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BMI View: BMI has a positive outlook for Kenya's ports and shipping sector based on three main factors: reasonable economic growth in Kenya itself; a dynamic East African region (this is important because Mombasa acts as a trade gateway for many of Kenya's neighbouring countries); and finally, continuing signs that the port's ongoing congestion problems are easing. Granted, there are significant threats to Mombasa's almost monopoly-like role in this part of Africa, but they exist on the long term. On Track For Strong Growth In 2013 and 2014 We are maintaining our upbeat outlook for the Kenyan economy, predicting GDP growth of 5.7% this year, rising to 6.2% next. Our forecast has been strengthened by good numbers for Q113, when the economy defied concerns over an election-related slowdown to ...
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