Kenya

Capital: Nairobi; GDP growth (annual %) 2016 : 5.8%
map
Key Facts
Full name: The Republic of Kenya
Population: 41.6 million (UN, 2011)
Area: 582,646 sq km (224,961 sq miles)
Major languages: Swahili, English
Major religion: Christianity
Life expectancy: 57 years (men), 59 years (women) (UN)
Monetary unit: 1 Kenya shilling = 100 cents
Main exports: Tea, coffee, horticultural products, petroleum products
GNI per capita: US $790 (World Bank, 2010)
Internet domain: .ke
International dialling code: +254

 
  • Top 10 Most Attractive Investment Destinations In Africa

    2017/08/20

    Africa’s feverish increase has decelerated in recent years and a lot of nations have buckled under the pressure of falling resource prices, security disruptions, fiscal imprudence and adverse weather conditions.

  • Africa's Relationship With China Is Ancient History

    2017/07/02

    In 2002 South Africa's Parliament unveiled a digital reproduction of a map - of China, the Middle East and Africa - that some speculated could be the initial map of the African continent. The Da Ming Hun Yi Tu - the Comprehensive Map of the Great Ming Empire - was drawn up around 1389 during the Ming Dynasty, according to historian Hyunhee Park.

  • Kenya Large twin deficits but strong GDP growth trajectory

    2017/05/31

    Kenya

    Large twin deficits but strong GDP growth trajectory

  • Climate change laws around the world

    2017/05/14

    There has been a 20-fold increase in the number of global climate change laws since 1997, according to the most comprehensive database of relevant policy and legislation.

    The database, produced by the Grantham Research Institute on Climate Change and the Environment and the Sabin Center on Climate Change Law, includes more than 1,200 relevant policies across 164 countries, which account for 95% of global greenhouse gas emissions.

  • Kenya Year in Review 2016

    2017/04/17

    In contrast to a lot of other large African markets, Kenya was less affected by sustained low commodity prices during 2016 and continued to post strong increase throughout the year, despite a slight heating of inflation and tighter credit climate.

    The Kenyan economy continued to expand well above the world average in 2016, with the IMF projecting year-end increase of 5.98%, up on 5.64% in 2015. The estimate is in line with the 5.7% increase posted in the third quarter, according to data released by the Kenya National Bureau of Statistics (KNBS) in late December.

  • 'Let's get more travel stories on Africa by Africans'

    2016/07/23

    This month actor Louise Linton caused a social media storm at the same time as an extract of her African gap year memoir was published by the Telegraph and was widely panned online for being a tick inventory of cliches and stereotypes in the way the west has always liked to portray the continent. On Twitter, #LintonLies, set up by Zambian writer Lydia Ngoma, was trending as people started to pour scorn on Linton’s version of certain events and her take on life there. Think: “close encounters with lions”, “brutal tales of rape and murder,” and 12-inch long spiders, which would be terrifying, though they only exist in Laos.

  • Africa’s 20 most attractive countries for investors – Ernst & Young

    2016/05/16

    Despite its economy slowing down, South Africa remains Africa’s most attractive country for investors, according to the 2016 Ernst & Young Africa Attractiveness Index.

    The statement evaluates evolution made in governance, diversification, infrastructures, business enablement, human development inclunding resilience to current macroeconomic challenges.

    Morocco is ranked second on the index, followed by Egypt, Kenya, Mauritius, Ghana Botswana, Tunisia and Rwanda. Cote d’Ivoire comes tenth.

    Africa’s top economy, Nigeria comes 15th, mainly because of its poor performances in terms of governance and human improvment(See full ranking below).

  • Kenya Year in Review 2015

    2016/01/16

    The Kenyan economy performed comparatively strongly in 2015, even in the face of world economic headwinds, such as slow increase in Europe, and domestic hurdles, inclunding weaker tourism receipts and a depreciating currency.

    According to the World Bank, GDP increase is expected to reach 5.4% for this completed year, aided in large part by sustained public sector capital spending.

  • Kenya moves to harness geothermal potential

    2014/09/14

    In a move to tap into its vast geothermal energy resources, Kenya recently invited bids for the construction of two new power plants, representing an extra step forward in its 2017 target to boost electricity production by 5000MW.

  • Eurobond debut in Kenya

    2014/08/16

    Setting a new record for a maiden sovereign issuance in Africa, Kenya successfully tapped the Eurobond markets for the initial time in June, selling $2bn worth at better-than-expected rates.

