Trade

Kenya has had considerable growth in the past few years with average growth rate of over 5 percent. As of 2016, Gross Domestic Product (GDP) stood at USD 70.53 billion with per capita income of USD 1,587. Kenya’s Economy is distinguished from most African countries by the fact that it is one of the most diversified and advanced.

Kenya’s membership to regional economic blocs coupled with her strategic geographic position makes the country the gateway to the huge East African Community (EAC) market with over 135 million people and the Common Market for Eastern and Southern Africa (COMESA) market with over 450 million people.

The Registrar of Companies is responsible for business registrations in Kenya. He/she issues certificates of compliance for foreign companies, certificates of incorporation for local companies and certificates of registration for sole proprietorship and partnerships. proprietorship and partnerships.

Information for Trade in Kenya Portal also known as the InfoTradeKenya Portal. The Portal is a web based platform, implemented by KenTrade in partnership with United Nations Conference on Trade and Development (UNCTAD) and Trade Mark East Africa (TMEA), on which the Government has published trade regulatory information from all government offices, ministries and agencies that impose controls on trade.

Kenya is the largest and most advanced economy in East and Central Africa. Its GDP accounts for more than 50 per cent of the region’s total and in terms of current market prices, its 2014 GDP stood at $58.1 billion. Kenya’s strong growth prospects are supported by an emerging middle class and an increasing appetite for high-value good and services.