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As the debate heats up on the proposed new constitution, the impact of the outcome has also been associated with Kenya’s future economic growth.  A ‘yes’ vote will indicate an improved level of stability and determination to move forward as a nation focusing on long term growth and would therefore improve foreign investor confidence. Whilst a ‘no’ vote is more likely to increase the level of uncertainty, reduce the prospect of an economic turnaround, and negatively impact on the country’s investor risk profile.Currently, there is a positive economic climate in Kenya. The economy so far this year is showing signs that the forecasted growth of 4% will be surpassed. The long rains have boosted agricultural output and key commodity prices have improved. And the global economic rebound, though slow, is likely to further enhance exports as well as boost tourism.In addition, Central Bank’s push to reduce interest rates finally seems to be bearing fruit with a number of banks now lowering their base lending rates. This in turn should foster business expansion through higher domestic borrowing for capital growth.The World Bank’s plan to provide a Kshs 7.7 billion credit line to 15 of the country’s largest towns to generate economic growth more equitably throughout the country should also stimulate growth. The credit line is expected to directly strengthen services and in turn enhance business potential to match growing populations in these areas. The acceptance of the new constitution also focuses on improving services and representation, through changing the structure of control in these urban towns by replacing the municipal councils with a devolved system of government through counties.The remainder of 2010 therefore no doubt offers scope for positive change in Kenya. Althea McCourt ABIS Limited  

As the debate heats up on the proposed new constitution, the impact of the outcome has also been associated with Kenya’s future economic growth.

As Kenya’s prospects for economic growth in 2010 /2011 brighten, the statistics on poverty reduction and disparity continue to show that there is much to be done.

Dozens of tourists were reportedly blocked for some time yesterday (Saturday) enroute to the Masai Mara Game Reserve as incensed locals demonstrated against the continued failure by the contractor to repair the crucial access road between Narok and the Sekenani entrance gate.

The Lusaka based headquarters of Africas largest trade block, COMESA, has today issued a media statement ahead of their First Sustainable Tourism Summit due to be held in Nairobi / Kenya in just under two weeks time.

The increasingly growing profile of Nairobi as a premier business destination in the region has occasioned an increased demand for quality beds, fine dining and conference facilities. Hemingways Nairobi is keen on tapping into Kenya’s sustained growth in business traveler and tourism arrivals