Economic Situation

Kenya is strategically located within easy reach of various markets in the region and the destination of its exports has been the European Community (EC) countries, USA and other African countries. Since 1993, the government of Kenya been very keen to implement economic liberalization and has instituted various reforms. This has led to better economic performance and an improved environment for conducting business.

The country has in the last few decades tried to reduce dependence on the traditional agricultural export commodities such as tea and coffee and has made serious efforts to promote non-traditional exports such as horticultural crops, manufactures, and most recently the export of services.

Services such as banking, insurance and business have also grown and the country’s currency, the Kenya Shilling, remains fairly stable.

Kenya is host to numerous multi-national corporations, majority of which are from USA, United Kingdom, Germany and the far East, and has for a long time been viewed as a gateway to the wider East African region.

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