What is Kenya's GDP?
Economy of Kenya
Between 2013 to 2017 under Uhuru Kenyatta government, the GDP growth averaged 5% per annum. In 2018 Kenya's Gross Domestic Product (GDP) is about US$85.98 billion. Per capita GDP averages somewhat more than US$1,790 annually. Adjusted in purchasing power parity (PPP) terms, per capita GDP in 2018 is about US$3,657. The country's real GDP growth averaged 5.7 percent in the first quarter of 2018 and nearly 6.3 percent in the second quarter of 2018, compared with 4.7 percent in the first quarter of 2017.
Central Bank of Kenya
The Central Bank of Kenya (CBK) () is the monetary authority of Kenya. The Bank's Head Office is located in Nairobi. CBK was founded in 1966 after the dissolution of East African Currency Board (EACB). Dr. Patrick Ngugi Njoroge is current Governor of CBK and Ms. Sheila M’Mbijjewe the Deputy Governor.
Health in Kenya
The 2010 maternal mortality rate per 100,000 births for Kenya is 530, yet has been shown to be as high as 1000 in the North Eastern Province, for example. This is compared with 413.4 in 2008 and 452.3 in 1990. In Kenya the number of midwives per 1,000 live births is unavailable and the lifetime risk of death for pregnant women 1 in 38. 
Women under 24 years of age are especially vulnerable because the risk of developing complications during pregnancy and childbirth. The burden of maternal mortality extends far beyond the physical and mental health implications. In 1997, the Gross Domestic Product (GDP) loss attributable to MMR per 100,000 live births was $234 US, one of the highest losses compared to other African regions. Additionally, with the annual number of maternal deaths being 6222, the total annual economic loss due to maternal mortality in Kenya was $2240 US, again one of the highest losses compared to other African regions.
Carbacid Investments
Carbacid Investments plc , is a manufacturing and investment company in Kenya, the largest economy in the East African Community. The company manufactures and markets carbon dioxide gas for Food processing, industrial use and medical use as well as dry ice. It also tests and validates gas cylinders. Carbacid Investments currently has a market share of above 65% in the regional carbon dioxide market. The shares of the company's stock are listed on the Nairobi Securities Exchange (NSE), where they trade under the symbol CARB.
Geothermal power in Kenya
The Kenyan Government’s plan to increase geothermal energy production to over 5,000 MW by 2030 is part of "Kenya Vision 2030," which highlights the country’s ambition to become a middle-income country by 2030.
Kenya
Telecommunication and financial activity over the last decade now comprises 62% of GDP. 22% of GDP still comes from the unreliable agricultural sector which employs 75% of the labour force (a consistent characteristic of under-developed economies that have not attained food security—an important catalyst of economic growth) A small portion of the population relies on food aid. Industry and manufacturing is the smallest sector, accounting for 16% of GDP. The service, industry and manufacturing sectors only employ 25% of the labour force but contribute 75% of GDP.
Kenya also exports textiles worth over $400million under Agoa.
Nuclear energy in Kenya
In September 2010 Former Energy and Petroleum Ministry PS Patrick Nyoike announced that Kenya aims to build a 1,000 MW nuclear power plant between 2017 and 2022. 
The projected cost using South Korean technology was US$3.5 billion.
Nuclear and renewable sources of energy such as wind, solar and geothermal plants could play a major role in helping Kenya achieve middle income status, as the reduction of carbon emissions becomes a higher priority.
Kenya
Kenya's inclusion among the beneficiaries of the US Government's African Growth and Opportunity Act (AGOA) has given a boost to manufacturing in recent years. Since AGOA took effect in 2000, Kenya's clothing sales to the United States increased from US$44 million to US$270 million (2006). Other initiatives to strengthen manufacturing have been the new government's favourable tax measures, including the removal of duty on capital equipment and other raw materials.
Kenyan taxation system
Customs duties in Kenya include import duty, excise duty, VAT, import declaration fee and railway development levy. When goods are imported, the following charges are applied depending on the type of goods. There is an import declaration fee (IDF) which is 2.25% of the value of the good with a minimum of 5000KSH payable. There is a railway development levy of 1.5% also payable. There is also the usual charges that include import duty, excise duty, and VAT.
Economy of Kenya
The Government of Kenya took positive steps on reform, including the 1997 establishment of the Kenya Anti-Corruption Authority, and measures to improve the transparency of government procurements and reduce the government payroll. In July 2000, the IMF signed a $150 million Poverty Reduction and Growth Facility, and the World Bank followed suit shortly after with a $157 million Economic and Public Sector Reform credit.However,both were suspended.
Economy of Kenya
Although Kenya is the most industrially developed country in East Africa, manufacturing still accounts for only 14 percent of gross domestic product (GDP). This level of manufacturing GDP represents only a slight increase since independence. Expansion of the sector after independence, initially rapid, has stagnated since the 1980s, hampered by shortages in hydroelectric power, high energy costs, dilapidated transport infrastructure, and the dumping of cheap imports. However, due to urbanisation, the industry and manufacturing sectors have become increasingly important to the Kenyan economy, and has been reflected by an increasing GDP per capita. Industrial activity, concentrated around the three largest urban centres, Nairobi, Mombasa, and Kisumu, is dominated by food-processing industries such as grain milling, beer production, and sugarcane crushing, and the fabrication of consumer goods, e.g., vehicles from kits. Kenya also has an oil refinery that processes imported crude petroleum into petroleum products, mainly for the domestic market. In addition, a substantial and expanding informal sector engages in small-scale manufacturing of household goods, motor-vehicle parts, and farm implements. About half of the investment in the industrial sector is foreign, with the United Kingdom providing half. The United States is the second largest investor.
SBM Bank Kenya Limited
SBM Bank (Kenya) Limited, previously known as Chase Bank Kenya Limited, is a commercial bank in Kenya, the largest economy in the East African Community. It is licensed by the Central Bank of Kenya, the country's central bank and national banking regulator.
List of companies of Kenya
Kenya is a country in Africa and a founding member of the East African Community (EAC). Its capital and largest city is Nairobi. The capital, Nairobi, is a regional commercial hub. The economy of Kenya is the largest by GDP in East and Central Africa. Agriculture is a major employer; the country traditionally exports tea and coffee and has more recently begun to export fresh flowers to Europe. The service industry is also a major economic driver. Additionally, Kenya is a member of the East African Community trading bloc.
