Background: Kenya is the largest economy in East Africa with GDP of $60 billion and a population of 46 million. Kenya is a member of the East African Community regional trading community and the horticultural and tourism sectors. The regional energy sector has significant potential including offshore gas fields with reserves and available Kenyan ports. Kenya is also exporter of coffee and other agricultural products. The table below reflects Kenya’s main areas of trade by product percentage (source: UNCTAD):
Geo-Economic Structure: Kenya’s growth rate has on average been in the region of 6% with significant improvements in infrastructure which has also been driven by the rail project that was completed in 2017. Kenya has significant growth in the Information Communications and Technology which has had a positive impact on the financial services sector. Mombasa remains the largest regional port and Uganda and Tanzania account for 20% of Kenyan exports. Kenya is a good investment destination into East Africa as it is business friendly. However, there are risks related to a close proximity to Somalia which include piracy and terrorist activity.
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