Top 10 Investment Options To Watch in 2018
Kenya is developing the economy with its GDP being the highest in East Africa Community and showing tremendous growth in its investment opportunities.
Even with the just concluded electioneering period, which unfortunately had the adverse effect on the economy and which led to Kenya’s GDP growth projected to decelerate to 5.1 although the World Bank has brought it further down to 4.9 percentage point mark, down from the 2016 forecast. The World Bank revised the projection in a report named “Kenya Economic Update: Poised to Bounce Bank?”
As the country continues to create more investment opportunities for Kenyans, there is a list of ongoing projects that the country is spending billions of shillings as shown in the image below:
The untapped potential can be reflected in the following investment options;
Agricultural Processing
The Kenyan agricultural sector contributes to 35 percent of the GDP and contributes to 40 percent of the export earnings.
In terms of agricultural production, Kenya is doing quite well in terms of a means of livelihood to majority Kenyans and a driver of the economy.
However, in terms of processing of the agricultural processing and marketing, there is still a huge problem as we still have the country spending a lot of money in the importation of processed food items that could otherwise be internally produced.
This will aid in stabilizing food prices and even making them cheaper. There is an investment opportunity in the processing sector and also the packaging sector after the banning of plastic bags.
In the agricultural sector, opportunities lie along the value chain. In every category, there is an investment opportunity. For instance, the advent of armyworms provides an opportunity for the pesticide sector.
In Kenya, investment opportunities in the agricultural sector as well as in food processing exist in seed production, manufacture of sprayers and pesticides, veterinary services, construction of dams and boreholes, installation of irrigation systems and services.
Read more on investing more in Kenya’s agricultural sector on “Investing in Kenya’s Agricultural and Food Processing Industry.”
Real Estate/Construction Industry
The real estate sector is assured to come back after the conclusion of the General Election.
The government is undertaking major expansion projects as from 2018, an investor can take advantage of the infrastructure tenders.
Investors in the industry should also expect good times as a result of fair prices in construction materials. The tax waiver incentives in the industry also provide favorable opportunities for investors.
There is an amazing opportunity in the low-cost houses. Currently, the government is heavily investing in low-cost houses and firms that engage in building them are being supported. The government is also giving incentives to constructors of low-cost housing.
The real estate sector has turned out to be a very lucrative investment if well planned for. Many people are investing their finances in this sector. Get some Important Points to Consider before investing in Real Estate Sector in Kenya.
Renewable energy
The world is slowly moving towards the use of renewable energy as a result of the global campaigns advocating for the use of clean energy so as to conserve the environment.
Having parts of Kenya still using char