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Kenya: an o pportunity

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.

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Kenya: an o pportunity

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  1. Kenya: an opportunity Jeff Gable UK/ Kenya Trade & Investment Forum 3rd December 2013

  2. 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 Cash Management #1 Zambia, 2011, 2012 #2 Kenya, 2011, 2012 #2Mauritius, 2011, 2012 #3 Tanzania, 2012 Innovation in Africa, 2013

  3. 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 Sources: fDi Markets, Ernst & Young’, Absa • 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

  4. Doing business in Kenya Ease of Doing Business Survey Global Competitiveness • | • 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

  5. Kenyan infrastructure Benchmarking infrastructure • Powerand transport – key planned projects: • 700-800MW natural gas-fired (DongoKundu, 2 years) • 900-1000MW coal plant (Lamu, 3 years) • Mombasa-Nairobi railway segment (by end-2016) • Transport corridor to South Sudan and Ethiopia (LAPSSET)

  6. 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

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