1. From a Great Past to a Greater Future 1 Economic Outlook & Opportunity: Presentation By: Julius K. Korir Ag. Managing Director Kenya Investment Authority THE KENYA DIASPORA CONFERENCE 2012, LONDON “Role of Diaspora in Increasing Investments”

2. From a Great Past to a Greater Future 2 Structure of Presentation  Global Picture  Benefits of Diaspora  Kenya’s commitment to economic development  Opportunities for the Diaspora  Diaspora engagement in Investment at home  Role of KenInvest

3. From a Great Past to a Greater Future 3 Global Picture  Changing economic fortunes in Developed Economies leading to cyclical economic glooms  Improving systems of communication leading short lead times between developed economies and Developing Economies  Countries are increasingly appreciating the growing importance of Diaspora and their contribution to home country’s economic growth.

4. From a Great Past to a Greater Future 4 Diaspora…  Over 215 million first generation migrants around the world (about 3% of worlds population or larger than the population of Brazil) – Economist, November 2011  More Chinese living outside China than there are French in France  Over 22 million Indians scattered all over the world …have become a potent economic force because of globalisation.

5. From a Great Past to a Greater Future 5 Diaspora Networks  Facilitates business across borders  Speeds flow of information  Facilitate quicker deal making (trust is greater due to kinship)  Knowledge of local culture enhances investment flows (investments in India, China and Japan pass through Chinese in Diaspora)  Spread ideas (educated in universities in Developed Economies)  Take knowledge, contacts and experience home  Spread money (remittances of capital accumulated in host country)  Help companies in their host country operate in their home country

6. From a Great Past to a Greater Future 6 Plans and implementation Vision Strategy Economic To maintain a sustained economic growth of 10% p.a. over the next 22 years Social A just and cohesive society enjoying equitable social development in a clean and secure environment Political An issue-based, people-centered, result-oriented, and accountable democratic political system Overall vision A globally competitive and prosperous nation with a high quality of life by 2030 … Vision 2030framework for the country’s long term economic, political and social stability Kenya Government Commitment thro..

7. From a Great Past to a Greater Future 7 Investment Opportunities in Line with under Vision 2030 The ambitious growth target is to be achieved through careful planning and execution of the identified sectoral programmes and projects in each of the following 6 sectors: 1. Agriculture & Livestock: (To increase expected growth at 8% p.a and investment in value-addition) 2.Tourism-(Treble earnings thru increased arrivals from 1.6m to 3m by 2012- Key projects: Resort cities) 3.Manufacturing-(The sector target is to increase from 5% to 12% by 2012-Key projects: Specialized economic zones) 4.ICT and Business Processing Outsourcing-(Not so developed in Kenya-Flagships include: BPO Park and digital villages) 5.Financial Sector-(Ksh 250 b to be invested to transform the financial sector-Key target: National Social Security and Pension system, banking and insurance sectors) 6.Wholesale and Retail-(Construction of wholesale and retail markets countrywide)

8. From a Great Past to a Greater Future 8 Investment Options for the Diaspora  Equities Markets  Real Estate - Retail and Wholesale  Value Adding Processing for Export  Technology Transfer  Government Bonds Capital Mobilization Options  Personal Savings  Borrowings  Investment Clubs – Case of Transcentury  Partnerships in host Country

9. From a Great Past to a Greater Future 9 The Kenya Investment Authority

10. From a Great Past to a Greater Future 10 Who we are Mandate “Kenya Investment Authority (KenInvest) is to promote and facilitate investments in Kenya for both domestic and foreign investors” Vision “To make Kenya a country of choice for Investments” Mission “To attract, facilitate, retain and expand both domestic and international Investments in Kenya through provision of quality services”

11. From a Great Past to a Greater Future 11 Our Services  Providing Information on Investment opportunities and sources of capital  Promote both locally and internationally the opportunities for investment in Kenya  Advocacy for a conducive Investment climate  Facilitate investors in obtaining necessary licenses and permits  Assist investors obtain incentives or exemptions under various Acts and other regulations

12. From a Great Past to a Greater Future 12 Summary of Role of KenInvest Policy Advocacy Investment Promotion Investment Facilitation Investor Tracking After Care Services

13. From a Great Past to a Greater Future 13 Airport pick-up & fast track service through customs, immigration and quarantine (C.I.Q) Investor site visits and meetings Meeting arrangement with high-level government officials and/or companies of interest 13

14. From a Great Past to a Greater Future 14 Our Contacts KENYA INVESTMENT AUTHORITY Kenya Railways Headquarters, Block D, 4 th Floor, Workshop Road P. O. Box 55704 – 00200 NAIROBI Kenya (East Africa) Tel: +254-20-2221401- 4, 722205424, 733601184, 722209902 Fax: +254-20-243862 Email: info@investmentkenya.com Website: www.investmentkenya.cominfo@investmentkenya.com www.investmentkenya.com

15. From a Great Past to a Greater Future 15 THANK YOU