Private security services to double by 2020

Private security services industry in Kenya could double in the next three years. Pada Security and Alarm Systems Managing Director David Kiiru attributes the projections to a rising need for security buoyed by rising economic growth.

“Crime goes hand in hand with the economy, if the economy is doing well there is increased demand for security services from individuals,” Mr Kiiru said. Kenya’s economy has been projected to grow at 6 per cent this year, bringing with it the newest class of wealthy individuals and firms.

The surge of private security business was specifically tied to the rising terror threats since Westgate Mall attack in 2013. Business has been flourishing as more companies and property owners hire guards and install security gadgets. Already, more than 300,000 people are employed as private guards, while the firms may have crossed the 3,500 mark.

The number of private guards is more than five times the number of police and the defence forces, combined. “You will find heightened security in most crowded areas, including churches, malls, and even in private businesses,” said Kiiru.

Kenya has already passed a new law on regulation of the private security service providers. President Uhuru Kenyatta signed into law the proposals expected to provide for a framework for cooperation between private security companies and national security organs.

By Titus Too 15 hrs ago
Business
NCPB sets in motion plans to compensate farmers for fake fertiliser
Business
Premium Firm linked to fake fertiliser calls for arrest of Linturi, NCPB boss
Enterprise
Premium Scented success: Passion for cologne birthed my venture
Business
Governors reject revenue Bill, demand Sh439.5 billion allocation