Access to the American market
Kenya is a beneficiary of the Africa Growth and Opportunity Act (AGOA)
under which initiative, Kenya’s manufactured products enjoy duty free
access to the US market. Both foreign and local investors in Kenya are
encouraged to invest in the production of textile, leather,
horticulture, fish, rubber, iron and steel products which offer
benefits under the AGOA scheme.
Kenya’s manufacturing sector has vast opportunities for investment,
especially in providing forward and backward linkages. Untapped
opportunities exist in agro-processing, manufacture of textiles and
apparel, automotive components, electronic assembly, plastics, paper,
chemicals, pharmaceuticals, metals and engineering.
Agriculture is the largest sector of the Kenyan economy and provides a
source of revenue for approximately 75 per cent of the population. It
offers significant range for diversification predominantly in the area
of non-traditional exports.
Agriculture provides substantial investment opportunities in the beef
export industry which encompasses the establishment of quality
abattoirs, establishment of EU compliant disease-free zones, milk
processing and manufacture of animal feeds amongst others. Other
opportunities exist in the poultry sub-sector, honey refining and
packaging and ostrich farming.
The fisheries sub-sector specifically has extensive opportunities that
have not been exploited.
Such opportunities include provision of cold storage facilities,
fish-harvesting, fish-processing plants, utilization of by-products like
fish-bones to make fish-meal, aquaculture, mari-culture (Shrimp
farming), and joint fishing ventures in the exclusive economic zones.
Conserving the environment
Since independence, successive Kenyan Governments have always recognized
that environmental degradation adversely affects productivity thereby
increasing poverty levels. This appreciation is rooted on the fact that
Kenya is endowed with immense resources in its flora and fauna and these
natural resources are the backbone of growth and livelihood.
Kenya has therefore been at the forefront in advocating for sustainable
development, a fete reinforced by the fact that UNEP and UNHABITAT are
headquartered in Kenya. There are remarkable efforts in environmental
conservation from local and international organizations. One of the most
notable local initiatives is the Green Belt Movement founded by
Professor Wangari Mathaai whose efforts over the years were recently
awarded with the Nobel Peace Prize.
Development of infrastructure
Given the inadequacy of some of Kenya’s physical infrastructure, the
sector offers extensive opportunities for investment.
These include the upgrading of slum and informal settlements,
construction of urban middle and low-income housing, manufacture and
supply of building materials and components, participation in the
concessioning and dualing of the Mombasa-Malaba and Busia highway on the
Northern Corridor Programme, and provision of credit to construction