Booking deadline: 10 July 2014 Material deadline: 24 July 2014 Publication date: 8 September 2014
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THE ESSENTIAL REFERENCE IN AFRICAN AFFAIRS
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– Out 8 September 2014
KENYA
Towards a regional commercial hub • OVERVIEW Real GDP growth was up to 6% in 2013, helped by the integration of the informal economy through mobile telephony and mobile banking. Road and communication expansion is helping access new oil and mineral deposits discovered. IMF forecasts real GDP will grow at 6.2% in 2014. • ECONOMIC STEP CHANGE Commercial oil production, a transportation revolution and agriculture projects are on the horizon as Kenya seeks to profit from its strategic location. • PEOPLE TO WATCH in Business, Politics. Kenyans who are movers and shakers of Kenya’s promising future. • SECTORS AGRIBUSINESS – ICT & TELECOM – TRANSPORT & INFRASTRUCTURE – ENERGY ‐ FINANCE • FINANCE Indigenous banks lead nation’s rankings. As they continue to surge ahead on profits,local frontrunners have launched a massive push into East Africa. Ten Kenyan banks have subsidiaries in the region and had 223 branches operating in the East Africa market in 2011, up from 156 in 2010, according to the CBK. While Kenyan banks have slowed their local expansion, they are boosting their presence in the region to diversify their risk and grow earnings, a move that has benefited frontrunners like KCB and Equity Bank.
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