Economy of Kenya
The major destinations for exports are the United Kingdom (UK), Tanzania, Uganda, and the Netherlands. Major suppliers are China, India, United Arab Emirates, Saudi Arabia, and South Africa. Kenya's main exports to the United States are garments traded under the terms of the African Growth and Opportunity Act (AGOA). Despite AGOA, Kenya's apparel industry is struggling to hold its ground against Asian competition and runs a trade deficit with the United States. Many of Kenya's problems relating to the export of goods are believed by most economists to be caused by Kenya's export of inexpensive goods that saturate the global market but do little to substantially raise the amount of money coming into the country.
Financial crisis of 2007–2008
Some developing countries that had seen strong economic growth saw significant slowdowns. For example, growth forecasts in Cambodia show a fall from more than 10% in 2007 to close to zero in 2009, and Kenya may achieve only 3–4% growth in 2009, down from 7% in 2007. According to the research by the Overseas Development Institute, reductions in growth can be attributed to falls in trade, commodity prices, investment and remittances sent from migrant workers (which reached a record $251 billion in 2007, but have fallen in many countries since). This has stark implications and has led to a dramatic rise in the number of households living below the poverty line, be it 300,000 in Bangladesh or 230,000 in Ghana. Especially states with a fragile political system have to fear that investors from Western states withdraw their money because of the crisis. Bruno Wenn of the German DEG recommends to provide a sound economic policymaking and good governance to attract new investors
Goldenberg scandal
However, gold mining represented a tiny portion of Kenya's GDP, with only one operational gold mine (at Kakamega). Goldenberg International therefore developed a scheme of smuggling gold into Kenya from Congo, so that they could legally export it at the higher export price offered by the Kenyan government.
Economy of Kenya
As of 18 June 2012, the Kenya Economic Update launched in Nairobi, indicating that the economy is stabilising due to government action in the third quarter of 2011. The actions taken consisted of a raise in interest rates that in turn brought inflation down. The latest World Bank economic report is projecting an economic growth of 5 percent in 2012, but the economy is still vulnerable to shocks that may reduce growth to a lower 4.1 percent. Johannes Zutt, the World Bank County Director for Kenya, quoted--”Kenya's per capita income has exceeded US$800 for the first time, and Kenyans have an opportunity to enjoy better standards of living as the economy progresses towards middle-income status in the coming years." Jane Kiringai, the Bank's Senior Economist for Kenya, makes a point that--“Structural weaknesses, including a widening current account deficit, pose a significant risk to Kenya's economic stability. Another oil price shock, poor harvest, or contagion in the Euro zone could easily create renewed economic turbulence and reverse the recent gains." Although these problems are currently taking place, the East African Community is creating opportunities to reduce the shocks occurring in Kenya's economy.
Economy of Kenya
As at July 2015 Kenya's inflation rate is 6.62%.
Economy of Karnataka
With an overall GDP growth of 56.2% and a per capita GDP growth of 43.9% in the last decade, Karnataka surpassed all other states in India, pushing Karnataka's per capita income in Indian Rupee terms to sixth place. Karnataka received US$2,026.4 million worth of Foreign Direct Investment for the fiscal year 2008–09, placing it at the third spot among states in India. At the end of 2004, the unemployment rate of Karnataka was 4.57% compared to a national rate of 5.99%. For the fiscal year 2006–07 the inflation rate of Karnataka was 4.4%, which was less than the national average.
Kenya
Diseases of poverty directly correlate with a country's economic performance and wealth distribution: Half of Kenyans live below the poverty level. Preventable diseases like malaria, HIV/AIDS, pneumonia, diarrhoea and malnutrition are the biggest burden, major child-killers, and responsible for much morbidity; weak policies, corruption, inadequate health workers, weak management and poor leadership in the public health sector are largely to blame. According to 2009 estimates, HIV prevalence is about 6.3% of the adult population. However, the 2011 UNAIDS Report suggests that the HIV epidemic may be improving in Kenya, as HIV prevalence is declining among young people (ages 15–24) and pregnant women. Kenya had an estimated 15 million cases of malaria in 2006.
List of Kenyans by net worth
Kenya is the largest economy in the East African Community, with a gross domestic product of US$70.539 billion in 2017. Listed below, are some of the wealthier Kenyans.
Housing Finance Company of Kenya
HF Group, whose official name is Housing Finance Company Limited ("HFC Limited"), but is commonly referred to as Housing Finance, is a mortgage finance provider in Kenya, the largest economy in the East African Community. The company is the only mortgage company regulated by the Central Bank of Kenya, the central bank and national banking regulator.
Kenyan shilling
A bi-metallic 40-shilling coin with the portrait of then-President Mwai Kibaki was issued in 2003 to commemorate the fortieth anniversary of independence (1963–2003). New coins with the image of Kenyatta were issued in 2005. In 2010, Section 231(4) of the 2010 Constitution of Kenya stated "Notes and coins issued by the Central Bank of Kenya may bear images that depict or symbolise Kenya or an aspect of Kenya but may not bear the portrait of any individual." New banknotes and coins are scheduled to be released by 2018 to meet up with this new law. A new series of coins were issued on 11th December 2018, in denominations of 1-, 5-, 10 and 20 shillings. All of the coins depict the national Coat of arms of Kenya on the obverse and images of Africa's recognizable animals on the reverse.
Economy of Kenya
Kenya's development assistance has come from increasingly diverse sources in recent years with China taking an increasingly higher prominent role than the west. The share of funding provided by the United Kingdom has fallen significantly, while that of multilateral agencies, particularly the World Bank and the European Development Fund, has increased. The most active investors currently are the Chinese.
Kenyan taxation system
Kenya is a member of the EAC (East African Community) and COMESA (Common Market for Eastern and Southern Africa) which have their on specific rates on imports and exports. There is currently free trade allowed in the 19 member states of COMESA..
Economy of Kazakhstan
Current GDP per capita shrank by 26% in the Nineties. In the 2000s, Kazakhstan's economy grew sharply, aided by increased prices on world markets for Kazakhstan's leading exports—oil, metals and grain. GDP grew 9.6% in 2000, up from 1.7% in 1999. In 2006, extremely high GDP growth had been sustained, and grew by 10.6%. Business with booming Russia and China, as well as neighboring Commonwealth of Independent States (CIS) nations have helped to propel this growth. The increased economic growth also led to a turn-around in government finances, with the budget moving from a cash deficit of 3.7% of GDP in 1999 to 0.1% surplus in 2000. The country experienced a slowdown in economic growth from 2014 sparked by falling oil prices and the effects of the Ukrainian crisis The country's currency was devalued by 19% in 2014 and by 22% in 2015.
