Why East Africa?

With Kenya being the largest East African economy, its increasing population, which is a predominantly youthful population, its large market access, ease of doing business, resilient private sector, fast urbanization rate and leading market share of internet traffic globally, makes Kenya a conducive market for infrastructure investments. All these factors, combined with budgetary and societal constraints, has placed a burden on the Government of Kenya (GoK) to provide basic public services to its citizens. However, the current investment demands in infrastructure far outweigh the current infrastructure investments and the GoK’s ability to finance such investments. Given the need for financing infrastructure, estimated at US$3 to US$4 billion per annum, the GoK has adopted pro- private sector investment policies across all sectors of the economy. Use of private sector capital leverages the private sector’s expertise for the expansion and modernization of public infrastructure. This has led to the increased prioritization of PPPs as a way of arranging for financing of public infrastructure, which should also lead to opportunities for international and local investors.

In addition to Kenya, Uganda and Rwanda present a conducive environment for infrastructure investments. Rwanda is among the top 10 fastest growing nations in the world, while Uganda is Kenya’s top export market. According to The World Bank, some of the catalyst for recent growth within Kenya & Uganda and the broader East Africa region include their increasing domestic demand, public spending in infrastructure, improved regional stability, new investment opportunities and increased incentives for industrial development. These are all factors that lead to East Africa to be an attractive investment destination for infrastructure investors.

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