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 formal sector is now heavily taxed. We need to expand the tax bracket to include the informal sector," Mrs Jac… https://t.co/2P6a2auAvF
ILO Project Manager Hari Pada Das introducing the new manager Aggrey Ndombi to the Federation, @Jacquelinemugo2,… https://t.co/5BfF799RpI
"It is FKE's interest that we develop skills that the Industry needs," Mrs Jacqueline Mugo, Executive Director and… https://t.co/nYWLklcJGr
Courtesy call by ILO Project Manager at our FKE offices, FKE Executive Director Mrs. Jacqueline Mugo… https://t.co/J9pn4yQXJa
A call by FKE to Employers to avoid unnecessary exposure, litigation and penalties by Complying with Labour Audits… https://t.co/P2qw7sb0c1
RT @ilo: Dialogue and equity are key to sound labour relations and at the heart of collective bargaining, helping to build stable, decent s…
We join our Members @Cellulant in celebrating the lives of #CellulantBrave6. May The Lord grant their families, col… https://t.co/i5ruISzfHG
Set a negotiation strategy while carrying out CBA negotiations;- Linus Kariuki-Head of Industrial Relations… https://t.co/W35fM9nMlp
@FKEKenya ,@BATPress ,@lugado05 Importance of CBA is to enhance harmonious relationship between workers and employe… https://t.co/U6RbK2qrHi
Recognition Agreement is a legal instrument between workers and employers that must be registered in the Employment… https://t.co/M6bcMSyRng
FKE-BAT Pre-CBA workshop:-Industrial harmony is a major bedrock to sustainable business performance in any organiza… https://t.co/FM8kmb5Qpq
FKE's Pre CBA Negotiations workshop for Union Officials and Management Staff of British American Tobacco Kenya (BAT… https://t.co/h0zJbfQrgy
RT @ilo: Discover how the @ILO has brought forward voices at work for 100 years. Our Story, Your Story 👉 https://t.co/3Wc8mmtMac #ILO10
Court blocks formation of State housing project team https://t.co/nRzPIBZhc3
FKE stops formation of Housing Fund board https://t.co/bEk5kGlu7V via @BD_Africa
Employers win as court blocks formation of housing fund board https://t.co/85JWBdD3Ba via @TheStarKenya
Be an early applicant and take advantage of our 2019 Learning and Development Programmes https://t.co/04KaBxyBXP https://t.co/J01xvKhR3A
Wishing all our members, partners and friends a Merry Christmas and a Happy New Year 2019. We shall remain closed f… https://t.co/1w8Xx0X5EN
FKE Staff retreat planning https://t.co/MTi8BkPeeh
@FKEKenya Team on a retreat to go through the 2018 - 2022 Strategic plan that is aimed at improving service deliver… https://t.co/XTvqTmH9YT
RT @22Orapak: Ensure effective implementation of the curriculum by the tertiary institutions. Provide policy guidelines which will lead the…
RT @22Orapak: Suggestion for the government: Need to review curriculum to meet labour needs-Putting more practical oriented units, ensurin…
RT @Jacquelinemugo2: @FKEKenya The Skills Mismatch survey outcomes has opened up avenues for better collaboration between industry and ter…
RT @teddyeugene: For Kenya to be an industrialised and middle income country as anticipated in Vision 2030, there is need for heavy commitm…
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