East Africa Community

East Africa Community

Growth drivers favoring business in EA East Africa.

The East Africa Community brings together over 150m people and working on joint investments and policy harmonization, and being endowed with everything from the sea to the highest mountains on the continent and all the agricultural, tourism, industrial and consumer markets in between, together with links to virtually every significant global market, there couldn’t be a better market for investors to venture into.

Growth drivers in East Africa

There are seven key factors affecting the business environment in the region

Individuals working in Kenya require a special pass for assignments not exceeding 3 months or a work permit for long term assignments. Application for a special pass takes 1-3 months. It is valid for 3 months and can be extended for a further 3 months.A work permit takes 3-5 months to process and is valid for 2 years. Patience, respect for cultural differences, tolerance of uncertainty, and an ability to build personal relationships with colleagues and business partners are some of the skills one needs to realize business success in Kenya. In the workplace junior colleagues tend to exercise a lot of caution when addressing their seniors and may take sometime to open up. Social standing is important and official titles should be included when introducing or addressing someone. Small talk is expected. Enquire after your co-workers' or business contacts' families, their kids, their hometown, and be prepared to talk about your own relatives and home country. The Kenyan concept of time is fluid. While meetings should begin on time, there is little chance of an end time being adhered to. Individuals that value punctuality may become frustrated. It is important to remember to be patient and work with this new culture. Remember to steer clear of any negative aspects of working in Kenya, like corruption and ethnic division, which may present themselves

Key Investment Areas.
Textiles.
Shoe and other leather-based products
Agribusiness
Vehicle assembly
Motor cycle/scooter/bicycle assembly
Electronic assembly
Mobile phone technology

Faces Asia across the Indian Ocean
Long-standing links to the Arabian
Cuts its teeth on agribusiness, adding value to agricultural products
Houses the 5-nation East African Community at its core, and
Showing signs of political maturity
Increasingly technically literate
Critical mass of population (300m+)
The least commodity-rich region (oil & gas are new
English as a business language

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Kenya 2010 2011 2012 2013 2014 2015 2016
GDP Growth Rate - 4.0 % 5.0 % 4.6 % 5.3 % 5.6 % 6.8 %
Inflation Rate - 14.0 % 9.0 % 5.7 % 7.3 % 6.3 % 5.9 %
GDP (USD billion) - 34.0 $ 41.0 $ 45.0 $ 61.0 $ 63.0 $ 69.0 $
Population (million) - 42.0 Z 43.0 z 44.0 Z 45.0 Z 46.0 Z 47.0 Z