Creating Markets in Kenya : Unleashing Private Sector Dynamism to Achieve Full Potential
Kenya has the opportunities and resources to stimulate sustainable economic growth and development, but its potential has been constrained by under-investment and low firm-level productivity. Altogether, its development has not been sufficiently...
| Main Author: | |
|---|---|
| Format: | Report |
| Language: | English |
| Published: |
International Finance Corporation, Washington, DC
2019
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/312621572349671823/Creating-Markets-in-Kenya-Unleashing-Private-Sector-Dynamism-to-Achieve-Full-Potential http://hdl.handle.net/10986/32799 |
| Summary: | Kenya has the opportunities and
resources to stimulate sustainable economic growth and
development, but its potential has been constrained by
under-investment and low firm-level productivity.
Altogether, its development has not been sufficiently
sustainable or equitable to transform the lives of ordinary
citizens. Poverty remains high, with thirty-six percent of
Kenyans living under the national poverty line, whereas the
richest ten percent of the population receive forty percent
of the nation’s income. This country private sector
diagnostic (CPSD) sheds light on how the private sector can
more effectively contribute to advancing the country’s
developmental goals. Applying a sectoral lens, it puts
forward operational recommendations highlighting strategic
entry points for diversification and growth and addresses
key constraints to private sector engagement. It also seeks
to inform World Bank and IFC strategies, paving the way for
joint programming to create markets and unlock private
sector potential. |
|---|