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The economy of Kenya is market-based with a few state enterprises. Kenya has an emerging market and is an averagely industrialised nation ahead of its East African peers. Currently a lower middle income nation, Kenya plans to be a newly industrialised nation by 2030. The major industries driving the Kenyan economy include financial services ...
The Kenyan economy is the largest in East Africa. After independence, Kenya promoted rapid economic growth through public investment, encouraged smallholder agricultural production and provided incentives for private industrial investment. Kenya is East Africa's regional transportation and financial hub.
PPP largely removes the exchange rate problem, but has its own drawbacks; it does not reflect the value of economic output in international trade, and it also requires more estimation than nominal GDP. [4] On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures. [5]
The biggest problem for the Kenyan economy was the debt burden that the country has accrued over the last 12 years, he added. More taxes are seen as vital to pay for Kenya's huge debts [AFP]
The following is a list of Kenya's richest. It is based on an annual assessment of wealth and assets compiled and published by Forbes magazine.. Kenya is the largest economy in the East African Community, the 3rd largest economy in Sub-Saharan Africa, with a gross domestic product of US$120.87 billion as of 2020 [1] up from US$70.539 billion in 2017. [2]
t. e. Kenya Vision 2030 ( Swahili: Ruwaza ya Kenya 2030) is a Kenyan development program, aiming to raise the average standard of living in Kenya to middle income by 2030. It was launched on 10 June 2008 by President Mwai Kibaki. [1] [2] [3] Developed through "an all-inclusive and participatory stakeholder consultative process, involving ...
Agriculture remains an important component of Kenyan households' economic and social well-being. [38] Climate change is already affecting the country's agricultural sector, [39] [40] which is responsible for over 33 percent of Kenya's GDP and is the primary source of sustenance for 60% of the population. [18]
The following outline is provided as an overview of and topical guide to Kenya: Kenya is a country in East Africa. The capital city is Nairobi, 2nd largest in Africa (after Cairo ). Kenya spans an area about 85% the size of France or Texas. The population has grown rapidly in recent decades to roughly 38 million.