Kenya’s economic and social development is greatly dependent on
International trade. Kenya’s geographical location makes it a major
gateway for trade to the Eastern and Central African region. Kenya
is located on the eastern coast of Africa, bordering Somalia to the
east; Ethiopia to the north; Sudan to the northwest; Uganda to the
west and Tanzania to the south.
The Port of Mombasa, the largest seaport in Africa is located on the
east coast roughly midway between the South African port of Durban
and major ports in the Red Sea and Middle East. The port of Mombassa
has provided a main gateway for Kenya’s international trade and
being the premier port of East and Central Africa it handles about
13 million tons of cargo each year including 3 million tons of
transit cargo
The Gateway to East African Market of 407 million consumers Besides
its own market of 37 million consumers, Kenya is the only
comfortable distributor of goods to other East African countries
such as Uganda, Tanzania, Ethiopia, Somalia and several other
East-Central African Countries. The overall market can be estimated
to be that of 407 million consumers. Situated on the East Coast of
Africa, and having the largest Sea Port in Mombassa, the country is
the largest incoming source of products to Africa by sea from the
East. The capital Nairobi, is one of the most developed and modern
city in Africa having all facilities as any other developing city in
the world. Modern construction is a common view in the cities of
Kenya which include high rise buildings and sky scrapers . Besides
business, Kenya is world famous for its fabulous Safaris that
attract foreign tourists throughout the year, thus generating
remarkable foreign earnings for the country.
Nairobi is considered as the capital not only for Kenya, but the
entire East African region. It's a very busy and lively city that
offers everything to the foreign visitor, be it business, tourism or
entertainment.
ECONOMIC OUTLOOK : Kenya
is fast moving towards a market oriented economy. Kenya is regional
Trade Centre for the COMESA, 2nd largest trade union of world
constituting 20 East & Southern African countries. The manufacturing
sector is still at its infantry stage and that provides a lot of
room for imported products. The country is rich in mineral
resources. Compared to other East African countries, has the lowest
tax or no tax at all on locally produced commodities and share
capital. Full exemption from import duties and sales tax is allowed
for all imports that are needed to establish the enterprises
including equipment, machinery, spare parts, raw materials and
supplies.
GEOGRAPHY : Kenya
centrally located on the Equator with the frontage in the East Coast
of Africa and shares common borders with eight countries ( Tanzania,
Uganda, Sudan, Ethiopia & Somalia etc). It is also known as Gateway
to Africa.
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