Profitable Investments In Kenya

Profitable Investments In Kenya – The best sectors to invest in Kenya in 2022 have created lucrative opportunities for foreign investors. Kenya is the fourth largest economy in sub-Saharan Africa with a GDP of $60 billion. The World Economic Forum’s Country Competitiveness Report ranked Kenya first in Africa in terms of human capital and research and innovation. In addition, Kenya has a favorable business environment and a strong economy. This allows many companies to reduce their operating costs and increase their profitability, making them attractive to foreign investors.

The first sector to invest in Kenya is energy. According to the Energy and Petroleum Report 2021, Kenya has successfully deployed more renewable energy than any other energy source in the region, with less than 20% of electricity coming from fossil fuels. Moreover, competition in the petroleum sector depends on the Open Auction System (OTS) for a healthy supply of petroleum products.

Profitable Investments In Kenya

The second area of investment in Kenya is the financial sector. Kenya’s financial sector continued to grow the economy by raising capital to finance investment needs. In 2015, the country was ranked first globally by the Brookings Financial and Digital Inclusion Project (FDIP) for using technology to promote inclusion. Kenya has an extensive and well-developed banking industry serving domestic, regional and international markets. 44 banks registered in Kenya. These include global names such as ABSA, Citibank and Standard Chartered Bank.

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A third area of investment in Kenya is information and communication technology. Kenya has become a global technology hub as it attracts strategic business activity from emerging market ICT companies. Kenya is a regional leader in the ICT sector in East and Central Africa and is considered one of the innovation hubs in Sub-Saharan Africa. Also, Kenya is the best choice for regional headquarters. Several blue-chip technology companies operate from Nairobi as regional headquarters for their operations in East and Central Africa and Africa. Some of them include Microsoft, Samsung, Andela, Kaspersky, Cisco and Airtel.

Manufacturing is an important sector in Kenya’s economic development. There are opportunities for direct and co-investment in such sectors as agro-processing, apparel, auto parts and electronics, plastics, paper, chemicals, pharmaceuticals and metals. , construction products for the domestic and export markets. In addition to the high demand for locally produced goods, Kenya’s products have access to regional markets as a member of two important regional economies, the East African Community (EAC) and the Common Market for Eastern and Southern Africa (COMESA).

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The sixth area of investment in Kenya is infrastructure. The Government of Kenya is actively seeking customers to improve and expand its infrastructure network in the country and in East Africa. In addition, measures in the infrastructure sector will strengthen the legal and regulatory framework for PPPs to attract more private investment, creating a platform for investment in low-cost clean energy technologies. Requiring increased investment in clean energy and ensuring competitive pricing through an open, competitive auction system could save about $1.1 billion over a decade.

Kenya is one of the countries with the highest agricultural productivity in the EAC region. Agriculture is the focus of 70% of the country’s exports, and the sector employs 85% of the rural workforce. The agricultural sector continues to grow at nearly 5% annually and has greater potential for growth. Foreign investors in Kenya are encouraged to explore business opportunities in the agribusiness value chain from primary production to value addition and food processing. Agribusiness attracted 20% of the total investments in the region, which shows a huge investment potential.

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Kenya has a thriving construction industry with quality construction, architecture and architectural design services. In addition, Kenya’s middle class is driving accelerated urbanization, contributing to increased consumer demand for expensive goods and services. This trend is expected to continue, with 50% of the population living in cities. By 2050, the country’s per capita income has grown at a compound annual growth rate (CAGR) of 2% over the past decade.

With rapid population growth and increasing demand for affordable rental housing, opportunities for residential, commercial and industrial buildings will increase. Making the real estate and construction sector one of the best investments in Kenya.

The ninth sector for investment in Kenya is tourism. Tourism is one of the most important industries in Kenya and is closely related to transport, food production, retail and entertainment. Also, as one of the most popular business and leisure travel destinations in the world, foreign investors in Kenya have taken advantage of several government-led programs to invest in the sector. These include the establishment of resort towns, premium brand parks, development of premium premium products and MICE tourism facilities and international brand hotels.

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Whether you are investing locally or internationally, it can seem difficult and difficult to find the right area to invest in. We hope this short but comprehensive post on the best sectors to invest in Kenya in 2022 will get you off to a good start.

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Uncategorized cookies that are being analyzed and have not yet been assigned a category. Standard Chartered recommends a “play it safe” investment strategy for investors in Kenya amid an expected recession in the US and Europe and recovery in China. Slowing global inflation and Fed rate hikes in the first half of 2023.

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