There are therefore a myriad of opportunities for UK companies in Kenya specifically:
- Ports: The government has in the current budget FY 15/16 allocated approximately £11million pounds towards construction of 3 new airports, the upgrade of 2 airports, and approximately £4.1 million to replace ferries. In addition, the government has an ambitious plan to develop a large port off the Indian Ocean Coast in the Lamu area that is expected to serve the northern part of Kenya, where oil has recently been discovered, as well as landlocked South Sudan and Ethiopia.
- Rail: The government has in the current budget FY 15/16 increased its allocation approximately £733 million towards standard gauge rail and approximately £23 million towards an urban commuter rail system.
- Oil & Gas: Recent Oil discoveries and high potential gas finds have created opportunities that will require related infrastructure.
- Low Carbon Energy: The potential for geothermal energy stands at over 10,000MW coupled with the high potential for solar and wind energy development. The government has in the current budget allocated approximately £81 million FY 15/16 towards geothermal development.
Opportunities in this sector include: local content development, education and training, supply of equipment, support services etc.
Education and Training
In FY 15/16 the Government has allocated approximately £109 million towards deployment of laptops to schools, development of digital content, and building capacity for teachers and rolling out computer laboratory, and an additional approximately £2.1 million for purchase of computers. Opportunities are in training, building capacity, development of digital content and supply of computers and ancillaries.
Defense and Security:
The government has allocated over £701 million towards the enhancement of security. Opportunities in this sector include: supply of surveillance equipment, border control solutions, anti-poaching equipment and training of security personnel.
Opportunities exist for companies to provide a number of products and services from advisory and capacity building to technical support, as the banking sector remains undeveloped with total assets dominated by loans amounting to nearly 30% of GDP. Industries with particular financial services opportunities include: Extractives, Energy and Agriculture.
FCO economic factsheets
Economic factsheets briefly summarising key economic data for over 180 countries and territories. Click here for details.