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Kenya to upgrade suffering economy, spur investment
(MENAFN) Kenya announced plans to upgrade neglected infrastructure, improve regulations and revise often outdated economic figures to spur investment, Oman Observer reported.
The country's gross national savings account for 11 percent of gross domestic product (GDP), below the 26 percent target set in the Vision 2030 economic blueprint and the kind of level seen in some Asian nations.
"It needs a higher rate of savings and more investment in infrastructure to boost the country's productive potential," the head of research for Africa at Standard Chartered in London said.
The country's gross national savings account for 11 percent of gross domestic product (GDP), below the 26 percent target set in the Vision 2030 economic blueprint and the kind of level seen in some Asian nations.
"It needs a higher rate of savings and more investment in infrastructure to boost the country's productive potential," the head of research for Africa at Standard Chartered in London said.
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