Kenya at a tipping point for robust growth driven by the telecommunications revolution - http://bit.ly/fXB8aw
Kenyans may experience a new wave of robust economic growth driven by several factors including the telecommunications revolution, according to the latest economic forecast by the World Bank in Kenya.The economy is likely to expand at 4.9 percent in 2010 and 5.3 percent in 2011, says the Kenya Economic Update for December 2010. The economic report, Kenya at the Tipping Point, finds that growth of 6 percent is possible next year if no shocks occur. - http://bit.ly/fXB8aw
I actually think that those are conservative figures. The election might hamper growth slightly due to speculation but I believe a lot of companies even outside the telcoms sector are gearing up for countrywide expansion to offer services to new counties awash with minimum 2 billion ksh each year.... On Mon, Jan 10, 2011 at 7:44 AM, Mbugua Njihia <mbugua@symbiotic.co.ke>wrote:
Kenyans may experience a new wave of robust economic growth driven by several factors including the telecommunications revolution, according to the latest economic forecast by the World Bank in Kenya.The economy is likely to expand at 4.9 percent in 2010 and 5.3 percent in 2011, says the *Kenya Economic Update for December 2010*. The economic report, *Kenya at the Tipping Point*, finds that growth of 6 percent is possible next year if no shocks occur.
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Joram; I think the previous constitution and the fact that almost 50% of Kenyans were jittery of a supposedly RO presidency, thats why investors were wary. Right now, things are different. Baks and RO are working from the same script, and actually, people no longer feel threatened by RO, except, of course, Ruto and the like. Thats small politics and is within the margin of error. I expect 2011 and 2012 to be the years Kenya rides on the clouds with excellent growth figures. 2012 will slow down because traditionally, new governments tend to learn slowly how to govern (they come with their own policies as specified in their campaign manifestos). Overall, the country looks bright even as politicians and business people jostle for various positions in life. ICT and the food sector will definitely be a boom. Im optimistic. Peter On Mon, Jan 10, 2011 at 9:22 AM, Joram Mwinamo <joram.mwinamo@gmail.com>wrote:
I actually think that those are conservative figures. The election might hamper growth slightly due to speculation but I believe a lot of companies even outside the telcoms sector are gearing up for countrywide expansion to offer services to new counties awash with minimum 2 billion ksh each year....
On Mon, Jan 10, 2011 at 7:44 AM, Mbugua Njihia <mbugua@symbiotic.co.ke>wrote:
Kenyans may experience a new wave of robust economic growth driven by several factors including the telecommunications revolution, according to the latest economic forecast by the World Bank in Kenya.The economy is likely to expand at 4.9 percent in 2010 and 5.3 percent in 2011, says the *Kenya Economic Update for December 2010*. The economic report, *Kenya at the Tipping Point*, finds that growth of 6 percent is possible next year if no shocks occur.
participants (3)
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Joram Mwinamo -
Mbugua Njihia -
Peter Osotsi