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.

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…
RT @teddyeugene: Every year, about 10,000 students graduate from university. But of these, 7,000 do not have the skills required by the job…
RT @ciryan_nelson: The Kenyan job market, just like any other sector is changing fast. This can be attributed to a number of factors, key a…
RT @VictorMochere: Vertical skills mismatch: The level of education or qualification is less or more than required. Horizontal skills mism…
RT @waithash: Jobs are available in Kenya, but the challenge is getting skilled talent. We need more organizations that focus on upskilling…
Incase you missed the FKE Skills Mismatch Survey 2017 report, please log on on our facebook https://t.co/ib1egGzLCQ for live presentations
RT @FaithArimba: #FKESkillsMismatch Uptake of master’s degree courses is on the rise in the job market offering competition for job positio…
RT @teddyeugene: Grades are never enough, what difference can you bring to the job that you have been hired to. #FKESkillsMismatch @TifaRes
RT @22Orapak: Skills mismatch by labour economists leads to wastage and impedes kenya's global competitiveness and leads to unemployment am…
RT @Itsmboya_k: Foremost, is the need to enhance youth employability by addressing the skills mismatch between education and labour market…
RT @FaithArimba: Employers in Kenya are increasingly shunning away graduates from Public Universities because of the poor quality of course…
RT @teddyeugene: #FKESkillsMismatch there is a rising concern over employees getting jobs that they are not qualified for.
RT @RoyalKenyah: #FKESkillsMismatch Every year, universities in Kenya churn out tens of thousands of graduates. Unfortunately, majority of…
RT @Itsmboya_k: Honestly employees should be realistic. Imagine you are just fresh from campus and you are supposed to have 10 years of wor…
RT @22Orapak: Kenya currently requires more trained craftsmen, artisans, technicians and technologists to bridge a biting skills gap and ki…
RT @FaithArimba: #FKESkillsMismatch Nearly half of Kenyan adults lack employment despite several years or months of job seeking. This espec…
RT @teddyeugene: #FKESkillsMismatch exists between the demands of the current global marketplace and the skills thousands of young people h…
RT @ItsJnShine: Unemployment is a very sensitive issue in Kenya. So today, @TifaResearch just realised the #FKESkillsMismatch survey and y…
RT @TifaResearch: Emerging Skills or competency #FKESkillsMismatch survey https://t.co/3Eg8Oq9SIn
RT @WekuloNasokho: Very well noted. It is never a one size fits all approach. It may well mean tailoring actions to suit different organiza…