Kenya- Business Opportunities
The Minister Counsellor of Kenya Peter Mwanzia and Counsellor Jared Ogutu, accepted the Honorary Membership of Global India Business Forum, in the presence of Global President Dr. Jitendra Joshi and Global Coordinator Deepali Gadkari. Realizing the strengths of Global India Business Forum and the Consulate of the Keyna and conscious of the benefits to be derived by both organizations and its members through this mutual understanding, both parties will be associated with each other in mutual cooperation to facilitate mutual investment, trade and economic cooperation complimented by knowledge sharing, training, certification and networking.
Kenya, also officially known as the Republic of Kenya, is a country located in Eastern Africa. The total land area of the country is 5,80,367 sq. km. and has a population of 5,37,71,296 as of 2020. The capital of Kenya is Nairobi, which also happens to be the largest city of the country. Mombasa, on the other hand, is the first capital and the oldest city of Kenya. Kenya shares its borders with countries like South Sudan, Ethiopia, Somalia, Uganda and Tanzania and is also surrounded by the Indian Ocean.The official languages of the country are English and Swahili and Kenya is also a presidential representative democratic republic. The country is also a member of the UN, Commonwealth of Nations, World Bank, the International Monetary Fund, COMESA, International Criminal Court, etc. Nairobi is also a major commercial hub. The currency of Kenya is Kenyan Shilling and the religion practiced by a major part of the population is Christianity.
Business Opportunities in Kenya
More than half of Kenya’s population is dependent of agriculture for their livelihood; in fact, the country’s main crops are tea and coffee. These products are exported across the world in large quantities. Hence, these products can act as major and valuable business opportunities for Kenya and other countries as well.Another important product that the country exports, is petroleum. This valuable product is also one of the most important exports of the country. Petroleum is highly in demand today and hence it can become a valuable business opportunity for Kenya.
Exports and Imports in Kenya
The exports of Kenya decreased from KES 56,407 million in September 2020 to KES 53,162 million in October 2020. On the other hand, the imports of Kenya increased from KES 1,43,391 million in September 2020 to KES 145238 million in the month of October 2020.
Top Exports of Kenya
The top exports of Kenya are tea, coffee and petroleum products. Other items are textiles, tobacco, iron and steel products and cement. The main export partners of the country are the UK, the Netherlands, Uganda, Tanzania and the USA.
Top Imports of Kenya
The top imports of Kenya are machinery and transportation equipment, petroleum products, motor vehicles, iron and steel, resins and plastics. The main import partners of the country are India, the UAE, South Africa, Saudi Arabia, the USA and Japan.