Credit Bank
The bank is a medium-sized commercial bank in Kenya, East Africa's largest economy. Prior to 2010, the bank's focus was large corporations and upscale businesspeople. In September 2010, Credit Bank changed strategy and transformed into a retail bank, serving all segments of society and their businesses. , the bank's total assets were valued at approximately US$103.2 million (KES:10.29 billion), with shareholders' equity valued at US$13.96 million (KES:1.392 billion). At that time, the bank was ranked number 38, by assets, out of the 43 licensed commercial banks in Kenya.
Economy of Kenya
In 2018, Kenya debt had risen to 5 trillion making the Chinese government to temporarily halt the continuation of the Phase 2- SGR railway.
Economy of Kenya
In 1963,Kenya's total GDP was US$926.6 Million with a population of 8.9 million and a per capita of US$104.
Jomo Kenyatta
Independent Kenya had an economy heavily moulded by colonial rule; agriculture dominated while industry was limited, and there was a heavy reliance on exporting primary goods while importing capital and manufactured goods. Under Kenyatta, the structure of this economy did not fundamentally change, remaining externally oriented and dominated by multinational corporations and foreign capital. Kenyatta's economic policy was capitalist and entrepreneurial, with no serious socialist policies being pursued; its focus was on achieving economic growth as opposed to equitable redistribution. The government passed laws to encourage foreign investment, recognising that Kenya needed foreign-trained specialists in scientific and technical fields to aid its economic development. Under Kenyatta, Western companies regarded Kenya as a safe and profitable place for investment; between 1964 and 1970, large-scale foreign investment and industry in Kenya nearly doubled.
Economy of Kenya
In 2006 Kenya's external debt totalled US$6.7 billion. The debt is forecast to be a manageable 30 percent of gross domestic product in 2007.
Economy of Kenya
As of 2009, Kenya's informal economy accounts for about 80 percent of the total employment for the country. Kenya's informal sector consists of mostly self-employed individuals with few entrepreneurs whom employ others. Some of the benefits of the informal sector are that it contributes economic activity of what is equal to 35 % of the total GDP in Kenya, provides an informal finance in Kenya known as ROSCAs, and provides an income for those with lower socioeconomic status.
Economy of Kenya
Kenya is East Africa's hub for financial services. The Nairobi Stock Exchange (NSE) is ranked 4th in Africa in terms of market capitalisation.
Economy of Kenya
Kenya has no significant mineral endowment. The mining and quarrying sector makes a negligible contribution to the economy, accounting for less than 1 percent of gross domestic product, the majority contributed by the soda ash operation at Lake Magadi in south-central Kenya. Thanks largely to rising soda ash output, Kenya's mineral production in 2005 reached more than 1 million tons. One of Kenya's largest foreign-investment projects in recent years is the planned expansion of Magadi Soda. Apart from soda ash, the chief minerals produced are limestone, gold, salt, large quantities of niobium, fluorspar, and fossil fuel.
Del Monte Kenya
In 2011 the company's annual revenue was estimated at 4.5 billion Kenyan shillings and its processing capacity was 1,500 tons of pineapples daily. Due to the company's existence and operations, the largest single manufactured export from Kenya is canned pineapple. Additionally, Kenya ranks among the top five pineapple exporters in the world due to the presence and operations of Cirio Del Monte Kenya. Their products are primarily exported to the European market. 34% of the company's production is juice concentrate, 22% is solid pineapple, 21% is mill juice sugar and 22% is cattle feed.
Poverty in Kenya
After the new government taking office in 2003, there were early signs of economic recovery in Kenya. The annual GDP growth rate had continued to go up during the period from 2003 to 2007. Owing to the success of Economic Recovery Strategy developed by the new government, children had free access to the primary education. To some extent, improved education level and economic boom had eased the poverty in Kenya.
M-Pesa
The growth of the service forced formal banking institutions to take note of the new venture. In December 2008, a group of banks reportedly lobbied the Kenyan finance minister to audit M-Pesa, in an effort to at least slow the growth of the service. This ploy failed, as the audit found that the service was robust. At this time The Banking Act did not provide basis to regulate products offered by non-banks, of which M-Pesa was one such very successful product. As at November 2014, M-Pesa transactions for the 11 months of 2014 were valued at KES. 2.1 trillion, a 28% increase from 2013, and almost half the value of the country's GDP.
Economy of Kenya
The exchange rate of the Kenya shilling between 2003 and 2010 has averaged at about KSh74-78 to US$1.
Economy of Kenya
In 1997, however, the economy entered a period of slowing or stagnant growth, due in part to adverse weather conditions and reduced economic activity prior to general elections in December 1997. In July 1997, the Government of Kenya refused to meet commitments made earlier to the IMF on governance reforms. As a result, the IMF suspended lending for three years, and the World Bank also put a $90 million structural adjustment credit on hold.
Safaricom
The growth of the service forced formal banking institutions to take note of the new venture. In December 2008, a group of banks reportedly lobbied the Kenyan finance minister to audit M-PESA, in an effort to at least slow the growth of the service. This ploy failed, as the audit found that the service was robust. At this time, The Banking Act did not provide the basis to regulate products offered by non-banks, of which M-PESA was one such very successful product. As at November 2014, M-PESA transactions for the 11 months of 2014 were valued at KES. 2.1 trillion, a 28% increase from 2013, and almost half the value of the country's GDP.
Nairobi–Malaba Road
The Nairobi–Malaba Road, also Nairobi–Uganda Road or A104 Road (Kenya) is a major highway in Kenya, the largest economy in the East African Community. The road connects Nairobi, the capital and largest city in Kenya, with the border town of Malaba at the international border with Uganda.
Poverty in Tanzania
GDP
Co-operative Bank of Kenya
Co-operative Bank of Kenya is a commercial bank in Kenya, the largest economy in the East African Community. It is licensed by the Central Bank of Kenya, the central bank and national banking regulator. The bank has intrododuced Agency banking model as it has the second highest customer base in Kenya with over 3.5 million accounts as of June 2013. In 2010, the bank was awarded ""Best Bank of Kenya"" by the London Financial Times due to their excellent growth.
Jordan–Kenya relations
(All currency is in US$ ) 
Kenya imports goods that mostly consist of inorganic chemicals, fertilisers, pharmaceuticals, plastics products, furniture, dates and air conditioning machines.
