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TRADE AND INVESTMENT OPPORTUNITIES IN KENYA UNDER AGOA THE SAFARI COUNTRY INTRODUCTION Africa is endowed with huge natural resources and is emerging as the new development frontier of the 21 st Century.
IN KENYA UNDER AGOA
THE SAFARI COUNTRY
Your Ultimate Investment Partner
Size:582,646 sq kms.
Population:37.2 million (2007)
KENYA - YOUR INVESTMENT & TOURISM DESTINATION
Kenya is also a regional headquarters for numerous international Media and NGO Agencies. It also hosts regional offices of World Bank, IMF, IFC, WHO, UNDP, UNHCR, UNESCO, East African Development Bank, Eastern and Southern African Trade and Development Bank (PTA Bank) among others.REGIONAL HEADQUARTERS
In 2008 Travel News & Lifestyle Magazine voted Kenya Airways as African Airline of Choice, Best Regional Airline,Flying Blue voted the best Frequent Flier program and Msafiri - Best inflight magazineNAIROBI- REGIONAL AIR SERIVICES HUB
The NSE index market capitalisation for example increased by 314% from Kshs 112 Billion in 2002 to Kshs 792 Billion in 2006.
The three East African Securities Exchanges, namely the Nairobi Stock Exchange (NSE), Uganda Securities Exchange (USE) and Dar es Salaam Stock Exchange (DSE) have established a working relationship among them in the spirit of integrating and developing capital markets in the East African Community (EAC). The exchanges operate under the umbrella of the East African Securities Exchanges Association (EASEA).CENTRE FOR REGIONAL CAPITAL MARKETS
Home to the first African woman Nobel Prize Laureate, Prof Wangari Maathai.NOBEL PRIZE WINNER
Origin of Safari and the most preferred tourist destination in Africa. The wild beest of masaai mara migration is now one of the 7th wonders of the world.
Enjoys cultural mosaic and linguistic tapestry based on ethnic diversity
Achievements by the Government under
Economic Recovery Strategy (ERS)
Since 2003 the Government developed the ERS as a strategy aimed at revitalizing economic growth, wealth and employment creation based on three pillars of promoting economic growth, reducing poverty, and good governance. The focus has been macroeconomic stability, financial sector development, infrastructure development through private sector participation and revitalization of agriculture, trade, tourism and the manufacturing sectors.
A globally competitive and prosperous nation
with a high quality of life by 2030
To maintain a sustained economic growth of 10% p.a over the next 25 years
A just and cohesive society enjoying equitable social development in a clean and secure environment
An issue-based, people-centered, result-oriented, and accountable democratic political system
Plans and implementation
Business Groups (Maragua, Central Province)
Tax Remissions Export Office: TREO primarily involves VAT refunds since duty on most of their inputs is already at 0%TAX INCENTIVES
One Stop Shop – Kenya Investment Authority
Registration of the business
Submit applications for approval by the Kenya Investment Authority.
Private/Public Partnership (PPP) in place
Kenya is a member of MIGA (Multilateral Guarantee Agency) an affiliate of World Bank and guarantees against non-commercial risks.
25% of GDP
Kenya is a leading producer of tea of which 95% of it is exported in bulk. Egypt is the leading export destination for Kenya tea in volume terms followed by Pakistan, UK, Afghanistan and Sudan. Potential exists in value addition/processing.AGRICULTURE
Kenya is a producer of some of the best types of quality Coffee in the world. Coffee is important in the Kenyan economy due to its contribution to foreign exchange earnings, farm incomes, employment and food security to smallholder coffee farmers belonging to co-operative societies, who are about 700,000 in numbers.AGRICULTURE
The flower industry has maintained an average growth of 20 per cent per annum. This has seen Kenya emerge as the largest supplier to the European Union, representing 31 per cent of their imports. The major market for Kenyan flowers is Holland with 69 per cent of all the Kenyan flower exports. Other destinations include UK accounting for about 19 per cent and Germany 6 per cent, among others.AGRICULTURE
Agriculture and Agro-processing
Adding value to: Tea, coffee, cotton, pyrethrum, and horticultural products.
Livestock products: processing of meat and dairy products.
Developing niche products and markets e.g. beef concentrates.
Irrigation projects: potential in arid and semi arid areas
Provision of agricultural extension services.
Developing high-tech industries
Manufacture of textiles, garments and apparels
Domestic and industrial products
Fast moving consumer goods
Electronic & electrical goods
Car assembly, among others
Manufacture of products to serve the regional market.
Petroleum products e.g. construction of more refineries.
Research & development
Science & Industrial parks
Information Technology enabled services
Geothermal & coal powered electricity generation plants
Solar Energy Plants and Wind Energy Generation
LPG handling storage and bottling facility
Storage, distribution and product handling facility
Regional Electricity Distribution
Kenya-Uganda and regional pipeline extension
Construction of refinery
Exploration and production
BOO and BOT or concession.
Privatization and development of ports
Rehabilitation of inland port facilities
Back office operations and call centers
Software development and consultancy
Hardware assembly and repairs
Privatization of telecommunication providers
Provision of ICT training for growing market
Development of broad band Infrastructure
Investment in digital radio and television
Precious metals: gold, silver.
Metallic minerals: titanium and iron ore.
Industrial minerals: Vermiculite, Limestone, Carbon dioxide, Zircon, Soda ash, Common salt, Fluorspar and Gypsum, among others
Building materials: Volcanic rocks and Tuffs, granite for dimension stone and silica sand.
Gemstones: Ruby, garnet, sapphire and tourmaline.
Potential for energy minerals: coal and oil.
Recreation and entertainment facilities
Cruise ship tourism (ocean and lake)
Nation Media Group
British American Tobacco