Kenya

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Kenya’s main power producer is looking to tap the bond market to fund the expansion of its green energy capacity, with renewable resources set to completely replace the country’s thermal electricity generation within 15 years.

A rebound in agriculture and a return to political stability have helped strengthen the momentum of Kenya’s economy in 2018, with the rollout of large infrastructure projects expected to see this growth continue in the medium term.

Kenya is set to review its incentive programme for charter flight operators, with a view to expand the scope of the scheme by adding to the list of countries covered by the policy and increasing the number of domestic destinations where the programme operates.

Recent decades have seen a downward trend in corporate taxation, with headline corporate tax rates falling by 20 percentage points since the early 1980s. The average for advanced economies dipped to 22% in 2015, and investment incentives have further reduced effective rates for transnational corporations. After the 2007-08 global financial crisis, many countries had to slash...

Kenya has followed an export-oriented trade policy since the mid-1980s, when it shifted from its previous strategy of import substitution. While the efforts of successive governments have met with some success, the trading data for 2017 makes for uncomfortable reading for planners at the Ministry of Industry, Trade and Cooperatives. According to the Kenya National Bureau of...

 

How can sub-Saharan Africa attract more foreign direct investment (FDI) across all sectors?

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