AFI Global Policy Forum
Central Bank of Kenya
Crime in Kenya
The Kenyan Prison Service was not established until 1911 under the Ministry of Home Affairs, Heritage and Sports. Then in 1917, it was decided to name people to the jobs of Commissioner of Prisons and Assistant Commissioner of prisons. This now caused the responsibility and managing of prisons to be solely controlled by the commissioner. The current head of prison administration in Kenya is Isaiah Samuel Osugo and he oversees all 108 prisons/institutions that are located in Kenya. Throughout the history of Kenya, there has been a long running tab of corruption and violence that has taken place in the country. Kenya has never been a very safe country because of many issues within its political system and they are still having many issues to this day. One fact worth noting is that, "According to the EACC, at least 30% of GDP, which is the equivalent to about $6 Billion in the United States, is being lost to corruption." (Amnesty International) Their government has also been accused of corruption because of inflating costs in procurement processes. Kenya has many problems with armed groups. For example, on 25 October 2016, 12 people were killed in the town of Mandera by Al-Shabaab on a guest house that hosting a theatre group. It is hard for Kenya to put a stop to groups like this when their security agencies are also corrupt. According to Amnesty International, "Security agencies were implicated in human rights violations, including extrajudicial executions, enforced disappearances and torture" (Amnesty International). There is supposed to be freedom of speech and expression in Kenya, but the authorities continue take away the freedom of expression by trying to intimidate journalists, bloggers, and other influential members of civil society.
Economy of Kenya
In 1993, the Government of Kenya began a major program of economic reform and liberalisation. A new minister of finance and a new governor of the central bank undertook a series of economic measures with the assistance of the World Bank and the International Monetary Fund (IMF). As part of this program, the government eliminated price controls and import licensing, removed foreign exchange controls, privatised a range of publicly owned companies, reduced the number of civil servants, and introduced conservative fiscal and monetary policies. From 1994 to 1996, Kenya's real GDP growth rate averaged just over 4% a year.
Nairobi
Nairobi is found within the Greater Nairobi Metropolitan region, which consists of 5 out of 47 counties in Kenya, which generates about 60% of the entire nation's GDP. The counties are:
History of Kenya
Kenya witnessed a spectacular economic recovery, helped by a favourable international environment. The annual rate of growth improved from −1.6% in 2002 to 2.6% by 2004, 3.4% in 2005, and 5.5% in 2007. However, social inequalities also increased; the economic benefits went disproportionately to the already well-off (especially to the Kikuyu); corruption reached new depths, matching some of the excesses of the Moi years. Social conditions deteriorated for ordinary Kenyans, who faced a growing wave of routine crime in urban areas; pitched battles between ethnic groups fighting for land; and a feud between the police and the Mungiki sect, which left over 120 people dead in May–November 2007 alone.
Mombasa
Other local industries include an oil refinery with a capacity of 80,000 barrels a day, and a cement factory capable of producing over 1.1 million tons per year. The major intercontinental undersea telecom cables reach shore next to Mombasa, connecting the African Great Lakes to the rest of the world and supporting a fast-growing call centre business in the area. The estimated real GDP growth for Kenya in 2016 is 5.7-6.0%. This growth will be in response to the construction of a railway system from Nairobi to Mombasa which will aid in trade and transportation between Kenya’s two major cities.
Economy of Kenya
The government of Kenya is generally investment friendly and has enacted several regulatory reforms to simplify both foreign and local investment, including the creation of an export processing zone. An increasingly significant portion of Kenya's foreign inflows are remittances by non-resident Kenyans who work in the US, Middle East, Europe and Asia. Compared to its neighbours, Kenya has well-developed social and physical infrastructure.
Kenya
Kenya is a presidential representative democratic republic, in which elected officials represent the people and the president is the head of state and government. Kenya is a member of United Nations, World Bank, International Monetary Fund, COMESA, and other international organisations. With a GNI of 1,460, Kenya is a lower-middle-income economy. Kenya's economy is the largest in eastern and central Africa, with Nairobi serving as a major regional commercial hub. Agriculture is the largest sector; tea and coffee are traditional cash crops, while fresh flowers are a fast-growing export. The service industry is also a major economic driver, particularly tourism. Kenya is a member of the East African Community trade bloc, though some international trade organisations categorise it as part of the Greater Horn of Africa. Africa is Kenya's largest export market, followed by the European Union.
Economy of Kenya
Kenya typically has a substantial trade deficit. The trade balance fluctuates widely because Kenya's main exports are primary commodities subject to the effects of both world prices and weather. In 2005 Kenya's income from exports was about US$3.2 billion. The payment for imports was about US$5.7 billion, yielding a trade deficit of about US$2.5 billion.
Outline of Kenya
Economy of Kenya
Uhuru Kenyatta
The high public wage cost has been a headache to Uhuru’s administration. At the start of his term, the President decried the high wage bill which was at 12% of GDP (as against a recommended 7%). In 2015, the President stated that the wage bill was at 50% of the total annual revenue collection of government. In an attempt to curtail it, the President announced a pay cut for himself and his Cabinet in March 2014, reducing his salary by 20%. It was hoped that the high earners in government would follow suit but this did not materialize. Another measure was the newly created constitutional Salaries and Remuneration Commission which it was hoped would regularize salaries but it has faced an up hill battle against Members of Parliament, who wish to protect their earnings and labour unions. The President thereafter ordered an audit of the government payroll so as to flush out ghost workers. The audit identified 12,000 ghost workers. In the meantime, lower cadre government workers have demanded pay rises, more so by teachers and health workers, who have gone on strikes at various times to demand the increase. The strikes in the health sector mainly affect the counties, Kenya’s other level of government, as it is managed by the devolved units.
Kenya
Kenya (; ), officially the Republic of Kenya (), is a country in Africa with 47 semiautonomous counties governed by elected governors. At , Kenya is the world's 48th largest country by total area. With a population of more than 52.2 million people, Kenya is the 27th most populous country. Kenya's capital and largest city is Nairobi while its oldest city and first capital is the coastal city of Mombasa. Kisumu City is the third largest city and a critical inland port at Lake Victoria. Other important urban centres include Nakuru and Eldoret.
