Publication:
Kenya Country Economic Memorandum: From Economic Growth to Jobs and Shared Prosperity

Simple item page
dc.contributor.authorWorld Bank Group
dc.date.accessioned2016-04-05T19:40:54Z
dc.date.available2016-04-05T19:40:54Z
dc.date.issued2016-03-01
dc.description.abstractThe Kenya CEM has five main messages. First, Kenya has performed well in the past decade in terms of economic growth, and modern services are behind the acceleration of growth. Expansion in these services, such as financial intermediation and mobile communications have stimulated demand for other services such as trade. The CEM discusses how to maximize the potential of services, especially given that most formal, high quality jobs are created in this sector. Second, agriculture, which still contributes to over a quarter of the economy, and manufacturing have stagnated. The CEM discusses the reasons behind this stagnation, noting that agriculture and manufacturing have not been able to create enough jobs for Kenya's growing working age population. Most of the jobs are created by the informal economy and are concentrated in low productivity segments of trade, hospitality, and jua kali. Improving the ease of doing business is one way towards job creation and higher productivity. However there is still a need for creating job opportunities for the rural poor, for poverty reduction and achieving shared prosperity. Reviving agriculture, in particular, remains the pathway for poverty reduction. Third, accelerating growth to meet Kenya's development goals requires technological advances and innovation that raise firms' productivity. Fourth, achieving rapid growth will require macroeconomic stability to boost investment and savings. And as the government strives to build Kenya's energy and transport infrastructure, this needs to be complemented with improvements in the public investment management process and better execution. Fifth, the discovery of oil opens a possibility for raising Kenya's growth. Kenya's recent oil discoveries, if used prudently, can contribute to achieving the Vision 2030 goals. The World Bank Group is proud of its long-standing relationship with Kenya, and looks forward to continuous collaboration with both National and County Governments and other partners. Working together, Kenya can realize its potential to lift millions of families out of poverty and achieve shared prosperity.en
dc.identifierhttp://documents.worldbank.org/curated/en/2016/03/26029597/kenya-country-economic-memorandum-economic-growth-jobs-shared-prosperity
dc.identifier.doi10.1596/24008
dc.identifier.urihttps://hdl.handle.net/10986/24008
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectshared prosperity
dc.subjectinvestment
dc.subjecteconomic growth
dc.subjectjobs
dc.subjectsustainable development
dc.titleKenya Country Economic Memorandumen
dc.title.subtitleFrom Economic Growth to Jobs and Shared Prosperityen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleKenya Country Economic Memorandum: From Economic Growth to Jobs and Shared Prosperity
okr.date.disclosure2016-03-05
okr.doctypeEconomic & Sector Work::Country Economic Memorandum
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2016/03/26029597/kenya-country-economic-memorandum-economic-growth-jobs-shared-prosperity
okr.guid763771468197384854
okr.identifier.doi10.1596/24008
okr.identifier.externaldocumentum090224b0841d8855_1_0
okr.identifier.internaldocumentum26029597
okr.identifier.report103822
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/T_MNA/2016/03/05/090224b0841d8855/1_0/Rendered/PDF/Kenya000Countr0nd0shared0prosperity.pdfen
okr.region.administrativeAfrica
okr.region.countryKenya
okr.sectorPublic Administration, Law, and Justice
okr.sectorIndustry and trade
okr.sectorEducation
okr.themeEconomic management :: Analysis of economic growth
okr.themeHuman development :: Education for the knowledge economy
okr.themeTrade and integration :: Export development and competitiveness
okr.themeEnvironment and natural resource management
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicEducation::Education For All
okr.topicPoverty Reduction::Achieving Shared Growth
okr.topicSocial Protections and Labor::Labor Markets
okr.topicSocial Protections and Labor::Skills Development and Labor Force Training
okr.unitGMF ? Africa 2 (GMF07)
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Kenya000Countr0nd0shared0prosperity.pdf
Size:
8.1 MB
Format:
Adobe Portable Document Format
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
Country Economic Memorandum