Driver Overview
This section shows a country’s rank, ranking change and score for each of the eight drivers. It also categorises each country’s driver performance on a scale from “Emerging” (score from 0-20) to “Global Leader” (score from 80-100).
Rank
Score /100
Best practice
Metric Overview
Strengths
Strength of insolvency framework
Kenya has a solid framework for reorganisation and bankruptcy which governs formal insolvency. This ensures investors have appropriate protection and helps attract investment for potential infrastructure projects.
Financial stability
Kenya’s financial stability is satisfactory. It is similar to the average of 83 for the Lower Middle Income Countries. A stable financial system facilitates the smooth flow of funds between infrastructure assets and investors. The impact of the COVID-19 pandemic is a concern.
Infrastructure investment
Investment in infrastructure is high in Kenya, at 6.5% of GDP per annum. The COVID-19 pandemic may impact these efforts.
Top Performing Metrics
Top Performing Metrics
This is defined by the metrics with the highest unweighted score out of 100.
Regulatory frameworks:
Strength of insolvency framework
Financial markets:
Financial stability
Activity:
Infrastructure investment
Opportunities to Grow
Post-completion reviews
Kenya does not undertake post-completion reviews for infrastructure projects. Doing so could help determine whether projects have achieved their objectives efficiently and identify areas for improvement.
Stocks traded
At 1% of GDP, Kenya’s value of stocks traded is significantly below the Lower Middle Income Countries’ average of 14% of GDP. As this indicator measures the liquidity of equities, it is important to infrastructure investors to know they can exit investments at appropriate points.
GDP per capita
Kenya has a low GDP per capita of USD 1,998 but is growing at a long-term average rate of 5.6% per annum. High growth, should it not be overly impacted by COVID-19, can be expected to correlate with greater infrastructure spending.
Metrics to Improve
Metrics to Improve
This is defined by the metrics with the lowest weighted score out of 100, such that these metrics would have the greatest impact on the overall score.
For metrics that have binary outcomes (yes=100/no=0), no comparative income group average is reported.
Governance:
Post-completion reviews
Financial markets:
Stocks traded
Funding capacity:
GDP per capita
Detailed Data
This section shows country data for each of the 41 metrics. The figures in brackets denote the change in score since InfraCompass 2017.
Note that all data has been normalised on a scale of 1-100. For raw metric data, please download the complete InfraCompass 2020 dataset.
Where relevant, some metric scores have been inverted, such that all metrics have positive relationships with good infrastructure outcomes. For example, since lower compliance costs make it easier to invest in infrastructure, the normalised value of ‘number of procedures to start a business’ has been reversed such that lower number of procedures are scored closer to 100, and higher numbers closer to 0. In other words, a score of 0 indicates a poor performance, rather than 0 number of procedures.
28.2%
The recovery rate is recorded as cents on the dollar recovered by secured creditors through reorganisation, liquidation or debt enforcement (foreclosure or receivership) proceedings.
20.7%
World Governance Composite Indicator reflecting perceptions of the extent to which agents have confidence in and abide by the rules of society, and in particular the quality of contract enforcement, property rights, the police, and the courts, as well as the likelihood of crime and violence. The rule of law reflects whether the law imposes limits of power on the state, private sector and individuals.
18.1%
Whether the country conducts post-completion reviews on infrastructure projects to ensure the forecast outcomes are being achieved.
15.1%
Measures the governance practices that protect shareholders through three dimensions: the extent of shareholder rights index (shareholders’ rights and role in major corporate decisions), the extent of ownership and control index (governance safeguards protecting shareholders from undue board control and entrenchment), and the extent of corporate transparency index (corporate transparency on ownership stakes).
12.8%
Political stability and absence of violence score
Measures perceptions of the likelihood of political instability and/or politically-motivated violence, including terrorism. Estimate gives the country's score on the aggregate indicator, in units of a standard normal distribution i.e. ranging from approximately -2.5 to 2.5.
5%
Whether an infrastructure agency exists to coordinate an integrated approach to infrastructure delivery and policy.
Kenya
Lower-middle Income Countries Average
Description
The recovery rate is recorded as cents on the dollar recovered by secured creditors through reorganisation, liquidation or debt enforcement (foreclosure or receivership) proceedings.
Weighting (% of Driver)
28.2%
Source Link
Description
World Governance Composite Indicator reflecting perceptions of the extent to which agents have confidence in and abide by the rules of society, and in particular the quality of contract enforcement, property rights, the police, and the courts, as well as the likelihood of crime and violence. The rule of law reflects whether the law imposes limits of power on the state, private sector and individuals.
Weighting (% of Driver)
20.7%
Description
Whether the country conducts post-completion reviews on infrastructure projects to ensure the forecast outcomes are being achieved.
Weighting (% of Driver)
18.1%
Source Link
Description
Measures the governance practices that protect shareholders through three dimensions: the extent of shareholder rights index (shareholders’ rights and role in major corporate decisions), the extent of ownership and control index (governance safeguards protecting shareholders from undue board control and entrenchment), and the extent of corporate transparency index (corporate transparency on ownership stakes).
Weighting (% of Driver)
15.1%
Source Link
Description
Measures perceptions of the likelihood of political instability and/or politically-motivated violence, including terrorism. Estimate gives the country's score on the aggregate indicator, in units of a standard normal distribution i.e. ranging from approximately -2.5 to 2.5.
Weighting (% of Driver)
12.8%
Description
Whether an infrastructure agency exists to coordinate an integrated approach to infrastructure delivery and policy.
Weighting (% of Driver)
5%
Source Link
Country Overview Data
2,219 USD
Population49.8 million persons
53.6 (0-100 best)
Infrastructure investment6.9% of GDP
Infrastructure gap1.3% of GDP
98.6 USD billion
GDP growth rate5.6%
GDP per capita growth rate9.1%
Gini coefficient40.8 (0-100 worst)
Gross Government Debt62.0% of GDP
Inflation rate5.6%
Summary credit rating35.0 (0-100 best)
Unemployment rate9.3%
Urbanisation ratio27.0% of total population
Road connectivity72.1 (0-100 best)
4.1 (1-7 best)
Efficiency of train services4.0 (1-7 best)
Efficiency of air transport services5.0 (1-7 best)
Efficiency of seaport services4.2 (1-7 best)
Electricity access73.4% of population
Electricity supply quality19.5% of output lost
Exposure to unsafe drinking water61.9% of population
Reliability of water supply3.6 (1-7 best)
Digital Adoption Index0.5 (0-1 best)
Mobile-broadband subscriptions41.9 per 100 population
Fixed-broadband Internet subscriptions0.7 per 100 population