WB Wants Shift of Incentives From Real Estate

[The Star] The World Bank wants Kenya to shift incentives away from heavy investments in non-tradable goods such as real estate and building and construction and concentrate on making export markets competitive. In its recent Kenya economic update titled Walking on a Tightrope, the institution said the decline of Kenya's external balance has been accompanied by growing tensions from internal imbalances that created economic stability in 2011 in the form of high inflation, low savings and high unemployment.