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Interview

OBG talks to Adan Mohamed, Cabinet Secretary, Ministry of Industrialisation and Enterprise Development
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Interview:Adan Mohamed How much does manufacturing contribute to the economy, and what factors have caused the sector to lag behind in terms of growth? ADAN MOHAMED: Manufacturing’s share of GDP has been around 10% for a long time. While this has largely been due to growth in the services sector, it has also been a result of imports and the high cost of operations associated with power, infrastructure…
Interview

OBG talks to Charles Ireland, Group Managing Director & CEO, East African Breweries
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Interview:Charles Ireland What can be done to ease the strain on manufacturers exporting within the region? CHARLES IRELAND: The East African Community (EAC) aims to operate as a single market entity with free movement of both raw materials and finished products in the region. The reality is that this is not yet happening and there is work to be done by the various governments across the EAC…
Interview

OBG talks to Vimal Shah, Chairman, Kenya Private Sector Alliance (KEPSA)
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Interview:Vimal Shah How do you rate the level of dialogue between the government and the private sector? VIMAL SHAH: It used to be that every association would go directly to the government and officials would get different views from all of them. The government realised this and requested they speak with a united voice. This is KEPSA’s role today, engaging at the top levels, whether it…
Interview

OBG talks to Moses Ikiara, Managing Director, Kenya Investment Authority
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Interview:Moses Ikiara What can be done to maximise foreign direct investment in labour-intensive activities? MOSES IKIARA: By African standards, one of the biggest strengths of Kenya is its labour pool. Several companies locating to the country have said that coming to Kenya is a breath of fresh air. Kenya is therefore starting with a very strong advantage. A key foundation for this is education,…
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OBG talks to James Mwangi, Chairman, Kenya Vision 2030 Delivery Board
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Interview:James Mwangi What sort of policies would help achieve the growth rates outlined by the Kenya Vision 2030? JAMES MWANGI: It is imperative that all capital expenditures for the Vision 2030 should focus around three strategic areas. Firstly, investment must go principally into infrastructure – including roads, rail, harbours and airports. In this way, the private sector will be able…
Interview

OBG talks to Njuguna Ndung’u, Governor, Central Bank of Kenya
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Interview:Njuguna Ndung’u What can be done to ease inflation and ensure a more manageable rate of growth in domestic prices? NJUGUNA NDUNG’U: It is important to realise that in a country like Kenya, in the Horn of Africa, inflation is affected most by supply side shocks. Drought, the main factor that increases the volatility of prices, impacts both food supply and energy prices. First of…
Interview

OBG talks to Atul Shah, Managing Director, Nakumatt Holdings
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Interview:Atul Shah What advances have been made in recent years to ease Customs bureaucracy and import duties? ATUL SHAH: For us the most important steps rest with the efforts made to cut down on non-tariff barriers. It now takes just three days to reach Malaba from Mombasa whereas the same journey would previously have taken 10 days owing to numerous roadblocks and delays at weighbridges.…
Interview

OBG talks to Henry Rotich, Cabinet Secretary, National Treasury
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Interview:Henry Rotich What will be the greatest challenges to financing the government’s spending plans? HENRY ROTICH: Our budget structure is fairly balanced as we normally fund our entire current budget, leaving about 5% for development partners and borrowing the rest. The KSh1.8trn ($20.5bn) budget includes some domestic debt, and we collect about KSh1.2trn ($13.7bn) in domestic revenue,…
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OBG talks to Habil Olaka, CEO, Kenya Bankers Association
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Interview:Habil Olaka How are private financial institutions helping improve financial inclusion? HABIL OLAKA: From the banking sector’s perspective, two developments have charted the way forward for financial inclusion. The first is the convergence of banking services with infrastructure providers, in which banks are leveraging on existing infrastructure to provide services to Kenyans with…
Interview

OBG talks to Razia Khan, Regional Head of Research for Africa, Standard Chartered
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Interview:Razia Khan To what extent will the US tapering of the quantitative easing (QE) programme affect Africa as an investment destination? RAZIA KHAN: The consensus is that it will only affect the more liquid African markets – those that have seen a considerable increase in foreign investment – and only in the very short term, if at all. We are now well into the tapering of the QE programme.…