Kenya
Succeed with the Commercial Service in Kenya
Kenya is a country of 54 million people that is rich in diverse cultures, people and natural heritage. Kenya has a market-based economy and is generally considered the economic, commercial, financial and logistics hub of East Africa. With the strongest industrial base in East Africa, Kenya has been successful in attracting U.S. exporters and investors. More U.S. companies are investing in Kenya and setting up local and regional operations to take advantage of Kenya’s strategic location, diversified economy, entrepreneurial workforce, comprehensive air routes, and status as a regional financial center. It is the most industrially developed country in East Africa, with a gross domestic product of $96 billion.
On July 8, 2020 the United States and Kenya entered into negotiations for a Free Trade Agreement (FTA) with the goal of a concluding a comprehensive, high-standard agreement that can serve as a model for additional agreements across Africa. See the U.S.-Kenya FTA joint statement here.
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Featured Market Intelligence Articles
The Kenya Finance Bill 2020 introduced a new Digital Services Tax on income from services provided through the digital marketplace in Kenya at the rate of 1.5% on the gross transaction value.
Advanced manufacturing interests in Nairobi, Kenya look to U.S. solutions to increase efficiency and maximize resources in the manufacturing process and related supply chain.
Opportunities for U.S. agriculture companies with agri-tech solutions should consider their suitability in Kenya.
