Kenya is situated on the Indian Ocean coast of Africa and has the continent’s ninth largest economy, with a GDP of more than $55 billion and a population of more than 45 million.
The capital city of Kenya is Nairobi. With a population of 2.2 million, it is the country’s largest city, with the second largest city being the port town of Mombasa.Kenya is regarded as the regional hub for trade and finance in East Africa, and many large corporations have their Africa headquarters in Nairobi.
China has enjoyed a long standing trading relationship with Kenya. More than 15 percent of all of the country’s imports come from China already, making it the second largest exporter to Kenya behind India. More importantly, China is by far the largest investor into the Kenyan economy.
Currently Kenya imports amount to more than $14 billion per annum, mostly made up of machinery, transportation equipment, petroleum products, motor vehicles, iron, steel, resins and plastics.
GDP growth is a healthy 5.7 percent in key sectors such as agriculture, trade, construction and tourism. In the last year there have also been discoveries of large oil deposits, which will no doubt add to the power of the country’s economy.With a good range of tax treaties and investment promotion and protection agreements, the Kenyan government is seen as a stable pro-investment administration, one that is leading business friendly regulatory reforms. the country also benefits form a large pool of skilled English speakers and its strategic location as a regional finance, communication and transport hub.
Kenya is the largest of the 18 East Africa countries and is the primary entry poin and distribution centre for the wider region. East Africa alone has a population of more than 150 million people and currently enjoys trade with China exceeding that of the US, at more $90 billion. With its easy access to traditional trade routes, Kenya and its port of Mombasa, provides any company with easy access to this large and growing market.