Yannis Karmokolias - The business of education: a look at Kenyas private education sector, Part 63

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title	:	The Business of Education : A Look At Kenya's Private Education Sector Discussion Paper (International Finance Corporation) ; No. 32
author	:	Karmokolias, Yannis.; Maas, Jacob van Lutsenburg
publisher	:	World Bank
isbn10 | asin	:	0821340565
print isbn13	:	9780821340561
ebook isbn13	:	9780585241227
language	:	English
subject	Private schools--Kenya--Finance, Educational assistance--Kenya, Educational surveys--Kenya, International Finance Corporation.
publication date	:	1997
lcc	:	LB2826.6.K4K37 1997eb
ddc	:	371.2/06/096762
subject	:	Private schools--Kenya--Finance, Educational assistance--Kenya, Educational surveys--Kenya, International Finance Corporation.

IFC Discussion Papers No. 1 Private Business in Developing Countries: Improved Prospects. Guy P. Pfeffermann No. 2 Debt-Equity Swaps and Foreign Direct Investment in Latin America. Joel Bergsman and Wayne Edisis No. 3 Prospects for the Business Sector in Developing Countries. Economics Department, IFC No. 4 Strengthening Health Services in Developing Countries through the Private Sector. Charles C. Griffin No. 5 The Development Contribution of IFC Operations. Economics Department, IFC No. 6 Trends in Private Investment in Thirty Developing Countries. Guy P. Pfeffermann and Andrea Madarassy No. 7 Automotive Industry Trends and Prospects for Investment in Developing Countries. Yannis Karmokolias No. 8 Exporting to Industrial Countries: Prospects for Businesses in Developing Countries. Economics Department, IFC No. 9 African EntrepreneursPioneers of Development. Keith Marsden No. 10 Privatizing Telecommunications Systems: Business Opportunities in Developing Countries. William W. Ambrose, Paul R. Hennemeyer, and Jean-Paul Chapon No. 11 Trends in Private Investment in Developing Countries, 1990-91 edition. Guy P. Pfeffermann and Andrea Madarassy No. 12 Financing Corporate Growth in the Developing World. Economics Department, IFC No. 13 Venture Capital: Lessons from the Developed World for the Developing Markets. Silvia B. Sagari with Gabriela Guidotti No. 14 Trends in Private Investment in Developing Countries, 1992 edition. Guy P. Pfeffermann and Andrea Madarassy No. 15 Private Sector Electricity in Developing Countries: Supply and Demand. Jack D. Glen No. 16 Trends in Private Investment in Developing Countries 1993: Statistics for 1970-91. Guy P. Pfeffermann and Andrea Madarassy No. 17 How Firms in Developing Countries Manage Risk. Jack D. Glen No. 18 Coping with Capitalism: The New Polish Entrepreneurs. Bohdan Wyznikiewicz, Brian Pinto, and Maciej Grabowski No. 19 Intellectual Property Protection, Foreign Direct Investment, and Technology Transfer. Edwin Mansfield No. 20 Trends in Private Investment in Developing Countries 1994: Statistics for 1970-92. Robert Miller and Mariusz Sumlinski (Continued on page 36)

Page i INTERNATIONAL FINANCE CORPORATION DISCUSSION PAPER NUMBER 32 The Business of Education A Look at Kenya's Private Education Sector Yannis Karmokolias Jacob van Lutsenburg Maas The World Bank Washington, D.C.

Page ii Copyright 1997 The World Bank and International Finance Corporation 1818 H Street, N.W. Washington, D.C. 20433, U.S.A. All rights reserved Manufactured in the United States of America First printing September 1997 The International Finance Corporation (IFC), an affiliate of the World Bank, promotes the economic development of its member countries through investment in the private sector. It is the world's largest multilateral organization providing financial assistance directly in the form of loans and equity to private enterprises in developing countries. To present the results of research with the least possible delay, the typescript of this paper has not been prepared in accordance with the procedures appropriate to formal printed texts, and the IFC and the World Bank accept no responsibility for errors. The findings, interpretations, and conclusions expressed in this paper are entirely those of the authors and should not be attributed in any manner to the IFC or the World Bank or to members of their Board of Executive Directors or the countries they represent. The World Bank does not guarantee the accuracy of the data included in this publication and accepts no responsibility whatsoever for any consequence of their use. Some sources cited in this paper may be informal documents that are not readily available. The material in this publication is copyrighted. Requests for permission to reproduce portions of it should be sent to the Office of the Publisher, at the address shown in the copyright notice above. The World Bank encourages dissemination of its work and will normally give permission promptly and, when the reproduction is for noncommercial purposes, without asking a fee. Permission to copy portions for classroom use is granted through the Copyright Clearance Center, Inc., Suite 910, 222 Rosewood Drive, Danvers, Massachusetts 01923, U.S.A. ISSN (IFC Discussion Papers): 1012-8069 ISBN 0-82134056-5 Yannis Karmokolias is senior economist in the Economics Department of the IFC. Jacob van Lutsenburg Maas is lead specialist in education in the IFC. Library of Congress Cataloging-in-Publication Data Karmokolias, Yannis, 1946 The business of education : a look at Kenya's private education sector / Yannis Karmokolias, Jacob van Lutsenburg Maas.

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