Country Snapshot

Population (2019, millions)¹52.57
Population Projections (2030, millions)¹65.45
Economically active population in agriculture (as % of Economically active population)12, 201991.5
CapitalNairobi
Surface Area (km²)²580,370
Weather¹¹Hottest month, February, 13-28°C; coldest month, July, 11-23°C; driest month, August, 24 mm average rainfall; wettest month, April, 266 mm average rainfall
Languages³Official: English and Kiswahili - Others: numerous indigenous languages
Main Religions³Main: Protestant and Catholic - Others: Muslim, Traditionalists, others and none
Time⁴Eastern Africa Time (EAT) +0300 UTC
Driving Orientation⁵Left Side
Internet Country Code⁶.ke
Country Calling Code+254
Plug, Socket and Voltage⁷ Type G - 240V/50Hz
CurrencyKenyan Shilling (KES) - 1/100 = Cent
Exchange Rate (As of 28 January 2018, per USD)⁸100.74 (buy rate)
GDP at Market Prices (2018, current, billions of USD)⁹87.9
GDP Growth (2018, annual %)⁹6.32
Average GDP Growth (2014-2018, annual %)⁹5.62
GDP per Capita, PPP (2018, current international $)⁹3,461
Inflation, Consumer Prices (2018, annual %)⁹4.68
Average Inflation, Consumer Prices (2014-2018, annual %)⁹6.49
Total Reserves in Months of Imports (2017)⁹4.34

Sources:
¹United Nations Population Division, Department of Economic and Social Affairs.
²COMESA Statistics, COMESTAT Data Hub.
³CIA World Factbook.
⁴Time and Date Portal.
⁵Chartsbin Portal, "Worldwide Driving Orientation by Country".
⁶Wikipedia, "List of Internet top-level domains"; and, Internet Assigned Numbers Authority, Root Zone Database.
⁷International Electrotechnical Commission, World Plugs.
⁸Central Bank of Kenya.
⁹World Bank, World Development Indicators 2019.
¹¹Economist Intelligence Unit.
12AFDB Socio Economic Database

Reasons to Invest in Kenya

Source: Kenya Investment Authority – KenInvest. 

Population

Population Projections (millions)

Population (2019)52.57
Population Projections (2030)66.45

Source: United Nations Population Division, Department of Economic and Social Affairs.

Population Residing in Urban Areas (%)

Population Projections (2019)27.5
Percentage of Population Residing in Urban Areas (2030)33.4

Source: United Nations Population Division, Department of Economic and Social Affairs.

Youth Literacy Rates (2017, %)

Youth Literacy Rate, Population 15-24 Years, Both Sexes 87.83
Youth Literacy Rate, Population 15-24 Years, Female 88.08
Youth Literacy Rate, Population 15-24 Years, Male 87.59

Source: United Nations Educational, Scientific and Cultural Organization, UNESCO Institute of Statistics.

Labour

Unemployment (2018, % of Total Labour Force, Modeled ILO Estimate)

Unemployment, Total 9.31
Unemployment, Female 9.22
Unemployment, Male 9.39

Source: World Bank, World Development Indicators 2019.

Labour Force (2017, % of Ages 15+, Modeled ILO Estimate)

Labour Force Participation Rate, Total 66.30
Labour Force Participation Rate, Female 63.58
Labour Force Participation Rate, Male69.1
Labour Force, Total (number)20,518,673

Source: World Bank, World Development Indicators 2019.

Economy - Overview

GDP

 20142015201620172018
GDP at Market Prices (current, billions of USD)   61.44   64.0169.1878.7587.9
GDP Growth (annual %)5.355.715.874.866.32

Source: World Bank, World Development Indicators 2019.

Value Added by Sector (% of GDP)

Indicator20182019
Agriculture39.4540.34
Manufacturing12.3111.94
Industry22.7122.48
Services56.8456.18
Construction6.486.59
Electricity, gas and water2.852.89
Mining and quarrying1.071.06
Education6.186.00
Finance, real estate and business services 21.4321.28
Public administration and Defense5.595.54
Health and Social Work2.152.16
Other services1.611.58
Transport, storage and communication12.2212.17
Wholesale and retail trade, hotels and restaurants11.1910.98

Source: AFDB Socio Economic Database.

Trade Profile

Import Partners (Imported Value, thousands, USD)

 20142015201620172018
World18,237,05314,555,43614,107,37616,680,50317,374,783
China2,780,1892,988,8493,325,0653,776,8083,661,733
India2,962,5542,371,9592,024,7471,648,2431,828,448
Saudi Arabia631,551504,064682,3851,108,2441,705,151
United Arab Emirates1,160,071783,867901,8891,337,6581,456,152
Japan973,144798,663811,829789,909984,823

Source: International Trade Center COMTRADE Statistics.

Export Partners (Exported Value, thousands, USD)

 20142015201620172018
World6,023,9825,396,2765,695,0815,745,6686,050,407
Pakistan244,301333,334395,360618,040582,521
Uganda541,976561,135498,730483,332503,419
United States of America127,094117,727424,698453,908465,203
Netherlands412,506320,926392,336399,220447,264
United Kingdom374,835347,583368,178370,061394,336

Source: International Trade Center COMTRADE Statistics.

