Kenya: an opportunity Jeff Gable UK/ Kenya Trade & Investment Forum 3 rd December 2013

2 | UK/ Kenya Trade & Investment Forum | 3 rd December 2013 Barclays in Kenya  Established serving clients for 97 years  Strong network - 5,500 staff, 119 outlets  Barclays present in 12 countries across Africa – Kenya being our 3 rd establishment Cash Management Kenya, 2012 Trade in Africa, 2013 Innovation in Africa, 2013 Cash Management #1 Zambia, 2011, 2012 #2 Kenya, 2011, 2012 #2Mauritius, 2011, 2012 #3 Tanzania, 2012

3 | UK/ Kenya Trade & Investment Forum | 3 rd December 2013 Kenya in Africa  Kenya’s position as the economic hub for the region must not be taken for granted  Smaller EAC members are making important strides to improve their competitiveness and business environment  A properly functioning East African Community could begin to rival the business opportunity of Nigeria  Excitement around energy finds in Tanzania and Uganda  Rwanda’s big push in opening its markets  Opportunities through the stabilisation of South Sudan Sources: fDi Markets, Ernst & Young’, Absa

4 | UK/ Kenya Trade & Investment Forum | 3 rd December 2013 Doing business in Kenya  Challenges & questions: –Kenya’s success as a regional hub for business depends on doing better in a host of areas –Kenya particular poor at, ‘starting a business’, ‘registering property’, ‘paying taxes’ & ‘enforcing contracts’ –Kenya particularly good at, ‘construction permits’, ‘getting credit’, ‘business sophistication’ & ‘higher education’ Sources: World Bank East of Doing Business (2013), WEF Global Competitiveness Report 2012/13, Absa Ease of Doing Business Survey | Global Competitiveness EDB 2014KenBurRwaTanUga Overall Starting a business Construction permits Electricity Registering property Getting credit Protectiving investors Paying taxes Trading across borders Enforcing contracts Resolving insolvency KenBurRwaTanUga Overall Institutions Infrastructure Macro environ Health/education Higher education Goods market Labour market Financial market Technology Business soph Innovation

5 | UK/ Kenya Trade & Investment Forum | 3 rd December 2013 Kenyan infrastructure  Power and transport – key planned projects: – MW natural gas-fired (Dongo Kundu, 2 years) – MW coal plant (Lamu, 3 years) –Mombasa-Nairobi railway segment (by end-2016) –Transport corridor to South Sudan and Ethiopia (LAPSSET) Africa LICsKenyaAfrica MICs 1) Paved road density ) Access to piped water ) Power gen capacity ) Internet ) Access to electricity Benchmarking infrastructure

6 | UK/ Kenya Trade & Investment Forum | 3 rd December 2013 Kenya’s vision for 2030  “blueprint which aims to create a globally competitive and prosperous country providing a high quality of life for all its citizens. It aspires to transform Kenya into a newly industrializing, middle income country by 2030” –Infrastructure –Public sector reforms –Education, science and technology –Health –Security –Population, urbanization and –Housing –Environment sanitation