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.

https://t.co/CpchkAfGZ6 FKE's stand on proposed amendments on NHIF, NSSF, and HELB Acts
https://t.co/ztwsRghy4P FKE Executive Director Mrs. Jacqueline Mugo @jacquelinemugo addressing the 42nd Annual Conf… https://t.co/119ZRxwmKw
https://t.co/DnapK71qu0 Why FKE is opposed to strikes.
https://t.co/OJCxi8YGt3 Should the President increase the minimum wage ?
https://t.co/9ZAfjUN0Hp Follow AM Live with Stephen Obiro, FKE's Manager, Research and Policy Advocacy
Follow the conversation at @NTVSasa where FKE's Senior Legal Officer George Masese discussed with KUJ's Eric Oduor on state of employment
Board Retreat to analyze the FKE Strategic Plan 2018-22
The Federation of Kenya Employers(FKE) together with the Confederation of Norwegian Enterprise (NHO), China Enterp… https://t.co/xp4nCxYgGl
The theme for this year's AGM in Mombasa on 12th April, 2018 is "Skills Development and the Future of Work".
The Federation of Kenya Employers (FKE) Coast Regional Annual General Meeting will be held on Thursday, 12th April… https://t.co/zGYHUko0hM
RT @rosemmwaura: Do not miss out the @FKEKenya Western Branch Region 38th AGM starting at 11 a.m. All is set and we are proud to host both…
RT @rosemmwaura: Mr. Michael Wanga, Ag. CEO Lake Region Economic Bloc rep' H.E Wycliffe Oparanya, Governor Kakamega County @FKEKenya Weste…
RT @rosemmwaura: H.E Prof. Anyang ' Nyong'o, Governor Kisumu County making his remarks @FKEKenya Western Kenya AGM. We must be skilled at…
FKE trains Employers on current trends in Occupation, Safety and Health (OSH) management at the workplace in Mombas… https://t.co/nnOvrLFvqN
FKE Executive Director, Jacqueline Mugo @jacquelinemugo, attends the IOE Management Board Meeting @ioevoice ,Geneva. https://t.co/8ZcV1zA1w2
RT @rosemmwaura: Well done IOE and to our very own @FKEKenya ED/CEO @MugoJacqueline https://t.co/kBAsRPVdyA
The Minister of Public Works, Ireland, Kevin Moran @kevinboxermoran visits FKE Office at OSC @KenInvest accompanied… https://t.co/uZ9q6B646R
FKE is the only Private Agency that has an office at One Stop Centre (OSC) @KenInvest advising all FDI on employmen… https://t.co/xmTBi9Fd8s
Welcome to FKE offices at OSC @KenInvest Watch out for a joint press conference with Irish Ambassador and CS Trade… https://t.co/P3juASCGil
One Stop Centre @KenInvest where FKE is serving all the FDI by ensuring that all their employment issues are handl… https://t.co/K1j67vZIf1
FKE is proud to be part of One Stop Centre @KenInvest as we prepare to launch the OSC state of the art offices, 14… https://t.co/AnxIw6GGmu
Congratulations: FKE facilitates CBA signing between IG (Invest & Grow) Co-operative Savings & Credit Society Lim… https://t.co/NgK3dtJ5dP
FKE Trains EABL Senior Managers on Staff Outplacement. This is a good corporate practice as we embrace mutual disen… https://t.co/M4cvPwtIN3