Kenya Economy
Kenya economy: Kenya’s economy is the biggest in eastern Africa with a Sh 112.6 trillion ($32.5 billion) Gross Domestic Product ( GDP).
Kenya financial system and capital markets are not only strong, but also very vibrant. The 2010-2011 Budget was a whopping Sh998.8 billion ($12.475 billion), just Sh 1.2 billion ($15 million) short of Sh 1 trillion ($12.5 billion). Inthe 2009/2010, the Budget was Sh887 billion ($11.5 billion), with about 85 per cent funded
from local revenues. In the last seven years, revenue collections have more than tripled and this has given the
cottntry the much-needed independence to implement projects without interference.
Nairobi Stock Exchange is a vibrant bourse with local and international investors. The market capitalisation is a
massive Sh 1 .1 trillion ($13.3 billion) and the 20-Share Index has gone past the 4 600 Sh point mark. In 2007, the index had hit the 6,000 mark.
The bond market has grown from strength to strength and has become a source of funds for Government, State corporations and the private sector.
Banking, insurance and forex sectors are vibrant, and the figures speak for themselves:
43 banks – local and international – 42 insurance companies, 2,665 insurance agents, 201 insurance brokers, 44 underwriters, two reinsurance companies and 126 forex bureaus.
And the pension sector, too, is trailblazing; 15 fund managers, 21 individual pension providers, 21 pension administrators and six pension custodians.
Mobile phone telephony has grown by leaps and bounds. Kenya has four mobile phone companies — Safaricom, Zain, Orange and Yu — with close to 20 million subscribers.
The country was the first to use mobile phone money transfer in the world, which now has 12 million members. By july 2010, Sh 525 billion ($6.56 billion) had been transacted in the three year old innovation.
Kenya’s economy has weathered the political and economic crisis two years ago, recovered and is on its way to the growth recorded in 2007.
Business and services in Kenya that drive the Kenya economy include:
Business Services:
- Accountants and Auditors
- Advertising and Public Relation
- Clearing and Forwarding
- Business Services in Kenya
- Beauty, Products and Services
- Cleaning Services and Equipment
- Wedding Planners in Kenya
- Security Companies in Kenya
- Property and Real Estate
- Printers, Publishers and Stationers
- Office Supplies and Equipment
- Safari, Travel and Tour
Industry in Kenya
- Pharmacies and Pharmaceutical
- Nutrition and Fitness
- Motor Vehicles Dealers
- Engineers, Surveyors and Architects
- Furniture Dealers in Kenya
- Industrial and Manufacturing
Money & Finance in Kenya
- Banks in Kenya
- Insurance Companies in Kenya
- Pension Administrators in Kenya
- Pension Custodians in Kenya
- Individual pension plan providers
- Nairobi Stock Exchange Companies
ICT in Kenya
- Website Design Companies
- IT, ICT, Computer Companies
- Internet Service Providers
- Mobile Phone Service Providers
- Online Shops in Kenya
- Computer Hardware and Maintenance
Organisations and NGO’s in Kenya
Property & Real Estate in Kenya
Agriculture in Kenya
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