kenya: an o pportunity
DESCRIPTION
Kenya: an o pportunity. Jeff Gable. UK/ Kenya Trade & Investment Forum 3 rd December 2013. Barclays in Kenya. Established 1916 - serving clients for 97 years Strong network - 5,500 staff, 119 outlets Barclays present in 12 countries across Africa – Kenya being our 3 rd establishment. - PowerPoint PPT PresentationTRANSCRIPT
Kenya: an opportunityJeff Gable
UK/ Kenya Trade & Investment Forum3rd December 2013
2 | UK/ Kenya Trade & Investment Forum | 3rd December 2013
Barclays in Kenya
Established 1916 - serving clients for 97 years
Strong network - 5,500 staff, 119 outlets
Barclays present in 12 countries across Africa – Kenya being our 3rd establishment
Cash Management
Kenya,2012
Trade in Africa,2013
Innovation in Africa,2013
Cash Management #1 Zambia, 2011,
2012#2 Kenya, 2011, 2012
#2Mauritius, 2011, 2012
#3 Tanzania, 2012
3 | UK/ Kenya Trade & Investment Forum | 3rd December 2013
Kenya in Africa
Kenya’s position as the economic hub for the region must not be taken for granted
Smaller EAC members are making important strides to improve their competitiveness and business environment UK
S Africa
India
China
Kenya
0 25 50 75 100
Top 2012 FDI in-flows by country (#projects)
A properly functioning East African Community could begin to rival the business opportunity of Nigeria
Excitement around energy finds in Tanzania and Uganda
Rwanda’s big push in opening its markets
Opportunities through the stabilisation of South Sudan
Sources: fDi Markets, Ernst & Young’, Absa
4 | UK/ Kenya Trade & Investment Forum | 3rd December 2013
Doing business in Kenya
Challenges & questions:
– Kenya’s success as a regional hub for business depends on doing better in a host of areas
– Kenya particular poor at, ‘starting a business’, ‘registering property’, ‘paying taxes’ & ‘enforcing contracts’
– Kenya particularly good at, ‘construction permits’, ‘getting credit’, ‘business sophistication’ & ‘higher education’
Sources: World Bank East of Doing Business (2013), WEF Global Competitiveness Report 2012/13, Absa
Ease of Doing Business Survey|
Global Competitiveness
EDB 2014 Ken BurRwa Tan Uga
Overall 129 140 32 145 132
Starting a business 134 27 9 119 151Construction permits 47 126 85 177 143Electricity 166 161 53 102 178Registering property 163 52 8 146 126Getting credit 13 170 13 130 42Protectiving investors 98 34 22 98 115Paying taxes 166 143 22 141 98Trading across borders 156 175 162 139 164Enforcing contracts 151 177 40 42 117Resolving insolvency 123 164 137 134 79
Ken Bur Rwa Tan UgaOverall 96 146 66 125 129Institutions 88 144 19 97 116Infrastructure 102 146 104 134 133Macro environ. 132 129 92 131 133Health/education 119 130 94 114 127Higher education 103 148 122 138 131Goods market 80 140 41 118 120Labour market 35 123 11 49 32Financial market 31 146 57 99 77Technology 89 146 105 126 120Business soph 61 148 80 116 109Innovation 46 142 52 89 92
5 | UK/ Kenya Trade & Investment Forum | 3rd December 2013
Kenyan infrastructure
Power and transport – key planned projects:
– 700-800MW natural gas-fired (Dongo Kundu, 2 years)
– 900-1000MW coal plant (Lamu, 3 years)
– Mombasa-Nairobi railway segment (by end-2016)
– Transport corridor to South Sudan and Ethiopia (LAPSSET)
Africa LICs Kenya Africa MICs
1) Paved road density 87 152 507
2) Access to piped water 10.1 17.9 56.4
3) Power gen capacity 24 33 796
4) Internet 0.1 0.3 2.0
5) Access to electricity 15 18 60
Benchmarking infrastructure
6 | UK/ Kenya Trade & Investment Forum | 3rd December 2013
Kenya’s vision for 2030 “blueprint which aims to create a globally competitive and
prosperous country providing a high quality of life for all its citizens. It aspires to transform Kenya into a newly industrializing, middle income country by 2030”
– Infrastructure
– Public sector reforms
– Education, science and technology
– Health
– Security
– Population, urbanization and
– Housing
– Environment sanitation