World Bank2017-08-142017-08-142010-12https://hdl.handle.net/10986/27776Kenya 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?en-USCC BY 3.0 IGOACCESS TO FINANCEACCESS TO FINANCIAL SERVICESACCESSIBILITYAGRICULTUREASSETSBALANCE OF PAYMENTBALANCE OF PAYMENTSBALANCE SHEETSBANK ACCOUNTBANK ACCOUNTSBANK BRANCHESBANKING NETWORKBANKING SERVICESBANKING SUPERVISIONBANKING SYSTEMBARRIERS TO ENTRYBASIS POINTSBILLSBUDGET DEFICITBUFFERSBUSINESS CONFIDENCEBUSINESS ENVIRONMENTCAPITAL GOODSCASH DEPOSITSCASH RESERVESCENTRAL BANKCOLLATERALCOMMERCIAL BANKCOMMERCIAL BANKSCOMMERCIAL LOANSCOMMODITYCOMMODITY PRICESCOMMON MARKETCOMMON MARKETSCREDIT MARKETCREDIT RISKCREDITORCURRENCY MARKETCURRENT ACCOUNTCURRENT ACCOUNT BALANCECURRENT ACCOUNT DEFICITCUSTOMER BASEDAILY EXPENSESDEBTDEBT CRISISDEBT LEVELSDEBT MANAGEMENTDEBTSDEPOSITDEPOSIT RATEDEPOSIT RATESDEVELOPING COUNTRIESE-MONEYECONOMIC DEVELOPMENTECONOMIC ENVIRONMENTECONOMIC GROWTHECONOMIC OUTLOOKECONOMIC PERFORMANCEECONOMIC SHOCKSECONOMIC STRUCTURESECONOMIC TRENDSELECTRONIC TRANSFERSEXCESS LIQUIDITYEXCHANGE RATEEXCHANGE RATESEXPANSIONARY FISCAL POLICYEXPENDITURESEXPORT CAPACITYEXPORT CROPSEXPORT GOODSEXPORT SECTOREXPORTSEXTERNAL BORROWINGEXTERNAL DEBTEXTERNAL FINANCINGFARMERFARMERSFINANCIAL ACCESSFINANCIAL ACCOUNTFINANCIAL CRISESFINANCIAL CRISISFINANCIAL FLOWSFINANCIAL INFLOWSFINANCIAL LITERACYFINANCIAL PRODUCTSFINANCIAL RESOURCESFINANCIAL SECTORFINANCIAL SECTOR DEVELOPMENTSFINANCIAL SERVICES PROVIDERSFINANCIAL SYSTEMFISCAL DEFICITFISCAL DEFICITSFISCAL POLICIESFISCAL POLICYFIXED INVESTMENTFLOW OF FUNDSFORECASTSFOREIGN CURRENCYFOREIGN DIRECT INVESTMENTFOREIGN EXCHANGEFOREIGN FINANCINGFORMAL BANKINGFRAUDGDPGDP PER CAPITAGLOBAL CURRENCIESGLOBAL MARKETGOVERNMENT BONDSGOVERNMENT BORROWINGGOVERNMENT DEBTGROWTH PERFORMANCEGROWTH RATEGROWTH RATESHOUSEHOLDSHUSBANDSIMPORTIMPORTSINCOMEINCOME GROUPSINCOME LEVELSINCOMESINFRASTRUCTURE INVESTMENTINFRASTRUCTURE INVESTMENTSINFRASTRUCTURE PROJECTINFRASTRUCTURE PROJECTSINSURANCEINTEREST RATEINTEREST RATESINVESTMENT CLIMATEINVESTOR CONFIDENCEJOINT VENTUREJUDICIAL SYSTEMKEY RISKSLEVEL OF INVESTMENTLEVELS OF GROWTHLEVERAGELIQUIDITYLOCAL CURRENCYLOCAL CURRENCY MARKETLONG-TERM LENDINGMACROECONOMIC INDICATORSMACROECONOMIC MANAGEMENTMACROECONOMIC POLICIESMACROECONOMIC POLICYMAJOR CURRENCIESMARKET DEVELOPMENTMARKET LEADERMBIMICRO FINANCEMICRO-BUSINESSMICRO-CREDITMOBILE BANKINGMOBILE PHONEMOBILE PHONESMONETARY FUNDMONETARY POLICYMONEY TRANSFERMONEY TRANSFERSMONOPOLYNEW BUSINESSOUTPUTOUTREACHOUTSOURCINGPAYMENTS SERVICEPAYMENTS SYSTEMSPENSIONSPER CAPITA INCOMEPERSONAL COMPUTERPOST OFFICEPOST OFFICESPRICE INCREASESPRIVACYPRIVATE SECTOR INVESTMENTPRIVATE SECTOR INVESTMENTSPROFIT MARGINPROFIT MARGINSPUBLIC INVESTMENTPUBLIC INVESTMENTSPUBLIC POLICYPUBLIC-PRIVATE PARTNERSHIPSRAPID GROWTHRATE OF GROWTHREAL ESTATEREAL EXCHANGE RATEREAL INTEREST RATESRECEIPTRECEIPTSREGULATORREGULATORSREGULATORY AGENCIESREGULATORY ENVIRONMENTREGULATORY FRAMEWORKREGULATORY REGIMEREGULATORY REQUIREMENTSRELATED SHOCKSREMITTANCESREMOTE REGIONSRESERVE REQUIREMENTRETAIL BANKINGRETAIL SAVINGSRETURNSAVINGSSAVINGS ACCOUNTSSAVINGS DEPOSITSSECTOR REFORMSSINGLE MARKETSMALL BUSINESSSMALL BUSINESSESSTABLE GROWTHSTOCK EXCHANGESUPPLY SIDESURPLUSTARIFF BARRIERSTAXTELEPHONE SERVICESTOTAL DEBTTRACK RECORDTRADE PERFORMANCETRANSFER OF FUNDSTRANSFER PAYMENTSTRANSPARENCYTREASURYTREASURY BILLUNIONUNIVERSAL ACCESSURBAN AREASVALUE ADDEDVILLAGESVOUCHERSWAREHOUSEWEALTHWORLD DEVELOPMENT INDICATORSWORLD MARKETReportWorld Bank10.1596/27776