Tourism Industry in Kenya - Identifying Key Trend in Nairobi
Tourism is the second largest contributor of FDI after Agriculture;Kenya’s economy will grow at a healthy pace in 2017. The economy is supported by a strong rebound in exports and steady (though somewhat slower) gains in private consumption. The slow growth in credit – which stems from the government’s decision to cap interest rates – curbs business investment. Uncertainty about the coming presidential election also dampens investor sentiment. Growth of real GDP will gradually rise, reaching 6.5% per year in the medium term. To fully benefit from the region´s tourism potential governments and stakeholders should work together to address issues such as infrastructure, security and sustainability by integrating the right policies and regulations.--- Support this podcast: https://anchor.fm/africanperspective/support