National Bank of Kenya
NBK is a large financial services provider in Kenya, serving individuals, small-to-medium companies and businesses (SMEs) and large corporations. Headquartered in Nairobi, the bank owns one subsidiary company: "NatBank Trustee and Investment Services Limited". , National Bank of Kenya's asset base was valued at approximately US$1.07 billion (KES:92.5 billion), with shareholders' equity valued at about US$137.2 million (KES:11.85 billion). At that time, National Bank of Kenya was ranked number eleven, by assets, among the forty-three commercial banks licensed in the country then. The stock of National Bank of Kenya is listed on the Nairobi Stock Exchange, where it trades under the symbol: NBK.
Economy of Kenya
The agricultural sector continues to dominate Kenya's economy, although only 15 percent of Kenya's total land area has sufficient fertility and rainfall to be farmed, and only 7 or 8 percent can be classified as first-class land. In 2006 almost 75 percent of working Kenyans made their living on the land, compared with 80 percent in 1980. About one-half of total agricultural output is non-marketed subsistence production. Agriculture is the second largest contributor to Kenya's gross domestic product (GDP), after the service sector. In 2005 agriculture, including forestry and fishing, accounted for about 24 percent of GDP, as well as for 18 percent of wage employment and 50 percent of revenue from exports. The principal cash crops are tea, horticultural produce, and coffee; horticultural produce and tea are the main growth sectors and the two most valuable of all of Kenya's exports. In 2005 horticulture accounted for 23 percent and tea for 22 percent of total export earnings. Coffee has declined in importance with depressed world prices, accounting for just 5 percent of export receipts in 2005. The production of major food staples such as corn is subject to sharp weather-related fluctuations. Production downturns periodically necessitate food aid—for example, in 2004 aid for 1.8 million people⎯because of one of Kenya's intermittent droughts. However, the expansion of credit to the agricultural sector has enabled farmers to better deal with the large risk of agriculture based on rainfall and the dramatic fluctuations of the prices of agricultural products.
Demographics of Kenya
Kenya's population was reported as 38.6 million during the 2009 census compared to 28.7 million inhabitants in 1999, 21.4 million in 1989, and 15.3 million in 1979. This was an increase of 2.5 percent over 30 years, or an average growth rate of more than 3 percent per year. The population growth rate has been reported as reduced during the 2000s, and was estimated at 2.7 percent (as of 2010), resulting in an estimate of 46.5 million in 2016.
Kenya
Kenya has a high degree of corruption according to Transparency International's Corruption Perception Index (CPI), a metric which attempts to gauge the prevalence of public sector corruption in various countries. In 2012, the nation placed 139th out of 176 total countries in the CPI, with a score of 27/100. However, there are several rather significant developments with regards to curbing corruption from the Kenyan government, for instance, the establishment of a new and independent Ethics and Anti-Corruption Commission (EACC).
Following general elections held in 1997, the Constitution of Kenya Review Act designed to pave the way for more comprehensive amendments to the Kenyan constitution was passed by the national parliament.
Economy of Kenya
The World Bank characterizes non-farm self-employment to include jobs being a "street vendor, shop owner, dressmaker, assistant, fishmonger, caterer, etc." Non-farm self-employment has risen from a total of 0.9 million working in 1989 to a total of 2.7 million workers in 2009. There is almost an equal number of men and women in the non-farm self-employment category. The men make up 1.4 million workers, and the women 1.3 million.
Kenya Vision 2030
This aims at improving the prosperity of all Kenyans through an economic development programme, covering all the regions of Kenya. It aims to achieve an average Gross Domestic Product (GDP) growth rate of 10% per annum beginning in 2012. To achieve this target, Kenya is continuing with the tradition of macro-economic stability that has been established since 2002. It is also addressing other key constraints, notably, a low savings to GDP ratio, which can be alleviated by drawing in more remittances from Kenyans abroad, as well as increased foreign investment and overseas development assistance (ODA).
Kenya–Tanzania relations
In September 2014, Tanzania became the largest export destination of Kenyan goods within East Africa. Kenya's total exports to Tanzania in 2011 were valued at 488 million U.S. dollars as compared to 390 million dollars in 2010. Kenya's imports from Tanzania were valued at 185.4 million dollars in 2011, an increase from 126 million dollars in 2010. In the years between 2007-2008 Tanzanian exports to Kenya increased by 17%. The balance of trade still favours Kenya.
Dubai Bank Kenya
DBK was a small bank in Kenya, East Africa's largest economy. , the bank's total assets were valued at about US$34.4 million (KES:2.92 billion). , the bank was ranked number forty-three, by assets, out of forty-three licensed commercial banks in Kenya. In August 2015, the bank was placed under receivership by the Central Bank of Kenya.
Economy of Kenya
The Vision 2030 is Kenya's current blue-print for the future of economic growth. The long-term goals of this vision are to create a prosperous, and globally competitive nation with a high quality of life by the year 2030. To do this, it aims to transform Kenyan industry all the while creating a clean and secure environment. The vision is separated into three different pillars: economic, social, and political governance.
Economy of Kenya
Despite early disillusionment of western donors with the government, the economy has seen a broad-based expansion, led by strong performance in tourism and telecommunications, and acceptable post-drought results in agriculture, especially the vital tea sector. Kenya's economy grew by more than 7% in 2007 and its foreign debt was greatly reduced. However, it is possible to underscore that situation in Kenya will be stable over foreseeable future and it will result in stable economic growth, in 2014 it is expected to reach 4% and more in 2015 due to growing flow of foreign investment, prospective promotion of Kenyan goods on global markets and increment in demand for agricultural products, especially, for tea and cut flowers. Western donors are now adopting a less paternalistic attitude towards their relations with African nations. However, there is still significant improvement to be done.
2007–2008 post election violence also impacted the Kenyan economy, greatly contributing to the downturn of Kenya's business cycle during the period.General:
Economy of Somalia
The World Bank reports that Somalia's GDP was $917.0 million in 1990 and its total population was 10.81 in 2014. In 2018 the World bank estimated an annual GDP of $6.2 billion, similar in size to Guam and the Kyrgyz Republic, and classifies it as a low-income country. The United Nations Statistics Division reports a GDP figure of $1.306 billion for 2012, compared to $2.316 billion in 2005 and $1.071 billion in 2010.
Karnataka
Karnataka had an estimated GSDP (Gross State Domestic Product) of about US$115.86 billion in the 2014–15 fiscal year. The state registered a GSDP growth rate of 7% for the year 2014–2015. Karnataka's contribution to India's GDP in the year 2014–15 was 7.54%. With GDP growth of 17.59% and per capita GDP growth of 16.04%, Karnataka is on the 6th position among all states and union territories. In an employment survey conducted for the year 2013–2014, the unemployment rate in Karnataka was 1.8% compared to the national rate of 4.9%.
