Public Enterprise in Kenya


Book Description

Central to the development strategies of virtually all the sub-Saharan economies, public enterprises are nonetheless perceived as inefficient and unprofitable. Barbara Grosh examines the public enterprise system in Kenya and shows that, while average performance has indeed been poor, there has been a broad range of results - from excellent to abysmal - and many firms have performed well for long periods.




Profile


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The Political Economy of Development in Kenya


Book Description

Kenya is a country of geopolitical and economic importance in East Africa. It shares borders with unstable states such as Somalia and Sudan while being a hub for trade, communication, finance, and transportation across the region. Although relatively stable since its independence in 1963, the country still faces poverty, inequality, and corruption. In addition, the contested election of 2007 led to severe ethnic strife that tested its political stability, leading to a new constitution in 2010. This unique survey by a leading expert on the region provides a critical analysis of the socio-economic development in Kenya from a political economy perspective. It highlights Kenya's transition from being a centralized state to having a clear separation of powers and analyzes key issues such as economic growth, urbanization, corruption, and reform. The book identifies Kenya's key socio-development problems and offers solutions to improve both governance and economic performance, making it an essential resource to researchers, academics, and policy makers working on development issues and African politics.




Parastatals in Kenya


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Kenya


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This paper reviews economic developments in Kenya during 1990–95. Real GDP growth decelerated from 4.3 percent in 1990 to close to zero in 1992/93. Inflation accelerated from 12 percent in the 12-month period ended December 1989 to 34 percent in March 1993. The central government’s budget deficit increased from 6.7 percent in 1989/90 to 11.4 percent of GDP in 1992/93. Broad money growth (M2) accelerated from 21 percent in the 12-month period ended December 1991 to 36 percent in March 1993.







The Challenges of Economic and Institutional Reforms in Africa


Book Description

Provides an analysis of strategies for poverty alleviation, sustainable development and peaceful coexistence. Emphasizes the importance of institutions, as well as sound public policies to sustainable economic growth in Africa. Highlights the significance of institutional reforms as part of an effective poverty alleviation programme and identifies key challenges facing Africa such as HIV/AIDS and iproving competitiveness.