"Kenya Shipping Report Q4 2014" now available at Fast Market Research

For 2014, we have 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 Mombasa 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 in the long term.

We are predicting that a combination of relative political stability, rising investment, and Kenya's status as the commercial hub of a fast-growing region will underpin strong GDP growth. BMI is now projecting 6.1% GDP growth in 2014 followed by 6.2% in 2015. In our view Kenya's capital, Nairobi, and key port, Mombasa, remain well-placed as the commercial centres of an East African Community (EAC) enjoying a resource boom and 7%-plus annual growth rates.

Full Report Details at
- http://www.fastmr.com/prod/900724_kenya_shipping_report_q4_2014.aspx?afid=301

Domestically, growth will be led by strong household consumption (rising as more Kenyans join the ranks of the middle classes and despite continuing income inequalities), comparative price stability, and robust investment. Public spending will also rise, particularly since the introduction of reforms in 2010 which require the creation of a new level of government - 47 county-level administrations with a wide variety of responsibilities for agriculture, transport, and health services. Net exports will, for the moment, be something of a drag on Kenyan growth, although we note the beginnings of a move to diversify from raw or semi-processed agricultural goods in the direction of manufacturing, including automobile and motorcycle assembly.

Headline Industry Data

* Port of Mombasa tonnage throughput forecast to grow 3.6% in 2014 to reach 23.390mn tonnes. Growth to average 4.1% a year in the medium term to 2018.
* Container throughput at Mombasa is forecast to grow 11.9% in 2014 to reach 1.141mn twenty-foot equivalent...

The Kenya Shipping Report has been researched at source and features latest-available data and Business Monitor International (BMI)'s independent forecasting, critically analysing international transport of dry bulk and containers. The report evaluates the global commodities and trade backdrop, alongside in-depth country-specific analysis of trade prospects. The report also contains company profiles covering leading multinational and national shipping companies and analysis of latest industry news, trends and regulatory developments in Kenya.

BMI's Kenya Shipping Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the shipping industry in Kenya.

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