A COUNTRY OF OPPORTUNITIES
The Kenyan economy, East Africans largest has experienced considerable growth in the past few years driven by several key sectors.The country enjoys some particular advantages: a reasonable well educated labor force, a vital part that serves an entry point for goods destined for countries inn the East and Central African interior, abundant wildlife and miles of attractive coastline and a government which after an uncertain start, is committed to implementing business reforms.
Areas of Investment Prioritized by the Government under Vision 2030
The Lamu Port - South Sudan - Ethiopian Transport Corridor (LAPSSET)
The LAPSSET Corridor Program is Eastern Africa’s largest and most ambitious infrastructure project bringing together Kenya, Ethiopia and South Sudan. This mega project consists of seven key infrastructure projects starting with a new 32 Berth port at Lamu (Kenya); Interregional Highways from Lamu to Isiolo, Isiolo to Juba (South Sudan), Isiolo to Addis Ababa (Ethiopia), and Lamu to Garsen (Kenya), Crude Oil Pipeline from Lamu to Isiolo, Isiolo to Juba; Product Oil Pipeline from Lamu to Isiolo, Isiolo to Addis Ababa; Interregional Standard Gauge Railway lines from Lamu to Isiolo, Isiolo to Juba, Isiolo to Addis Ababa, and Nairobi to Isiolo; 3 International Airports: one each at Lamu, Isiolo, and Lake Turkana; 3 Resort Cities: one each at Lamu, Isiolo and Lake Turkana; and The multipurpose High Grand Falls Dam along the Tana River.
Standard Gauge Railway (MADARAKA EXPRESS SERVICE)
The Governments of Kenya, Uganda, Rwanda and Southern Sudan are committed to providing high capacity, cost effective railway transport within the Northern corridor.
This will be achieved through the construction of a high capacity, high speed Standard Gauge Railway for passenger and freight transportation. The Governments of the four countries have signed and ratified a Protocol for the development of an SGR connecting the port of Mombasa to Kampala, Kigali and Juba.
Each country will develop the section of the railway line within its borders. Kenya is therefore developing the Mombasa –Malaba section of the entire proposed network to Kigali through Uganda.
Kenya Vision (2030)
The Kenya Vision 2030 is the national long-term development policy that aims to transform Kenya into a newly industrializing, middle-income country providing a high quality of life to all its citizens by 2030 in a clean and secure environment. The Vision comprises of three key pillars: Economic; Social; and Political. The Economic Pillar aims to achieve an average economic growth rate of 10 per cent per annum and sustaining the same until 2030.
The Social Pillar seeks to engender just, cohesive and equitable social development in a clean and secure environment, while the Political Pillar aims to realize an issue-based, people-centered, result-oriented and accountable democratic system. The three pillars are anchored on the foundations of macroeconomic stability; infrastructural development; Science, Technology and Innovation (STI); Land Reforms; Human Resources Development; Security and Public Sector Reforms.
Culture and Tourism (MAGICAL KENYA)
Tourism is one of the most important social-economic sectors in Kenya. The sector contributes about 10 percent of the Gross Domestic Product (GDP) and employs about 9 percent of the total wage workforce in the country.
The sector has high multiplier effects as its growth stimulates further development in other sectors of the economy. The Kenya Vision 2030 recognizes the importance of the sector and envisages Kenya to be among the leading long haul tourist destinations in the world, offering a high – end diverse and distinctive visitor experience.