  • Africa: Making Things Happen at the Bank - 'Not a Talk Shop' - Akin Adesina

    2017/07/02

    Dr. Akinwumi Adesina is focusing on five areas to achieve the African and world goals for a prosperous continent since becoming president of the African Development Bank - Africa's major public financial institution in September 2015. He was a keynote speaker at this month's Corporate Council on Africa's U.S.- Africa Business Summit in Washington D.C. and moderated a lively panel with five African government ministers. He as well received the Gene White Lifetime Succcess Award from the World Child Nutrition Foundation. This week, he was named the 2017 recipient of the World Food Prize, a prestigious honor that includes a $250,000 award. In an interview in Washington, DC, Adesina discussed the Development Bank's ambitious schedule and his vision for attracting the increase capital Africa needs. Posting questions for AllAfrica was Noluthando Crockett-Ntonga.

  • Paul Muthaura, Acting CEO of the Capital Markets Authority, Kenya

    2015/12/02

    Paul Muthaura, Acting CEO of Kenya’s Capital Markets Authority, explains how Kenya’s new investment framework puts it on a level pegging with the world’s major investment centers, its capital markets’ competitive advantages, and how it will become the market of choice for a lot of to raise large amounts of capital.

  • Raj Singh, Chief Operating Officer of Chase Kenya

    2012/12/27

    Despite the world recession, the African Banking sector is enjoying a lot of positive changes. Technology Banker speaks to Raj Singh, Chief Operating Officer of Chase Kenya, to find out his views about the sector and its future
    g: How did you come to be in your current role?

  • Finance minister Njeru Githae

    2012/12/19

    Finance minister Njeru Githae has told Parliament that Kenya is set to roll out the electronic registration of businesses within the next three months.

    The MP said the e-registration will ensure that investors have an easy time setting up businesses in the country.

    He added that a Bill –Business Regulation Bill-- to simplify the process was in the works and will make it to Parliament as soon as possible to make that dream a reality.

  • Gregory Brackenridge Managing Director of CFC Stanbic Bank

    2012/12/17

    Focusing on the banking sector, I would like your perception of the challenges to the next increase and development of the sector in Kenya.

    I think any discussion around the banking industry needs to be with a background of what Kenya is. The framework for that really is Vision 2030. Vision 2030 seeks to accelerate economic increase with some ambitious targets. You can have a debate around whether those targets are achievable or not.

  • Kenya President Mwai Kibaki

    2012/12/16

    He said a lot of STI platforms in Africa had not progressed because of inadequate funding for the sector and this is a drawback to research, human capital and inclusive increase.

    President Kibaki said this at the opening of a three-day first African Forum on STI for youth employment, human capital development and inclusive increase in Nairobi, Kenya, on Tuesday.

  • Outlook for 2015-17

    2015/10/04

    The country (Kenya) is situated in Eastern Africa, bordering the Indian Ocean, between Somalia and Tanzania.
    It has borders with Ethiopia for 861km, Sudan for 232km, Somalia for 682km, Tanzania for 769km and Uganda for 933km.
    Land in Kenya is low plains rise to central highlands bisected by Great Rift Valley; fertile plateau in west.
    The Climate is different from tropical along coast to arid in interior.

     

    OVERVIEW

    GDP increase remained robust in 2013 at 5.7% based on rebased statistics, and stood at 4.4%, 5.8% and 5.5% in the initial three quarters of 2014 compared with 6.4%, 7.2% and 6.2% in comparable quarters of 2013. According to the central bank’s economic monthly review of November 2014, increase was mainly supported by expansion in construction, manufacturing, finance and insurance, data, communications and technology, and wholesale and retail trade. The economy slowed in the third quarter of 2014, half due to a sharp drop in tourism following terrorist attacks in the country. In general GDP increase is expected to all to 6.5% and 6.3% in 2015 and 2016, respectively. Consumer price index (CPI) inflation is expected to remain in the single digits, at around 5%, during the same period.

  • First president of Kenya Jomo Kenyatta

    2013/01/13

    First president of Kenya and prominent independence leader. Born into dominant Kikuyu culture in the early 1890′s, Gatundu Division, Central Highlands, British East Africa (now Kenya), Kenyatta became its most famous interpreter of Kikuyu traditions through his book Facing Mount Kenya.

  • Nairobi

    2012/12/16

    Nairobi is the capital and largest city of Kenya. The city and its surrounding area as well forms the Nairobi County. The name "Nairobi" comes from the Maasai phrase Enkare Nyrobi, which translates to "cold water", the Maasai name of the Nairobi river, which in turn lent its name to the city. Nevertheless, it is popularly known as the "Green City in the Sun" and is surrounded by several expanding villa suburbs. Residents of Nairobi are known as Nairobians.