Kenya Trade and Investment: Kenya’s economy is deregulated and licensing procedures have been simplified. The roles of the public and private sectors have evolved over time, enabling continuity of the economic development strategy.
The government’s economic and liberalization reforms aim to widen the economic base beyond agriculture, Government divestiture from State enterprises and development of free trade areas. Through the Economic Recovery Strategy for Wealth and Employment Creation, Kenya became a good environment for trade, business, tourism and foreign direct investment.
Agriculture is the back bone of the Kenyan economy. It accounts for 23 per cent of Gross Domestic Product (GDP) and 63 per cent of exports. Services account for 63 per cent of GDP and manufacturing 13 per cent. The sector comprises medium and large enterprises with major foreign multinational companies from Europe, US and Asia.