OBG talks to Richard Sezibera, Secretary-General, East African Community (EAC)
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Interview:Richard Sezibera What are the risks of the current timeframes set for developing the EAC Monetary Union? RICHARD SEZIBERA: The Monetary Union Protocol was signed in 2013, and it sets out a 10-year roadmap to a single currency for East Africa. Most importantly, it provides for fiscal, financial and monetary policy harmonisation. Partner states have agreed on critical macroeconomic…
Interview

OBG talks to Manu Chandaria, Chairman, Comcraft Group
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Interview:Manu Chandaria What can be done to improve regional integration in the East African Community (EAC)? MANU CHANDARIA: People have realised that there are inevitable problems to integration and have therefore accepted the current cooling-off period. However, no one is saying that integration can not go any further. Kenya, Uganda and Rwanda came together to announce some common policies,…
Interview

OBG talks to Betty Maina, CEO, Kenya Association of Manufacturers (KAM)
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Interview:Betty Maina How can the “Buy Kenya, Build Kenya” campaign to promote local manufacturing be improved? BETTY MAINA: The local market can expand only when preference is given to local public procurement. There must be some level of affirmative action in public procurement for local industrial products by government agencies, coupled with public support for Kenyan products. There…