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Unlocking Growth Potential In Kenya
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Book Synopsis Unlocking Growth Potential in Kenya by : Weltbankgruppe
Download or read book Unlocking Growth Potential in Kenya written by Weltbankgruppe and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Kenya's business environment has been weakening over recent years and this has limited the private sector's ability to grow, create jobs, and contribute to economic development. Competitive domestic markets are necessary to boost Kenya's competitiveness. There are two pillars that sustain effective competition policy: (i) opening markets and removing anticompetitive regulation; and (ii) effectively enforcing competition law. The main focus of this report is the identification of regulations that could restrict competition and distort markets and business decisions, having a negative effect on Kenya's competitiveness and growth. This report contains results from a review of the regulatory framework in key areas identified using Organisation for Economic Co-operation and Development's (OECD) Product Market Regulation (PMR) indicators, the World Bank Group's framework to identify anticompetitive regulations, and interviews with stakeholders. This report is concerned only with certain regulations that affect market competition in select sectors and topical areas. The report stems from the policy dialogue with various Kenyan institutions, supported by the Kenya Investment Climate Program. This report contains three parts. Part one identifies restrictive regulations that affect the whole economy, while Part two focuses on select sectors. Part three provides policy recommendations to promote greater competition in Kenyan markets through the assessment and modification of regulations that create obstacles to competition. It also provides estimates of the potential benefits of reforming product market regulations.
Book Synopsis Unlocking Growth Potential in Kenya by : World Bank Group
Download or read book Unlocking Growth Potential in Kenya written by World Bank Group and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Unlocking Africa's Business Potential by : Landry Signe
Download or read book Unlocking Africa's Business Potential written by Landry Signe and published by Brookings Institution Press. This book was released on 2020-04-07 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: Africa welcomes business investment and offers some of the world's highest returns and impacts Africa has tremendous economic potential and offers rewarding opportunities for global businesses looking for new markets and long-term investments with favorable returns. Africa has been one of the world's fastest-growing regions over the past decade, and by 2030 will be home to nearly 1.7 billion people and an estimated $6.7 trillion worth of consumer and business spending. Increased political stability in recent years and improving regional integration are making market access easier, and business expansion will generate jobs for women and youth, who represent the vast majority of the population. Current economic growth and poverty-alleviation efforts mean that more than 43 percent of the continent's people will reach middle- or upper-class status by 2030. Unlocking Africa's Business Potential examines business opportunities in the eight sectors with the highest potential returns on private investment—the same sectors that will foster economic growth and diversification, job creation, and improved general welfare. These sectors include: consumer markets, agriculture and agriprocessing, information and communication technology, manufacturing, oil and gas, tourism, banking, and infrastructure and construction. The book's analysis of these sectors is based on case studies that identify specific opportunities for investment and growth, along with long-term market projections to inform decision-making. The book identifies potential risks to business and offers mitigation strategies. It also provides policymakers with solutions to attract new business investments, including how to remove barriers to business and accelerate development of the private sector.
Book Synopsis Unlocking the Revenue Potential in Kenya by : Masinde Muyundo
Download or read book Unlocking the Revenue Potential in Kenya written by Masinde Muyundo and published by GRIN Verlag. This book was released on 2012-08-23 with total page 91 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research Paper (postgraduate) from the year 2012 in the subject Economics - Macro-economics, general, , language: English, abstract: The new world order is one where the flow of external resources especially to emerging economies such as Kenya is shrinking. Indeed, the recent recession in developed countries was a wakeup call to many that the expected resources could one day dry up. This is happening when the need for support is increasing, hence, the need to become self sustainable and to increase the level of resources that can be raised domestically. Domestic resource mobilization (DRM) refers to the savings and investment generated by households, domestic firms, and government. The need for African countries to mobilize domestic resources as a medium-to long-term goal is now widely accepted. In the past, Africa has been rated poorly as relates to saving and investment. A sustained increase in growth rates require higher level of savings and investment, as well as increased investment productivity. Developing countries and those in transition are at present confronting unsustainable fiscal deficits; unabated debt service charges and declining external assistance, seriously affecting their development process. Domestic tax revenues are the most sustainable source of financing for public expenditures in developing countries. The experience with domestic resource mobilization of developing countries over the last 25 years has been mixed. In countries such as Botswana, Israel, Kuwait and Seychelles, the central government revenue’s share in GDP has been more than 40 percent on average. The issue of tax compliance is extremely important both to those concerned with the key role increased tax yields can play in restoring macroeconomic balance and to those concerned with tax policy and its effects on the economy in general. However, the ability of developing countries’ governments to raise direct tax revenues is constrained by a number of external and internal factors. [...]
