APRM • SECOND COUNTRY REVIEW REPORT OF THE REPUBLIC OF KENYA
387.
In addition, partners are expected to make commitments on the remaining following
sectors:
i)
Health and social services;
ii) Construction and related services;
iii) Energy services;
iv) Environment services; and
v) Movement of natural persons.
389.
Regional Expansion of Banking and Financial Services. Kenya is undoubtedly in the forefront
of the removal of economic barriers. It has taken the initiative to expand financial services
in the regional member countries. Some Kenyan financial institutions have established
branches in the other EAC member countries. They are Kenya Commercial Bank (KCB),
Equity Bank and Fina Bank, among others. These branches are in addition to the mobile
telephony financial services, which extend across the region including M-Pesa services.
Furthermore, Kenya continues to play an important role in promoting peace and security
and is participating in ongoing efforts to restore stability in both Somalia and South Sudan.
390.
Conflict Resolution. Other notable achievements include institutionalization of mechanisms
for early warning about conflicts, refugee management, control of the proliferation of small
arms, electro monitoring within member states and information exchange for monitoring
external threats to the region.
391.
Finance and Investment. There is significant leveraging of the regional programme in the
promotion of trade and investments as well as development of regional infrastructure. The
Customs Union’s positive impact on increased intra-EAC trade and growth of revenue is
felt and shared in all the Partner States. All the EAC countries have reported increased
revenues since the operations of the EAC Customs Union were launched.
392.
Transport and Communications. In the Infrastructure sub-sector, steady progress is
maintained on the East African Road Network Project, in particular the Mombasa – Gatuna
Road (Northern Corridor) and the Dar-es-Salaam - Mutukula Road (Central Corridor), which
have been taken to the implementation stages. The completion of the re-construction
of the Arusha- Namanga- Athi River road has boosted trade. Kenya continues to invest
in improvement of the Northern corridor road network. In 2014, Kenya launched the
LAPPSET road network, which links the Port of Lamu to South Sudan and Ethiopia, with
the construction of berths at Lamu already in progress.
393.
On the Railways sub-sector, there is the East African Railways Master Plan Study. Similarly,
the projects of railways concession have been well sustained.
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