Africa Immigration Series is a series of articles to be published monthly. Each article will explore the Africa’s expat mobility landscape and a brief overview of the current economic situation and investment opportunities.
Our first article focuses on Kenya.
Population: 50 million
Currency: Schilling (KES)
Official Language: English and Swahili
Kenya is a key regional player in East Africa, the country is a major communications and logistics hub, with an important Indian Ocean port and strategic land borders with Ethiopia, South Sudan, Uganda, Tanzania, and Somalia. The Republic of Kenya was founded in 1963. The country has 47 counties and divided into the three arms: the legislature, the executive and the judiciary. The current structure of government allows power to be held on two levels, the national level and the county level. This allows the Counties of Kenya some form of autonomy. Before the 2013 elections, Kenya was under a central government with 8 provinces.
Kenya went through presidential elections in August 2017, but it was nullified by the country’s Supreme Court, leading to another presidential elections in October. The two main rivals, Kenyatta and Raila Odinga were competing. At the end Odinga boycotted the elections and President Uhuru Kenyatta returned to the office for its second term.
Kenya is one of the fastest growing economies in Sub-Saharan Africa.
Its largest foreign exchange earning sector is agriculture, accounting for 25% of the GDP and 70% of the total workforce, followed by the tourism industry, contributing with 10% to the total GDP in 2017 and 9.1% to the employment rate. Overall, the GDP is expected to grow by 6% in 2018, mostly because of the completion of some infrastructure projects, credit growth and the strengthening of the global economy and tourism.
Kenya’s youthful and growing population, dynamic private sector, highly skilled workforce, improved infrastructure, new constitution (which also facilitated the , and pivotal role in East Africa, give it the potential to be one of Africa’s great success stories. Addressing poverty, inequality, governance, and the skills gap (between market requirements and the education curriculum) will be major goals, as well as problems of climate change, low investment, and low productivity. Only when these have been addressed can sustained growth rates transform lives of ordinary Kenyan citizens.
Read more about our Kenya country page HERE.
Stay tuned for our upcoming article on the immigration landscape of Kenya.
Please do not hesitate to contact us for advice regarding immigration & visa, setting up business, property transfer & investment.
by Fernanda Braz