Description: Kenya Economic Update, December 2010 : Kenya at the Tipping Point?

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Kenya Economic Update, December 2010 : Kenya at the Tipping Point?

Kenya may be at a "tipping point," the theme of the third Kenya economic update which has a special focus on the transformative impact of information and communication technology (ICT) and mobile money. Over the last decade, ICT has outpe...

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Bibliographic Details
Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2017
Subjects:	ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCESSIBILITY AGRICULTURE ASSETS BALANCE OF PAYMENT BALANCE OF PAYMENTS BALANCE SHEETS BANK ACCOUNT BANK ACCOUNTS BANK BRANCHES BANKING NETWORK BANKING SERVICES BANKING SUPERVISION BANKING SYSTEM BARRIERS TO ENTRY BASIS POINTS BILLS BUDGET DEFICIT BUFFERS BUSINESS CONFIDENCE BUSINESS ENVIRONMENT CAPITAL GOODS CASH DEPOSITS CASH RESERVES CENTRAL BANK COLLATERAL COMMERCIAL BANK COMMERCIAL BANKS COMMERCIAL LOANS COMMODITY COMMODITY PRICES COMMON MARKET COMMON MARKETS CREDIT MARKET CREDIT RISK CREDITOR CURRENCY MARKET CURRENT ACCOUNT CURRENT ACCOUNT BALANCE CURRENT ACCOUNT DEFICIT CUSTOMER BASE DAILY EXPENSES DEBT DEBT CRISIS DEBT LEVELS DEBT MANAGEMENT DEBTS DEPOSIT DEPOSIT RATE DEPOSIT RATES DEVELOPING COUNTRIES E-MONEY ECONOMIC DEVELOPMENT ECONOMIC ENVIRONMENT ECONOMIC GROWTH ECONOMIC OUTLOOK ECONOMIC PERFORMANCE ECONOMIC SHOCKS ECONOMIC STRUCTURES ECONOMIC TRENDS ELECTRONIC TRANSFERS EXCESS LIQUIDITY EXCHANGE RATE EXCHANGE RATES EXPANSIONARY FISCAL POLICY EXPENDITURES EXPORT CAPACITY EXPORT CROPS EXPORT GOODS EXPORT SECTOR EXPORTS EXTERNAL BORROWING EXTERNAL DEBT EXTERNAL FINANCING FARMER FARMERS FINANCIAL ACCESS FINANCIAL ACCOUNT FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL FLOWS FINANCIAL INFLOWS FINANCIAL LITERACY FINANCIAL PRODUCTS FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENTS FINANCIAL SERVICES PROVIDERS FINANCIAL SYSTEM FISCAL DEFICIT FISCAL DEFICITS FISCAL POLICIES FISCAL POLICY FIXED INVESTMENT FLOW OF FUNDS FORECASTS FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN FINANCING FORMAL BANKING FRAUD GDP GDP PER CAPITA GLOBAL CURRENCIES GLOBAL MARKET GOVERNMENT BONDS GOVERNMENT BORROWING GOVERNMENT DEBT GROWTH PERFORMANCE GROWTH RATE GROWTH RATES HOUSEHOLDS HUSBANDS IMPORT IMPORTS INCOME INCOME GROUPS INCOME LEVELS INCOMES INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INFRASTRUCTURE PROJECT INFRASTRUCTURE PROJECTS INSURANCE INTEREST RATE INTEREST RATES INVESTMENT CLIMATE INVESTOR CONFIDENCE JOINT VENTURE JUDICIAL SYSTEM KEY RISKS LEVEL OF INVESTMENT LEVELS OF GROWTH LEVERAGE LIQUIDITY LOCAL CURRENCY LOCAL CURRENCY MARKET LONG-TERM LENDING MACROECONOMIC INDICATORS MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MACROECONOMIC POLICY MAJOR CURRENCIES MARKET DEVELOPMENT MARKET LEADER MBI MICRO FINANCE MICRO-BUSINESS MICRO-CREDIT MOBILE BANKING MOBILE PHONE MOBILE PHONES MONETARY FUND MONETARY POLICY MONEY TRANSFER MONEY TRANSFERS MONOPOLY NEW BUSINESS OUTPUT OUTREACH OUTSOURCING PAYMENTS SERVICE PAYMENTS SYSTEMS PENSIONS PER CAPITA INCOME PERSONAL COMPUTER POST OFFICE POST OFFICES PRICE INCREASES PRIVACY PRIVATE SECTOR INVESTMENT PRIVATE SECTOR INVESTMENTS PROFIT MARGIN PROFIT MARGINS PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC POLICY PUBLIC-PRIVATE PARTNERSHIPS RAPID GROWTH RATE OF GROWTH REAL ESTATE REAL EXCHANGE RATE REAL INTEREST RATES RECEIPT RECEIPTS REGULATOR REGULATORS REGULATORY AGENCIES REGULATORY ENVIRONMENT REGULATORY FRAMEWORK REGULATORY REGIME REGULATORY REQUIREMENTS RELATED SHOCKS REMITTANCES REMOTE REGIONS RESERVE REQUIREMENT RETAIL BANKING RETAIL SAVINGS RETURN SAVINGS SAVINGS ACCOUNTS SAVINGS DEPOSITS SECTOR REFORMS SINGLE MARKET SMALL BUSINESS SMALL BUSINESSES STABLE GROWTH STOCK EXCHANGE SUPPLY SIDE SURPLUS TARIFF BARRIERS TAX TELEPHONE SERVICES TOTAL DEBT TRACK RECORD TRADE PERFORMANCE TRANSFER OF FUNDS TRANSFER PAYMENTS TRANSPARENCY TREASURY TREASURY BILL UNION UNIVERSAL ACCESS URBAN AREAS VALUE ADDED VILLAGES VOUCHERS WAREHOUSE WEALTH WORLD DEVELOPMENT INDICATORS WORLD MARKET
Online Access:	http://documents.worldbank.org/curated/en/849841468286307168/Kenya-economic-update-Kenya-at-the-tipping-point-with-a-special-focus-on-the-ICT-revolution-and-mobile-money http://hdl.handle.net/10986/27776

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Summary:	Kenya may be at a "tipping point," the theme of the third Kenya economic update which has a special focus on the transformative impact of information and communication technology (ICT) and mobile money. Over the last decade, ICT has outperformed all others sectors growing at an average of 20 percent per year. The benefits of ICT are starting to be felt in other sectors, and have contributed to the conditions for Kenya to reach this tipping point. Kenya has entered the new decade with renewed and stronger than expected growth. The passing of the new constitution, continued strong macroeconomic policies, and a favorable regional environment have created a new positive economic momentum. Kenya may again be positioned to experience high growth. Over the last three decades Kenya has experienced only two short episodes when economic growth exceeded five percent and was sustained for at least three consecutive years: 1986-88, and 2004-2007. Is Kenya again at the verge of experiencing another growth spurt? Will it last longer and go deeper than the previous two episodes?