The country is an important passage to Europe, Asia and East African region. Mombasa Port is the gateway for the majority of East African trade and Kenya’s membership in the East African Community (EAC), as well as other regional trade blocs, provides growing access to larger regional markets.
Kenya continues to develop its investment climate with policies such as the Nairobi International Finance Centre (NIFC) of 2021 which aims to improve the country’s global competitiveness by optimizing the operating framework for financial services. A few benefits include the possibility of full foreign ownership, freedom to repatriate profits and reduced taxes.
Kenya’s macroeconomic fundamentals remain among the strongest in Africa, and experiences strong consumer demand from a growing middle class. The Kenya Vision 2030 lays out a “big four” development agenda, seeking to provide universal healthcare coverage; establish national food security; build affordable new homes; and increase employment by doubling the manufacturing sector’s share of the economy.