Kenya’s Top Import Products (USD ’000)

ChapterDescription20142015201620172018
 All products    18,237,053     14,555,436     14,107,376     16,680,503     17,374,783 
27Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes       4,000,306        2,238,934        2,111,727        2,740,761        3,391,797 
84Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof       1,678,328        1,425,214        1,428,812        1,827,535        1,664,366 
87Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof       1,498,466        1,514,396        1,138,203        1,114,074        1,227,903 
85Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles       1,553,756        1,239,386        1,629,903        1,121,436        1,206,182 
72Iron and steel          727,248           643,291           604,359           734,553           860,555 

Source: COMSTAT database

Kenya’s Top Export Products (USD ’000)

ChapterDescription20142015201620172018
 All products    6,023,982     5,396,276     5,695,081     5,745,668     6,050,407 
09Coffee, tea, mate and spices    1,298,958     1,353,432     1,452,842     1,667,074     1,617,160 
06Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage        612,315         483,387         555,572         595,482         625,599 
27Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes        609,415         563,028         424,914         353,658         386,777 
07Edible vegetables and certain roots and tubers        242,432         222,982         264,573         209,108         250,134 
08Edible fruit and nuts; peel of citrus fruits or melons        100,829         114,193         149,837         180,698         232,965 

Source: COMSTAT database

Investment Profile

FDI Inflows (millions of USD)

Year20142015201620172018
FDI Inflows 821 620 681 1,275 1,626 

Source: United Nations Conference on Trade and Development, World Investment Report 2019

FDI Outflows (millions of USD)

Year20142015201620172018
FDI Outflows 75.1 242.0 157.4 256.6 164.4 

Source: United Nations Conference on Trade and Development, World Investment Report 2019.

FDI Inward Stock (millions of USD)

Year20142015201620172018
FDI Inward Stock 10,219 10,839 11,520 12,796 14,421 

Source: United Nations Conference on Trade and Development, World Investment Report 2019

FDI Outward Stock (millions of USD)

Year20142015201620172018
FDI Outward Stock1,092 1,334 1,492 1,748 1,913 

Source: United Nations Conference on Trade and Development, World Investment Report 2019

FDI Inflows Main Source Countries (in terms of number of projects)

United States, UK, India, South Africa, China, Japan, Germany, UAE, France, and South Korea. 

Source: Financial Times, fDi Markets, 2018

FDI Inflows Main Sectors (in terms of number of projects)

Financial Services, Communications, Business Services, Software & IT services, Food & Tobacco, Transportation, Automotive OEM, Industrial Machinery, Equipment & Tools, Consumer Electronics, and Renewable energy.

Source: Financial Times, fDi Markets, 2018

FDI Inflows Main Companies (in terms of number of projects)

Airtel Kenya, Faulu Microfinance Bank, Ecobank Kenya, Cummins Cogeneration Kenya, Samsung Electronics East Africa (SEEA), Taaleritehdas, Orange Kenya, LG Electronics, and Standard Chartered Bank

Source: Financial Times, fDi Markets, 2018

Doing Business

Overall Doing Business Ranking

202056/190
201961/190

Source: World Bank, Doing Business, 2020

Starting a Business

2020 Rank129/190
Procedures (number)7
Time (days)23
Cost (% of income per capita*)22.4
Paid-in Minimum Capital (% of income per capita*)0.0

*GNI per capita used: USD 1,620
Source: World Bank, Doing Business, 2020

Paying Taxes

Paying Taxes

2020 Rank94/190
Payments (number per year)24
Time (hours per year)180
Total Tax Rate (% of profit)37.2
Profit Tax (% of profit) 30.1
Labor Tax and Contributions (% of profit)1.9
Other Taxes (% of profit)5.2

Source: World Bank, Doing Business, 2020

Trading Across Borders

2020 Rank117/190
Time to Export: Border Compliance (hours)16
Cost to Export: Border Compliance (USD)143
Time to Export: Documentary Compliance (hours) 19
Cost to Export: Documentary Compliance (USD)191
Time to Import: Border Compliance (hours) 194
Cost to Import: Border Compliance (USD) 833
Time to Import: Documentary Compliance (hours) 60
Cost to Import: Documentary Compliance (USD) 115

Assumptions:
* It is assumed that shipment travels from a warehouse in the largest business city of the exporting economy to a warehouse in the largest business city of the importing economy.
* It is assumed that each economy imports a standardized shipment of 15 metric tons of containerized auto parts (HS 8708) from its natural import partner—the economy from which it imports the largest value (price times quantity) of auto parts. It is assumed that each economy exports the product of its comparative advantage (defined by the largest export value) to its natural export partner—the economy that is the largest purchaser of this product.
* A shipment is a unit of trade. Export shipments do not necessarily need to be containerized, while import shipments of auto parts are assumed to be containerized.
* Shipping cost based on weight is assumed to be greater than shipping cost based on volume.
* If government fees are determined by the value of the shipment, the value is assumed to be $50,000.
* The mode of transport is the one most widely used for the chosen export or import product and the trading partner, as is the seaport, airport or land border crossing.
* Time is measured in hours, and 1 day is 24 hours.
* Costs do not include tariffs.
Source: World Bank, Doing Business, 2020

Investment Regime

Legal Framework

Investment Code - Law N. 6 of the 31st of December 2004

Key guarantees in terms of investment protection include:

Source: United Nations Conference on Trade and Development, iGuide Kenya.

Investment Incentives

Source: Deloitte, Guide to Fiscal Information, Key Economies in Africa 2018