Book Synopsis A Step Ahead by : Martha Martinez Licetti
Download or read book A Step Ahead written by Martha Martinez Licetti and published by World Bank Publications. This book was released on 2017-06-29 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sustainable economic development has played a major role in the decline of global poverty in the past two decades. There is no doubt that competitive markets are key drivers of economic growth and productivity. They are also valuable channels for consumer welfare. Competition policy is a powerful tool for complementing efforts to alleviate poverty and bring about shared prosperity. An effective competition policy involves measures that enable contestability and firm entry and rivalry, while ensuring the enforcement of antitrust laws and state aid control. Governments from emerging and developing economies are increasingly requesting pragmatic solutions for effective competition policy implementation, as well as recommendations for pro-competitive sectoral policies. A Step Ahead: Competition Policy for Shared Prosperity and Inclusive Growth puts forward a research agenda that advocates the importance of market competition, effective market regulation, and competition policies for achieving inclusive growth and shared prosperity in emerging and developing economies. It is the result of a global partnership and shared commitment between the World Bank Group and the Organisation for Economic Co-operation and Development (OECD). Part I of the book brings together existing empirical evidence on the benefits of competition for household welfare. It covers the elimination of anticompetitive practices and regulations that restrict competition in key markets and highlights the effects of competition on small producers and employment. Part II of the book focuses on the distributional effects of competition policies and how enforcement can be better aligned with shared prosperity goals.
Book Synopsis The Palgrave Handbook of Contemporary Kenya by : Wanjala S. Nasong'o
Download or read book The Palgrave Handbook of Contemporary Kenya written by Wanjala S. Nasong'o and published by Springer Nature. This book was released on 2023-05-27 with total page 485 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is a bold attempt to address a comprehensive range of themes and issues relating to contemporary Kenya. It covers independent Kenya’s history, society, culture, economics, politics, and environment with great breadth and depth, comprising thirty-four chapters divided into three parts. Part I focuses on independence and the political economy of development, followed by Part II on environment, globalization, gender, and society. Part III examines the external context’s impact and implications for Kenya and the role of Kenya in the global political economy.
Book Synopsis Is Digital Financial Inclusion Unlocking Growth? by : Purva Khera
Download or read book Is Digital Financial Inclusion Unlocking Growth? written by Purva Khera and published by International Monetary Fund. This book was released on 2021-06-11 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Digital financial services have been a key driver of financial inclusion in recent years. While there is evidence that financial inclusion through traditional services has a positive impact on economic growth, do the same results carry over for digital financial inclusion? What drives digital financial inclusion? Why does it advance more in some countries but not in others? Using new indices of financial inclusion developed in Khera et. al. (2021), this paper addresses these questions for 52 developing countries. Using cross-sectional instrument variable procedure, we find that the exogenous component of digital financial inclusion is positively associated with growth in GDP per capita during 2011-2018, which suggests that digital financial inclusion can accelerate economic growth. Fractional logit and random effects empirical estimation identifies access to infrastructure, financial and digital literacy, and quality of institutions as key drivers of digital financial inclusion. These findings are then used to help inform policy recommendations in areas related to the digitization of financial services to promote financial inclusion.
Book Synopsis Strengthening the Governance of Culture to Unlock Development Opportunities by : UNESCO
Download or read book Strengthening the Governance of Culture to Unlock Development Opportunities written by UNESCO and published by UNESCO. This book was released on 2013-11-19 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: Report gathers information on 13 projects financed by this program, focused on strengthening the systems of governance for culture in developing countries and to reinforce the role of culture as a factor for sustainable development and poverty reduction, through technical assistance missions carried out by experts on cultural policies.
Book Synopsis Kenya by : International Monetary Fund. African Dept.
Download or read book Kenya written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2015-09-23 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses Kenya’s First Review Under the Twelve-Month Stand-by Arrangement and the Arrangement Under the Standby Credit Facility, Request for Waivers for Nonobservance of Performance Criterion (PC), and Request for Modification of PC. All quantitative PCs for end-March 2015 were met, but the continuous performance criterion on external arrears was not observed owing to the emergence of temporary technical arrears on external debt. The IMF staff recommends completion of the first review and supports the authorities’ request for a modification of PCs for end-September 2015, and for waivers for nonobservance of the PCs on external arrears.
Download or read book Kenya: A Natural Outlook written by and published by Newnes. This book was released on 2013-10-22 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: Kenya is a thriving country in East Africa: its economy is largely based on the natural environment that frames the tourism sector, mainly through safaris and holidays on the coast. The natural environment also underpins the second largest industry: agriculture. Kenya’s social, technological, and industrial developments are a reference for many neighboring countries. Kenya plays a leading role in Africa and attracts huge amounts of investments. Furthermore, the humanitarian community has made Nairobi its base for international headquarters and regional offices. This makes Kenya a possible model for development and investment in its widest sense. This book aims at updating the holistic view on Kenya’s natural environment and resources. It provides a sound scientific introduction to this country’s physical and socioeconomic setting and its evolution through time and will appeal to a broad audience of students – in Kenya and abroad – as well as those working in the development and humanitarian sectors and to international donors looking for a scientific compendium on Kenya’s environment. Its structure and references allow the reader to deepen his or her knowledge of every theme touched on in the book. Combines different aspects of physical geography, water and soil resources and their management strategies Written by a blend of international and national experts Includes specific case studies
Book Synopsis Kenya by : International Monetary Fund. African Dept.
