There are joint venture opportunities for foreign investors seeking local partners. For instance, the government has earmarked a number of industries for privatisation, such as Sugar and Cotton processing factories, export-oriented Agri-business and investment in large-scale irrigation schemes.
In order to promote Renewable Energy projects such as wind and solar energy development programmes on a commercial scale, the Government of Kenya (GOK) has also introduced – Feed-In Tariff (FIT) policy to attract private investments.
The size of the Kenyan ICT market is estimated to be at the figures of – US$ 800 million. Kenya’s relative sophistication compared to neighbouring markets is globally renowned.
The Environment sector ranges from climate change prediction and adaptation, catchment protection, sustainable exploitation of economically viable mineral resources – to the enforcement of environmental legislation.
Kenya envisages a massive upgrading and extension of the country’s infrastructure. In this regard, the country has highlighted a number of far-reaching infrastructure projects that present significant opportunities for investors in the coming years.
With the increase in population, and a growing demand for affordable housing – wide-ranging opportunities exist in the construction of residential, commercial and industrial buildings.