Insecurity holding back Kenya’s growth

The Government has been urged to stabilise the Kenya-Somali border to safeguard foreign direct investment into the country. According to a new report analysing the competitiveness of East Africa’s largest economy in relation to other key developing economies in the world, the threat of terrorism has been identified as Kenya’s largest impediment to sustainable growth.

The report by Deloitte Africa, however, states that Nairobi is emerging as a strategic platform for intra-African trade, giving traditional African mega-cities like Lagos and Johannesburg a run for their money. This has been attributed to the country’s growth in the ICT sector, which has been projected to be the fastest growing sector over the next decade.