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

2. 2 | UK/ Kenya Trade & Investment Forum | 3 rd December 2013 Barclays in Kenya  Established 1916 - 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. 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. 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 Overall12914032145132 Starting a business134279119151 Construction permits4712685177143 Electricity16616153102178 Registering property163528146126 Getting credit131701313042 Protectiving investors98342298115 Paying taxes1661432214198 Trading across borders156175162139164 Enforcing contracts1511774042117 Resolving insolvency12316413713479 KenBurRwaTanUga Overall9614666125129 Institutions881441997116 Infrastructure102146104134133 Macro environ.13212992131133 Health/education11913094114127 Higher education103148122138131 Goods market8014041118120 Labour market35123114932 Financial market31146579977 Technology89146105126120 Business soph6114880116109 Innovation46142528992

5. 5 | UK/ Kenya Trade & Investment Forum | 3 rd December 2013 Kenyan infrastructure  Power and transport – key planned projects: – 700-800MW natural gas-fired (Dongo Kundu, 2 years) –900-1000MW 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 density87152507 2) Access to piped water10.117.956.4 3) Power gen capacity2433796 4) Internet0.10.32.0 5) Access to electricity151860 Benchmarking infrastructure

6. 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