Kenya Economic Report 2014 on Navigating Global Challenges While Exploiting Opportunities for Sustainable Growth

Abstract

The Kenya Economic Report (KER) 2014 is the sixth in a series of annual reports on the Kenyan economy prepared by the Kenya Institute for Public Policy and Analysis (KIPPA) pursuant to the KIPPA Act No. 15 of 2006. The report is prepared in consultation with the Ministry of State for Devolution and Planning, National Treasury and the Central Bank of Kenya. The overall message of the Kenya Economic Report 2014 is that the growth prospects of Kenya are quite favourable following peaceful transition to a devolved governance system under the Constitution of Kenya 2010; implementation of structural reforms in line with the principles of the Constitution; discovery of oil, gas and other minerals; increased investment in key national and regional infrastructure projects; and on-going regional integration. Timely and effective implementation of the Medium Term Plan II should ensure that the Kenyan economy emerges strong and resilient to external shocks…