Barclays
Adan Mohamed, MD
1. What makes your country attractive to investors?
Kenya is blessed with a stable political and economic environment in the wider East 7 Central African region. Availability of skilled labour and unregulated foreign exchange market enable investors to repatriate dividends.
2. What are the economic prospects for your country over the next three to five years?
GDP growth in excess of 5% is expected during this period with key sectors of agriculture, tourism, and trade being the main drivers.
3. How do you foresee the financial sector in your country changing?
The focus of the financial sector has been largely around major towns and cities with emphasis on medium/upper end customer profiles. We will see more deepening of the sector into micro lending across the country. Competition will make this happen.
4. What role will your bank play in your country’s future development?
We have been in Kenya for over 90 years and today command a market share in excess of 25%. Our world class banking standards and innovative products will enable the country to modernise its financial services sector.
