BUSINESS IN KENYA

FKE

Kenya is the most developed economy in Eastern Africa.  As of 2015 estimates, Kenya had a GDP of $69.977 billion making it the 72nd largest economy in the world. Per capita GDP was estimated at $1,587. The country is also the economic, commercial, and logistical hub of the entire region.  Kenya’s population is estimated at 41 million with a large number of well educated English speaking and multi-lingual professionals, and a strong entrepreneurial tradition.  It is also a very ‘young’ country with almost 70% of the population under the age of 35. Kenya's strengths include its human resources, natural assets, and strategic location.  

The agricultural sector is the largest employer in Kenya, contributing 23.4% of GDP.  The country’s major exports are tea, coffee, cut flowers, and vegetables. Kenya is the world’s leading exporter of black tea and tea is one of Kenya’s top foreign exchange earners.

Kenya enjoys an extensive transportation infrastructure.  Nairobi is the undisputed transportation hub of Eastern and Central Africa and the largest city between Cairo and Johannesburg.  The Port of Mombasa is the most important deep-water port in the region, supplying the shipping needs of more than a dozen countries.

Kenya's financial and manufacturing industries are the most sophisticated in Eastern Africa.  Kenya’s tourism industry is one of the most successful in the world and the second largest source of foreign revenue. Kenya also is a potentially important source of high-value mineral commodities such as titanium, and oil.  In March 2012, oil was discovered in Turkana by the British oil company Tullow and drilling as well as preparations for commercial exploitation are at an advanced stage.

Private sector-led economic growth has since the early 2000s, been Kenya’s Priority. The Government's business-friendly stance has rolled over into Vision 2030, which sets development benchmarks for a number of priority sectors. This has been complemented by the integration of the EAC and the establishment in 2005 of a customs union and a common market (2010).

Kenya is a member of COMESA with 19 countries, and 14 of which are in a Free Trade Area (FTA). Three regional economic blocks i.e. EAC, COMESA and SADC with a combined population of over 600 million people are currently developing a joint framework and roadmap towards a Free Trade Area by 2015.

Kenya has seen an upward trend in economic development with prospects looking up due to extensive economic reforms, a new constitution, and fundamental reforms in the three arms of government (executive, legislature and the judiciary).

The main sectors contributing to economic growth are building and construction, infrastructure development, manufacturing, transport and services, and tourism particularly from emerging markets; agriculture, and wholesale and retail.

The FKE Management Board meeting currently being chaired by the 1st Vice President; Mr. Habil Olaka. Deliberating o… https://t.co/QRZFYZPovF
Some of the Board Members present; MD KPA; Mrs. Catherine Wairi-Mturi, Eng. Patrick Obath and KSIA Chairman among o… https://t.co/cJoYRiLJq8
FKE Executive Director/ CEO and Secretary to the Management Board accompanied by other Members during the Board mee… https://t.co/F1TgUYN5jt
Happening now; FKE Management Board meeting at Waajiri house https://t.co/xBli0GVfnh
RT @KRACare: 1 day to go! File your tax returns on https://t.co/MGd6niOXlp before June 30th 2017 deadline #LipaUshuru #MkenyaMtrue @rina_
Topical discussion on Dynamism of work- place environment was well articulated on by the able panelists. https://t.co/p9MuO9XNQ3
Participation of special guests and our partners;NHO during the FKE Hr Networking forum. https://t.co/xXwB13VcKq
FKE Hr networking Forum @ Crowne plaza, Nairobi. https://t.co/eULw212pSI
BUSINESS Africa General Assembly Meeting proceedings in Geneva. https://t.co/mt7ysi6kjM
Business Africa Secretary General, Mrs. Jacqueline Mugo ( in red) addressing delegates during the Business Africa G… https://t.co/cTNzrZGgP6
RT @ioevoice: Jacqueline Mugo of @FKEKenya speaks on behalf of #employers on Child Labour Day @ILO_Childlabour #ILC2017 https://t.co/NPrFjR…
RT @ioevoice: We welcome inclusion of 3 C 182 [worst forms of child labour] cases in list of #CAS during #ILC2017 says J Mugo on behalf of…
RT @ioevoice: #employers and #workers representatives side-by-side on Child Labour Day #ILC2017 @ILO_Childlabour #nochildlabour https://t.c…
FKE, Executive Director representing FKE; #saynotochildlabour https://t.co/pIq8zpgYxp
Congratulations to Mrs. Jacqueline Mugo, CEO,FKE on her re-election to the ILO Governing Body for the next 3 years.… https://t.co/E2Antyt1DC
FKE, Executive Director while attending the 106th ILO Conference in Geneva. https://t.co/8b8pY7qwd3
FKE Executive Director, Mrs. Jacqueline Mugo delivering her speech during the 106th ILO conference in Geneva https://t.co/8qXbskkoSm
RT @PresidentKE: Today is a historic day as we board #MadarakaExpress. We are Nation proud of our achievement and focus on transformation.…
RT @LiquidTelecomKe: The speeds are fast the connectivity is very reliable #FreeWifi on the #MadarakaExpress powered by @LiquidTelecomKe h…
RT @KiroriRose: More proud to be a Kenyan today. https://t.co/wmtRyBrypT
RT @KenyaRailways_: #SGRLaunch, the day is finally here. Good morning from Mombasa Terminus #MadarakaExpress #GOKdelivers https://t.co/UDsg…