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Business & Economy Of Kenya

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» Business & Economy Overview
Kenya provides one of the best investment and business locations in sub-Saharan Africa. In the years 2005 and 2006 Kenya recorded high levels of economic growth figures, driven by a series of economic and social reforms.
Kenyan economy is largely agricultural and the main cash crops are tea and coffee, although pyrethrum, sisal, sugar and cotton are also important. Kenya is one of the few African countries with a significant dairy industry. It also has a sizeable manufacturing sector, which produces cement, paper, drinks, tobacco, textiles, rubber and metal products amongst other goods. The mining industry is very small. In Kenya, liberalized markets, stable macro-economic conditions and more operations of the strategic public enterprises are expected to enhance the level and the efficiency of private investment, and result in increased income and job creation.

The government is supporting the Private Sector and especially export-oriented industrialization with a longer term objective of achieving the status of a Newly Industrialized Country (NIC) by the year 2020. Foreign ownership in listed Kenyan companies is generally restricted to 40% in the aggregate and 5% for each individual investor.

Opportunities Of investment exist in nearly all the sectors and especially in agro based industries, furniture and paper products, garments and textiles, machinery & building materials, jewelry and watch manufacture, food processing, cosmetics, pharmaceuticals, electronic goods, solar technology products; IT/Data processing, tourism, banking and financial services, housing, roads, ports, railways and energy sector.
Industrial Products : Small-scale consumer goods (like- furniture, plastic, batteries, textiles, cigarettes, flour & soap), agricultural products processing, oil refining, cement, tourism.
Agricultural Products : Small-scale consumer goods (like- furniture, plastic, batteries, textiles, cigarettes, flour & soap), agricultural products processing, oil refining, cement, tourism.
Main Exports : Tea, coffee, horticultural products, petroleum products & fish.
Main Imports : Petroleum products, iron and steel, motor vehicles, machinery & transportation equipment.
Main Dealing With : Uganda & Tanzania (mainly) in Africa, UK & Netherlands, and the far East.
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