In 2011–2012, Karnataka had an estimated poverty ratio of 20.91% compared to the national ratio of 21.92%.
Kenya
According to the Kenya National Bureau of Statistics (KNBS), Kenya has a total population of 38,610,097 inhabitants. The largest native ethnic groups are the Kikuyu (6,622,576), Luhya (5,338,666), Kalenjin (4,967,328), Luo (4,044,440), Kamba (3,893,157), Somalis (3,510,757), Kisii (2,205,669), Mijikenda (1,960,574), Meru (1,658,108), Turkana (988,592), and Maasai (841,622). The North Eastern Province of Kenya, formerly known as NFD, is predominantly inhabited by the indigenous ethnic Somalis. Foreign-rooted populations include Somalis (from Somalia), Kenyan Arabs, Asians and Europeans.
Economy of Kenya
Kenya's economic performance has been hampered by numerous interacting factors: heavy dependence on a few agricultural exports that are vulnerable to world price fluctuations, population growth that has outstripped economic growth, prolonged drought that has necessitated power rationing, deteriorating infrastructure, and extreme disparities of wealth that have limited the opportunities of most to develop their skills and knowledge. Poor governance and corruption also have had a negative impact on growth, making it expensive to do business in Kenya. According to Transparency International, Kenya ranks among the world's half-dozen most corrupt countries. Bribery and fraud cost Kenya as much as US$1 billion a year. Kenyans, 23 percent living on less than US$1 per day, pay some 16 bribes a month—two in every three encounters with public officials. Another large drag on Kenya's economy is the burden of human immunodeficiency virus/acquired immune deficiency syndrome (HIV/AIDS). Prospects significantly improved under the Kibaki government, whose policy aims include budgetary reforms and debt restraint.
Economy of Kenya
Services: The World Bank defines Services as jobs that are included in "wholesale and retail trade, transport, government, financial, professional, and personal services." In 1980, services accounted for 47 percent of Kenya's overall GPD. In 1990, it accounted for 51 percent, in 2000 it stayed constant at 51 percent, and in 2011, the services sector accounted for 58 percent of Kenya's overall GDP.
Health in Kenya
AIDS has contributed significantly to Kenya's dismal ranking in the latest UNDP Human Development Report, whose Human Development Index (HDI) score is an amalgam of gross domestic product per head, figures for life expectancy, adult literacy, and school enrolment. The 2006 report ranked Kenya 152nd out of 177 countries on the HDI and pointed out that Kenya is one of the world's worst performers in infant mortality. Estimates of the infant mortality rate range from 57 to 74 deaths/1,000 live births. The maternal mortality ratio is also among the highest in the world, due in part to female genital mutilation. The practice has been fully prohibited nationwide since 2011.
Economy of Kenya
Kenya's chief exports are horticultural products and tea. In 2005, the combined value of these commodities was US$1,150 million, about 10 times the value of Kenya's third most valuable export, coffee. Kenya's other significant exports are petroleum products, sold to near neighbours, fish, cement, pyrethrum, and sisal. The leading imports are crude petroleum, chemicals, manufactured goods, machinery, and transportation equipment. Africa is Kenya's largest export market, followed by the European Union.
Kenya–South Korea relations
Trade between Kenya and South Korea
(in billions Kenyan Shillings ) 
Many South Korean firms such as Samsung, LG and Hyundai maintain their regional headquarters in Nairobi. Samsung announced plans to set up a TV assembly plant in Kenya. In 2012, Daewoo was awarded a deal worth KES. 119 billion (US$1.3 billion) to construct a power plant in Kilifi County, Kenya.
Economy of Kenya
Kenya's policy of import substitution which started in 1946 with European and Asian enterprises, did not achieve the desired industrial economic transformation results and the rising oil prices made Kenya's manufacturing sector noncompetitive starting in the late 1970s. The government began a massive intrusion in the private sector. Lack of export incentives, tight import controls, and foreign exchange controls made the domestic environment for investment even less attractive. From 1991 to 1993, Kenya had its worst economic performance since independence. Growth in GDP stagnated, and agricultural production shrank at an annual rate of 3.9%. Inflation reached a record 100% in August 1993, and the government's budget deficit was over 10% of GDP. As a result of these combined problems, bilateral and multilateral donors suspended program aid to Kenya in 1991.
Mumias Sugar Company Limited
Mumias Sugar Company Limited is a sugar manufacturing company in Kenya, the largest economy in the East African Community. It is the largest sugar manufacturer in Kenya, producing about 250,000 metric tonnes (42%) of the estimated 600,000 metric tonnes annual national output.
Outline of Kenya
Kenya is a country in East Africa. The capital city is Nairobi, 2nd largest in Africa (after Cairo). Kenya spans an area about 85% the size of France or Texas. The population has grown rapidly in recent decades to roughly 38 million. Kenya has numerous wildlife reserves, containing thousands of animal species. The country is named after Mount Kenya, a significant landmark and the second among the highest mountain peaks of Africa, and both were originally usually pronounced in English, though the native pronunciation and the one intended by the original transcription "Kenia" was . During the presidency of Jomo Kenyatta in the 1960s, the current English pronunciation of became widespread because his name retained the native pronunciation. Before 1920, the area now known as Kenya was known as the British East Africa Protectorate and so there was no need to mention "mount" when referring to the mountain.Geography of Kenya
Uganda
Uganda ranked as number 102 among the countries of the world in nominal Gross Domestic Product by the International Monetary Fund with a GDP of 26,349 (US$million). The World Bank ranked Uganda as number 99 in nominal GDP with a GDP of 25,891 (US$million).
Based on the GDP with purchasing power parity the IMF ranked Uganda as number 86 (91,212 millions of current Int$) and the World Bank ranked them 90 (79,889 millions of current Int$).
Economy of Karnataka
Karnataka is one of the highest economic growth states in India with an expected GSDP (Gross State Domestic Product) growth of 8.2% in the fiscal year 2010–2011. The total expected GSDP of Karnataka in 2010–2011 is about Rs.2719.56 billion. Per capita GSDP during 2008–2009 was US$1034.9. Karnataka recorded the highest growth rates in terms of GDP and per capita GDP in the last decade compared to other states. In 2008–09, the tertiary sector contributed the most to GSDP (US$31.6 billion─55 percent), followed by the secondary sector ($17 billion─29 percent), and the primary sector (US$9.5 billion─16 percent).
