INVESTMENT OPPORTUNITIES IN KENYA

Investment opportunities in Kenya
Kenya remains one of the most attractive investment destinations on the African continent with a friendly investment ambiance both to local and foreign investors. With diverse climatic and landscape variations across the nation, Kenya is suitable for agricultural and tourism activities throughout the year.

The Government’s policies provide adequate incentives to encourage foreign investors. There is a stable currency, no exchange controls, low underlying inflation and a highly simplified tariff structure and customs procedures

 

 

Access to the sea
Kenya borders the Indian Ocean and has 13,400 sq km of water. Located on Kenya's eastern coastline on the edge of the Indian Ocean, is the deep-sea port of Mombasa.

This is one of the oldest cities in East Africa and a natural gateway that serves a wide hinterland that includes countries in the Great Lakes region like Uganda, Tanzania, Rwanda, Burundi, Southern Sudan and Eastern DRC.

 

 

Air transport
There are excellent international air transport links through the Jomo Kenyatta International Airport-Nairobi, Moi International Airport-Mombasa and Eldoret International Airport-Eldoret. With its fast growing airlines led by the national carrier Kenya Airways, Kenya has become the hub of air transport in the region.

The international airports provide direct links to all parts of Africa in addition to all major cities in America, Europe and Asia. The overall transport network makes the country an excellent production base for a prospective investor, particularly for exports. It is noteworthy that Kenya has fully embraced regional integration and the multilateral trading system as a framework for achieving development objectives.

 

 

Railway transport
A major highlight of Kenya’s colonial history is the Kenya-Uganda Railway built from Mombasa in 1896 and reaching Kisumu after 930 km of track in 1901. At inception it was considered unrealistic and was dubbed "the Lunatic Line" by its detractors. On completion however it turned out to be a huge logistical achievement and became strategically and economically vital in the Great Lakes region. As of 2006 much of the overall railway system had been neglected.

The Kenya Railway was running deficit operations necessitating plans to privatize and revitalize the system. In 2005 Rift Valley Railways Consortium (RVRC) from South Africa, established to manage the parastatal railways of Kenya and Uganda won the concession. The operational take-over by RVRC took place on November 1, 2006 and is scheduled to last for 25 years. Today RVRC offers both cargo and passenger services although freight services are the bulk of RVRC's operations. Plans are also being effected to increase efficiency in services delivery, and in the long term to commence services to Sudan.

 

 

Industry
The country has a relatively strong industrial base with the manufacturing sector accounting for 13.2 per cent of the Gross Domestic Product.

Kenyan manufactured products have access to several large insatiable export markets such as the East African Community, COMESA, the European Union, the USA and the Far East.


 

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