Industry Dynamics

According to a report by the 2019 United Nations Environment Programme (UNEP) report , Kenya's green energy sector attracted a record $1.4 billion in investment in 2018, ranking third in the Middle East and Africa.

Africa's economic growth continues to strengthen, reaching an estimated 3.5 percent in 2018. This is about the same rate achieved in 2017 and up 1.4 percentage points from the 2.1 percent in 2016.

Narok Governor Samuel Ole Tunai welcomes Chinese investors to visit the county to explore business opportunities in the area.

▪The optimum use of fertilizers is about 1.3 million tons while actual consumption is about 500-600K Mt. This is based on actual land use. But actual rates are limited by several factors such as price and weather.

About 90% of Kenya's meat production is in the hands of self-sufficient farmers and pastoralists. Today, the number of beef and dairy cattle is about 15 million, and large-scale livestock keepers are raising animals for commercial and livelihood purposes.

The manufacturing sector real value added increased by 4.2 per cent in 2018 compared to a revised growth of 0.5 per cent in 2017. The sector’s volume of output expanded by 5.1 per cent in 2018 from a contraction of 0.8 per cent in 2017.

Last week, Kenya's first oil production reached 200,000 barrels, worth 12 million US dollars. Kenya announced to become the latest African country to export oil. President Uhuru Kenyatta announced this significant progress.

The air traffic expansion between the African continent and China coincides with the period of rapid expansion of Chinese investment. Chinese companies have been bidding and winning infrastructure projects in Africa.

Joe Mucheru, Kenya's cabinet secretary for Information, Communication and Technology, said that the country will not block Chinese firm Huawei from rolling out the 5G network.