Stable policies 'encouraging investment in Kenya'

09/03/2011 - Posted by Bob Brunskill
Stable policies 'encouraging investment in Kenya'

Investment in Kenya's economy is being encouraged by stable macroeconomic policies in the country.

These policies include the European Development Fund Road Infrastructure Programme, initiated by the Kenyan government to develop local infrastructure.

According to Kolofelo Maele, materials and food research analyst from Frost & Sullivan Chemicals, the lack of developed transport and logistics infrastructure is a problem for large multinationals keen to establish themselves in East Africa.

He added: "Innovative strategies to overcome distribution challenges will be one of the key factors for participants to successfully penetrate the East African market."

The comments come as Frost & Sullivan has revealed that the automotive coatings market in East Africa earned revenues of $19.6 million in 2009, while the adhesives market reported revenues of $15.6 million.

However, these are predicted to increase substantially by 2016, to stand at $27 million and $21.7 million respectively.ADNFCR-2019-ID-800452357-ADNFCR

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