This research report was prepared by the Research Department of Old Mutual Securities Limited. Old Mutual Securities Limited is a securities trading company licensed by the Capital Markets Authority (Kenya) for the purpose of facilitating trade on the Nairobi Securities Exchange

In Brief
  • Kenya’s GDP scales up 25% to KES 4.75tr (USD 53.2bn) from KES 3.8tr (USD 42.6bn).
  • The rebase qualifies Kenya as a middle-income country from a low-income as per the World Bank standards.
  • Now Kenya’s GDP per capita is USD 1,246, a head of USD 1,045 World Bank threshold to qualify for being middle-income country.
  • Now Kenya is the 9th largest economy In Africa and 4th largest in SSA after Nigeria, South Africa and Angola.
  • The rebase improves the country profile hence we forecast increased FDI inflows going forward.
Read more in the document below:

Related links:
View Kenyan annual reports on
Visit Old Mutual Securities Limited website