East Africa

Kenya

Sovereign risk B+KES
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Regional hub for East Africa with a track record of PPP delivery in energy and transport, and a strong pipeline in urban mobility and digital infrastructure.

GDP
$113B
Currency
KES
Risk
B+
Open now
1
PPP pipeline
2
Bankable
0
0 tenders

Economy · Économie

National colours
Live exchange rate
1 USD = KES
1 EUR = KES
Reference rateopen.er-api.com
Unemployment
5.6%
Human Development (HDI)
0.628Medium
World rank #146 · UNDP 2023
Economic zones
EACCOMESAIGADAUAfCFTA
Memberships & trade blocs for Kenya
Public debt
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IMF program status

EFF/ECF + RSFCompleted
Kenya — IMF engagement
IMF country page
Approved
Apr 2021 → Apr 2025
Envelope
SDR 2.34B (~$3.6B)
Last review
9th & final review completed Oct 2024

Successor engagement under discussion; RSF disbursed for climate reforms.

Key sectors

Where deal flow is concentrated in Kenya today.

Transport & Logistics
Ports, rail, roads, aviation
2

Risk notes

Sovereign credit ratings
Long-term foreign-currency issuer ratings from the three major international agencies.
Bloomfield rating (regional scale)
African regional credit rating agency (WAEMU / CEMAC national scale).
Bloomfield

Not currently rated by Bloomfield Investment Corporation.

Politicalmedium

Stable transitions of power, standard election cycles.

Macro / FXmedium

Manageable inflation with occasional currency pressure.

Regulatorylow

Established procurement code and PPP framework.

Executionmedium

Delivery track record varies by sector and sponsor.

National strategic plans

Official strategic plans and reference documents — download directly from source.

Opportunities in Kenya

2 live · $0.35Bn notional