Download or read book Kenya written by International Monetary Fund. African Dept. and published by International Monetary Fund. This book was released on 2023-07-19 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Kenyan economy faces multiple near-term challenges—including limited fiscal and external buffers, elevated cost of living, exchange rate pressures, tight financial conditions—while global headwinds are weighing on activity. Tackling these challenges and ensuring a steady reduction of Kenya’s debt and debt vulnerabilities will require addressing difficult policy trade-offs with mutually reinforcing policies and carefully prioritizing the authorities’ “bottom-up” reform agenda. Downside risks to the program baseline are significant in the near term from elevated uncertainty in major economies’ outlook and in the event of insufficient policy actions to sustainably address the FX market dislocation, elevated inflation, and emerging slowdown in tax revenues.
Book Synopsis Kenya by : International Monetary Fund
Download or read book Kenya written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-01-26 with total page 89 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses key findings of the Second Review for Kenya under the Extended Credit Facility (ECF). Program implementation during the first half of 2011 was in line with the objectives. All quantitative performance criteria and indicative targets for June 2011 have been met. The authorities have requested augmentation of access under the ECF arrangement to deal with the impact of the drought and higher-than-anticipated international prices. They have adopted additional measures to address macroeconomic imbalances.
Book Synopsis Gender and Economic Growth in Kenya by :
Download or read book Gender and Economic Growth in Kenya written by and published by World Bank Publications. This book was released on 2007 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the legal, administrative, and regulatory barriers that are preventing women in Kenya from contributing fully to the Kenyan economy. Building on the 2004 FIAS Improving the Commercial Legal Framework and Removing Administrative and Regulatory Barriers to Investment report, this study looks at the bureaucratic barriers facing women in Kenya through a gender lens.
Book Synopsis Kenya Foreign Policy and Government Guide Volume 1 Strategic Information and Developments by : IBP USA
Download or read book Kenya Foreign Policy and Government Guide Volume 1 Strategic Information and Developments written by IBP USA and published by Lulu.com. This book was released on with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Local Economic and Employment Development (LEED) Culture and Local Development by : OECD
Download or read book Local Economic and Employment Development (LEED) Culture and Local Development written by OECD and published by OECD Publishing. This book was released on 2005-04-21 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication highlights the impact of culture on local economies and the methodological issues related to its identification.
Book Synopsis Land Tenure Challenges in Africa by : Horman Chitonge
Download or read book Land Tenure Challenges in Africa written by Horman Chitonge and published by Springer Nature. This book was released on 2022-01-01 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a significant contribution to the literature on land reform in various African contexts. While the economic evidence is clear that secure property rights are a necessary condition for catalysing broad-based economic development, the governance process by which those rights are secured is less clear. This book details the historical complexity of land rights and the importance of understanding this history in the process of trying to improve tenure security. Through a combination of single country case studies, comparative case studies and regional comparisons, the book is unequivocal that good governance is paramount for improving the performance of land reform programmes. All attempts at moving towards more formal secure tenure require congruence with informal norms, beliefs and values, and a set of clear systems and processes to avoid corruption and unintended negative consequences.
Book Synopsis Kenya: 2021 Article IV Consultation; Second Reviews Under the Extended Arrangement Under the Extended Fund Facility and Under the Arrangement Under the Extended Credit Facility, and Requests for Modifications of Performance Criteria and Structural Conditionality-Press Release; and Staff Report by : International Monetary
Download or read book Kenya: 2021 Article IV Consultation; Second Reviews Under the Extended Arrangement Under the Extended Fund Facility and Under the Arrangement Under the Extended Credit Facility, and Requests for Modifications of Performance Criteria and Structural Conditionality-Press Release; and Staff Report written by International Monetary and published by International Monetary Fund. This book was released on 2021-12-22 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: Kenya’s medium-term economic outlook remains positive, supported by the authorities’ continued firm commitment to their economic program amidst a complex environment. Economic recovery is well underway, but Kenya’s Sustainable Development Goals (SDGs) have suffered significant setbacks, and poverty has increased. The authorities see the program as providing essential support for sound fiscal management ahead of the 2022 elections, reinforcing their multi-year fiscal consolidation plan to reduce debt vulnerabilities and preserve priority social and development spending.
