Kenya has recently concluded peaceful elections and inaugurated His Excellency Uhuru Kenyatta as the new President. This change in government could mean that policy and developmental priorities will be now streamlined to reflect the winning party’s ideology. With this mandate may come changes in the economic environment in which companies operate.
Investors and the private sector are keen to understand the East African market and particularly the infrastructure projects, private sector investments and new business that can be developed in Kenya.
According to Kenyan officials, the USD$35 billion economy will grow 6%, 1.4% higher than 2013’s growth. This growth is expected in the manufacturing and financial services sector reflecting a growing retail and consumer market. Additionally, this frontier market’s currency the Kenyan Shilling has remained stable against the USD gaining 2% thus far.
Investing in Kenya
Given the opportunities in information and communication technology, financial services and infrastructure the Nedbank-NBF Networking Forum will host Kenya’s new ambassador His Excellency Patrick Wamoto to discuss the political and economic landscape, investment and commercial opportunities and how to access these in Kenya.
His?Excellency,?Patrick Wamoto will highlight the interplay of political and social culture and how that affects investing in Kenya. He will also expand on how companies can position themselves regarding these aspects to ensure that there is deeper intra-African investment.
Hosting the High Commissioner will be Dr Reuel Khoza, Chairman of Nedbank and Vice-Chairman?of the NBF. He will give his insights into approaches to investing in Africa – leading investors and financiers into discussions about how to enter this lucrative market.
?NEPAD Business Foundation
