From a Great Past to a Greater Future 1

Economic Outlook & Opportunity:

Presentation By:

Julius K. KorirAg. Managing DirectorKenya Investment Authority

THE KENYA DIASPORA CONFERENCE 2012, LONDON

“Role of Diaspora in Increasing Investments”

From a Great Past to a Greater Future 2

Structure of Presentation

Global Picture Benefits of Diaspora Kenya’s commitment to economic development Opportunities for the Diaspora Diaspora engagement in Investment at home Role of KenInvest

From a Great Past to a Greater Future 3

Global Picture

Changing economic fortunes in Developed Economies leading to cyclical economic glooms

Improving systems of communication leading short lead times between developed economies and Developing Economies

Countries are increasingly appreciating the growing importance of Diaspora and their contribution to home country’s economic growth.

From a Great Past to a Greater Future 4

Diaspora…

Over 215 million first generation migrants around the world (about 3% of worlds population or larger than the population of Brazil) – Economist, November 2011

More Chinese living outside China than there are French in France

Over 22 million Indians scattered all over the world

…have become a potent economic force because of globalisation.

From a Great Past to a Greater Future 5

Diaspora Networks Facilitates business across borders Speeds flow of information Facilitate quicker deal making (trust is greater due to

kinship) Knowledge of local culture enhances investment

flows (investments in India, China and Japan pass through Chinese in Diaspora)

Spread ideas (educated in universities in Developed Economies)

Take knowledge, contacts and experience home Spread money (remittances of capital accumulated

in host country) Help companies in their host country operate in their

home country

From a Great Past to a Greater Future 6

Plans and implementati

on

Vision

Strategy

EconomicTo maintain a

sustained economic

growth of 10% p.a. over the next 22 years

SocialA just and

cohesive society enjoying

equitable social development in

a clean and secure

environment

PoliticalAn issue-based, people-centered, result-oriented, and accountable

democratic political system

Overall visionA globally competitive and prosperous nation with a

high quality of life by 2030

…Vision 2030framework for the country’s long term economic, political and social stability

Kenya Government Commitment thro..

From a Great Past to a Greater Future 7

Investment Opportunities in Line with under Vision 2030

The ambitious growth target is to be achieved through careful planning and execution of the identified sectoral programmes and projects in each of the following 6 sectors:1. Agriculture & Livestock: (To increase expected growth at 8% p.a and investment in value-addition)2.Tourism-(Treble earnings thru increased arrivals from 1.6m to 3m by 2012- Key projects: Resort cities)3.Manufacturing-(The sector target is to increase from 5% to 12% by 2012-Key projects: Specialized economic zones)4.ICT and Business Processing Outsourcing-(Not so developed in Kenya-Flagships include: BPO Park and digital villages)5.Financial Sector-(Ksh 250 b to be invested to transform the financial sector-Key target: National Social Security and Pension system, banking and insurance sectors)6.Wholesale and Retail-(Construction of wholesale and retail markets countrywide)

From a Great Past to a Greater Future 8

Investment Options for the Diaspora

Equities Markets Real Estate - Retail and Wholesale Value Adding Processing for Export Technology Transfer Government Bonds

Capital Mobilization Options Personal Savings Borrowings Investment Clubs – Case of Transcentury Partnerships in host Country

From a Great Past to a Greater Future 9

The Kenya Investment Authority

From a Great Past to a Greater Future 10

Who we are

Mandate“Kenya Investment Authority (KenInvest) is to promote and facilitate investments in Kenya for both domestic and foreign investors”

Vision“To make Kenya a country of choice for Investments”

Mission“To attract, facilitate, retain and expand both domestic and international Investments in Kenya through provision of quality services”

From a Great Past to a Greater Future 11

Our Services

Providing Information on Investment opportunities and sources of capital

Promote both locally and internationally the opportunities for investment in Kenya

Advocacy for a conducive Investment climate Facilitate investors in obtaining necessary licenses

and permits Assist investors obtain incentives or exemptions

under various Acts and other regulations

From a Great Past to a Greater Future 12

Summary of Role of KenInvest

From a Great Past to a Greater Future 13

Airport pick-up & fast track service through customs, immigration and quarantine (C.I.Q)

Investor site visits and meetings

Meeting arrangement with high-level government officials and/or companies of interest

13

From a Great Past to a Greater Future 14

Our Contacts

KENYA INVESTMENT AUTHORITYKenya Railways Headquarters, Block D, 4th Floor, Workshop RoadP. O. Box 55704 – 00200 NAIROBIKenya (East Africa)Tel: +254-20-2221401- 4, 722205424, 733601184, 722209902Fax: +254-20-243862Email: info@investmentkenya.com Website: www.investmentkenya.com

From a Great Past to a Greater Future 15

THANK YOU