Kenya
Kenya won several medals during the Beijing Olympics, six gold, four silver and four bronze, making it Africa's most successful nation in the 2008 Olympics. New athletes gained attention, such as Pamela Jelimo, the women's 800m gold medalist who went on to win the IAAF Golden League jackpot, and Samuel Wanjiru who won the men's marathon. Retired Olympic and Commonwealth Games champion Kipchoge Keino helped usher in Kenya's ongoing distance dynasty in the 1970s and was followed by Commonwealth Champion Henry Rono's spectacular string of world record performances. Lately, there has been controversy in Kenyan athletics circles, with the defection of a number of Kenyan athletes to represent other countries, chiefly Bahrain and Qatar. The Kenyan Ministry of Sports has tried to stop the defections, but they have continued anyway, with Bernard Lagat the latest, choosing to represent the United States. Most of these defections occur because of economic or financial factors. Decisions by the Kenyan government to tax athletes' earnings may also be a reason for defection. Some elite Kenyan runners who cannot qualify for their country's strong national team find it easier to qualify by running for other countries.
Kenya has been a dominant force in women's volleyball within Africa, with both the clubs and the national team winning various continental championships in the past decade. The women's team has competed at the Olympics and World Championships though without any notable success. Cricket is another popular sport, also ranking as the most successful team sport. Kenya has competed in the Cricket World Cup since 1996. They upset some of the world's best teams and reached the semi-finals of the 2003 tournament. They won the inaugural World Cricket League Division 1 hosted in Nairobi and participated in the World T20. They also participated in the ICC Cricket World Cup 2011. Their current captain is Rakep Patel.
Wanjiku Mugane
Caroline Wanjiku Mugane is an attorney and investment banker in Kenya, the largest economy in the East African Community. She is the Managing Director of "Fedha Connect Limited", a company that raises capital for businesses in agribusiness, real estate, oil and gas. She is a member of the board of directors of Kenya Airways, the national airline. She has previously served on the boards of Equity Bank, East African Breweries, and Standard Securities Limited.
Henry Rotich
Rotich served as Minister of Finance during Kenyatta’s first term in office. During his first term, he launched the world’s first Treasury bond to be offered exclusively via mobile phone and slashed the minimum investment level in government debt, in a bid to stimulate public participation in the capital markets, raise money cheaply and boost the national savings rate. Also under his leadership, Kenya secured a $1.5 billion loan from the International Monetary Fund (IMF) in 2016, one of the biggest the IMF had granted on the continent up to that point. Under a restructuring deal overseen by Rotich in 2017, the Kenyan government took over 48.9 per cent of Kenya Airways after it had suffered five years of losses, including a Ks26.2bn loss in 2015/2016, the biggest in Kenyan corporate history.
Economy of Kenya
The largest share of Kenya's electricity supply comes from hydroelectric stations at dams along the upper Tana River, as well as the Turkwel Gorge Dam in the west. A petroleum-fired plant on the coast, geothermal facilities at Olkaria (near Nairobi), and electricity imported from Uganda make up the rest of the supply. Kenya's installed capacity stood at 1,142 megawatts a year between 2001 and 2003. The state-owned Kenya Electricity Generating Company (KenGen), established in 1997 under the name of Kenya Power Company, handles the generation of electricity, while the Kenya Power and Lighting Company (KPLC) handles transmission and distribution. Shortfalls of electricity occur periodically, when drought reduces water flow. In 1997 and 2000, for example, drought prompted severe power rationing, with economically damaging 12-hour blackouts. Frequent outages, as well as high cost, remain serious obstacles to economic activity. Tax and other concessions are planned to encourage investment in hydroelectricity and in geothermal energy, in which Kenya is a pioneer. The government plans to open two new power stations in 2008, Sondu Miriu (hydroelectric) and Olkaria IV (geothermal), but power demand growth is strong, and demand is still expected to outpace supply during periods of drought.
Economy of Kenya
Since independence, Kenya, a nonaligned country, has seen both substantial foreign investment and significant amounts of development aid (total aid was $943 million in 2006, which was 4% of GNI), some from Russia, some from China and others from the high developed countries. Moreover, in the country there is the presence of foreign multinational companies that have different plantations for the production of coffee, tea, bananas, coconuts and sisal products, which are then exported.
Kenya
Kenya has proven deposits of oil in Turkana and the commercial viability was just discovered. Tullow Oil estimates Kenya's oil reserves to be around 10 billion barrels. Exploration is still continuing to determine if there are more reserves. Kenya currently imports all crude petroleum requirements. Kenya, east Africa's largest economy, has no strategic reserves and relies solely on oil marketers' 21-day oil reserves required under industry regulations. Petroleum accounts for 20% to 25% of the national import bill.
Edward H. Ntalami
In April 2006, the Government offloaded 659.51 million shares in Kenya Electric Generating Company (KenGen) through the capital markets. The IPO premiered at the NSE at a discounted price of Kes. 11.90 price before rallying to a high of Sh40, representing a massive fourfold jump. The success of the IPO is credited for spurring the current appetite and excitement for investing in Kenya.
Kenya
Agriculture is the second largest contributor to Kenya's gross domestic product (GDP), after the service sector. In 2005 agriculture, including forestry and fishing, accounted for 24% of GDP, as well as for 18% of wage employment and 50% of revenue from exports. The principal cash crops are tea, horticultural produce, and coffee. Horticultural produce and tea are the main growth sectors and the two most valuable of all of Kenya's exports. The production of major food staples such as corn is subject to sharp weather-related fluctuations. Production downturns periodically necessitate food aid—for example, in 2004 aid for 1.8 million people because of one of Kenya's intermittent droughts.
Wind power in Kenya
Kenya is building the largest wind farm in Africa, the Lake Turkana Wind Power consortium (LTWP). It aims to provide 300 MW of low-cost electrical power. With a projected cost of KES 70 billion (USD 800 million), it would be the largest single private investment in Kenya's history. This wind farm would allow Kenya to eliminate its thermal generating plants, saving KES 15.6 billion (US $180 million) per year on imported fuel. The project would stimulate the Kenyan economy by contributing KES 3 billion (US $35 million) every year in tax revenue, a total of KES 58.6 billion (US $673 million) over the life of the project.
