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.

As we head in to the future more work activities will be automated. There are also emerging trends at the place of… https://t.co/1hjN9YrmfH
The sugar sector within the region is a matter that the government should engage all stakeholders on its future. We… https://t.co/Ds02jI2nJN
Our Western Branch members currently engaged in the 39th regional AGM. https://t.co/05F4wFn3jM
RT @ILO_GlobalKSP: Are you an employer and want to contribute to closing the #skills gap? Here’s what you can do 👉https://t.co/Yue2PxYfDY @…
May this Easter be a wonderful time spent with family and friends. #HappyEaster #GoodFriday https://t.co/PdUTSzBV6O
@Jacquelinemugo2 https://t.co/yHKiSfS468
What is in there for the employer? @Jacquelinemugo2 @FKEKenya https://t.co/gp1uu2edNO
The formal sector that is to be taxed 1.5% for the Housing Levy Fund is a small fraction of the entire population.… https://t.co/Ttp00Hi6b0
Exactly what employers are saying! @Jacquelinemugo2 , @FKEKenya https://t.co/o055fwgnax
The employers concerns have not been looked into @Jacquelinemugo2 @FKEKenya https://t.co/kY2umC33md
Yes, there is need for more information @Jacquelinemugo2 @FKEKenya https://t.co/nB8ZZjK49z
Informal sector is growing very fast. The formal sector is shrinking yet it is taxed more! https://t.co/ZFDgqGYczk
alternative sources https://t.co/v0PzLc9oKF
Housing Act can be reviewed https://t.co/xdnfUc6kI0
RT @KTNKenya: The government will start deducting 1.5 per cent housing levy from employees and employers in the public and private sector…
It will take 120 years for the person earning Sh25,000 per month to own a house- Prof Omenya @KTNNewsDesk @Jacquelinemugo2
Yes there is a need to factor in the housing schemes that the employers provide for their employees @FKEKenya,… https://t.co/XENmqUzoy6
The Government is yet to put up a single house under the big for agenda @FKEKenya @Jacquelinemugo2 https://t.co/2RSelJyWlQ
FKE is opposed to the introduction of Housing Levy Fund, https://t.co/iVXuKEZLim
Gracing the Rift Valley Branch AGM & @60 years celebration is Nakuru's Deputy Governor- Hon. Dr. Erick Korir. In hi… https://t.co/GURJb5l6ZJ
Our Diamond Jubilee is a golden opportunity to celebrate the Federations’ journey, reaffirm her position as the aut… https://t.co/YG0JPdwhSh
For many years FKE has represented employers in various regional and global platforms and forums to ensure our voic… https://t.co/AaarnmXZg1
We have applied our unique expertise in advocacy and influence in the areas of employment, labour relations and soc… https://t.co/F5TOKgZYco
From an organizational standpoint, FKE is much stronger today than when it started in January 1959. We have achieve… https://t.co/iw14gOPxbv