

Kenya needs Sh1.7tr in investments a year to hit 10pc growth
Posted on : Monday, 24th October 2016
Kenya requires investments worth Sh1.7 trillion a year over the next 14 years to attain its target growth rates of over 10 per cent.
This is equivalent to 32 per cent of the current gross domestic product each year.
According to Kenya Private Sector Alliance (Kepsa) Director Nick Nesbitt, these funds should be channelled into key productive sectors, such as agribusiness and infrastructural development, for maximum impact.
Mr Nesbitt was speaking during the recently concluded Speaker’s Roundtable forum between Kepsa and Parliament to discuss ways to improve the country’s business environment.
Mr Nesbitt said the country could easily mobilise the required resources if a supportive business environment is upheld by the Government.
“We need a more competitive local economy. More importantly, we can mobilise the right amount of investments and increase our competitiveness if our politics does not balkanise this country and affect our businesses adversely,” he said.