Economy of Kenya
In the past twenty years, Kenyans have moved away from family farming towards jobs that pay wages or to start small businesses outside of agriculture. In 1989, 4.5 million Kenyan's, out of a total working population of 7.3 million, worked on family farms. In 2009, only 6.5 million Kenya's, 45 percent, out of a total working population of 14.3 million, work on family farms, as compared to Tanzania, where 66 of the working population worked on family farms. More than half of family farm workers in Kenya are women, 3.8 million, compared to men who make up 2.7 million.
Economy of Kenya
Kenya has recently found some hydrocarbon reserves on its semi arid northern region of Turkana after several decades of intermittent exploration. Prospecting also continues off Kenya's shore. In the meantime, Kenya currently imports all crude petroleum requirements. Petroleum accounts for 20 to 25 percent of the national import bill. Kenya Petroleum Refineries—a 50:50 joint venture between the government and several oil majors—operates the country's sole oil refinery in Mombasa. However, this oil refinery facility has been shut down and Kenya currently imports refined oil. In 2004 oil consumption was estimated at a day. Most of the Mombasa refinery's production is transported via Kenya's Mombasa–Nairobi pipeline.
Consolidated Bank of Kenya
Consolidated Bank of Kenya commonly known as Consolidated Bank, is a commercial bank in Nairobi, Kenya, East Africa's largest economy. It is licensed by the Central Bank of Kenya.
Economy of Kenya
Between 2003 and 2008,the economy however registered an improved economic growth and recovery under the Kibaki administration.The growth improved from 2% in 2003 to 7% in 2007.In 2008,the growth slumped to 1% due to post election violence before averaging to 5% between 2009 to 2013.Between 2013 to 2018,the GDP growth has averaged above 5%.The first quarter 2018 registered 5.7% growth while the second quarter of 2018 registered 6.2% growth.
Benson Wairegi
Dr. Benson I Wairegi (born 1953) is an accountant and business executive  in Kenya, the largest economy in the East African Community. He is the current  Group Managing Director of Britam Holdings Plc  (Britam), the financial services conglomerate headquartered in Nairobi, the Kenyan capital, with subsidiaries in Kenya, Uganda, South Sudan, Rwanda, Tanzania, Malawi and Mozambique. In Britam, he presided over the transformation of the company from a small home service insurance company, into a diversified financial services group operating in seven (7) countries, Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique and Malawi with interests in life insurance, general insurance, health insurance, retirement planning and property.
Kenyan shilling
On 14 September 1966, the Kenyan shilling replaced the East African shilling at par, although the latter was not demonetised until 1969. The Central Bank of Kenya issued notes in denominations of 5, 10, 20, 50 and 100 shillings. All of the notes feature a portrait of Kenya's first prime minister and president, Jomo Kenyatta, on the front and diverse economic activities on the back.
Video gaming in Kenya
The Kenyan government plans to harness the technological progress of the country as part of its Vision 2030 plan, transforming the country into a "globally competitive and prosperous nation." This plan also involves the construction of a "Silicon Savannah," which is described as "Africa's answer to Silicon Valley." Despite these plans, unemployment is common in Kenya, and a failed ICT project could leave a young person without a job to fall back on. The rise of game development is creating jobs in the region.
France–Kenya relations
Exports to France from Kenya were worth KES. 8.3 billion (77 million EUR) in 2012, against KES. 9.3 billion (86 million EUR) in 2011. Trade is heavily in favour of France as Kenyan exports are largely made up of agricultural produce.
Kenya
Although Kenya is the most industrially developed country in the African Great Lakes region, manufacturing still accounts for only 14% of the GDP. Industrial activity, concentrated around the three largest urban centres, Nairobi, Mombasa and Kisumu, is dominated by food-processing industries such as grain milling, beer production, and sugarcane crushing, and the fabrication of consumer goods, e.g., vehicles from kits.
Economy of the Middle East
The Kuwaiti currency is the highest-valued currency unit in the world. In 2010 Kuwait had the second-most-free economy in the Middle East. 57% of Kuwait's GDP comes from non-oil industry (mostly business services, manufacturing, retail trade, financial institutions, construction, transport and real estate). Petroleum accounts for 43% of GDP, 87% of export revenues, and 75% of government income. Kuwait also exports chemical fertilizers. The per capita GDP is $40,700. As part of a diversification plan the Kuwaiti government has invested its revenues and maintains a sizable sovereign wealth fund. In 2008 these investments accounted for more than half of Kuwait's GDP. 60% of Kuwait's work force are non-Kuwaitis.
Oman has several different industries including crude oil production and refining, natural and liquefied natural gas (LNG) production, construction, cement, copper, steel, chemicals and optic fiber. Oman also has substantial trade and budget surpluses. 55% of Oman's government revenues come from non-oil industries. Petroleum accounts for 64% of total export earnings, 45% of government revenues and 50% of GDP. By 2020 Oman hopes to reduce oil revenue to just 9% of its income. Along with that plan the country hopes to move away from rentier economics, employ its citizens in the labor market and reduce reliance on expatriate labor. To take its first steps in economic independence it has signed a Free Trade Agreement with the United States and is seeking to do the same with the European Union, China, and Japan. It is currently maneuvering itself into the re-export and heavy-manufacturing markets.
Kenya
Kenya has a Human Development Index (HDI) of 0.555(medium), ranked 145 out of 186 in the world. , 17.7% of Kenyans lived on less than $1.25 a day. In 2017, Kenya ranked 92nd in the World Bank ease of doing business rating from 113rd in 2016 (of 190 countries). The important agricultural sector is one of the least developed and largely inefficient, employing 75% of the workforce compared to less than 3% in the food secure developed countries. Kenya is usually classified as a frontier market or occasionally an emerging market, but it is not one of the least developed countries.
The economy has seen much expansion, seen by strong performance in tourism, higher education and telecommunications, and acceptable post-drought results in agriculture, especially the vital tea sector. Kenya's economy grew by more than 7% in 2007, and its foreign debt was greatly reduced. But this changed immediately after the disputed presidential election of December 2007, following the chaos which engulfed the country.
Kenya
, economic prospects are positive with 4–5% GDP growth expected, largely because of expansions in tourism, telecommunications, transport, construction and a recovery in agriculture. The World Bank estimated growth of 4.3% in 2012.
Economy of Kenya
Its objective is to ensure that the MSE sector becomes efficient, innovative and has a diversified and competitive product range. It will also provide policies that raise the earnings and productivity of an estimated 8.3 million Kenyans working in the informal sector.