Niconomics : The Kenyan Economy

March 29, 2020

NATURAL RESOURCES AND COMMONS


According to the united nations estimates, Kenya has a population of 51607641 as of 2018 covering a total landmass of 581309 Squared Kilometers. 48.55% of that is used for agricultural production.
Kenya is a leading producer of tea and coffee. A third leading producer of of fresh produce that is cabbages, onions and mangoes.
Small farms produce corn, potatoes,banana,beans and peas.
Kenya's GDP was 85.98 Billion U.S Dollars. An increase from the previous year which was 74.97 Billion U>S Dollars.

INFRASTRUCTURE


Kenya is accessible by air through a number of airports spread across major cities in the country. JKIA with direct flights to JFKIA and Moi international Airport Mombasa are the major airports in the country.
Kenya is also accessible by sea through a number of ports spread along the Kenyan coast managed by the Kenya Ports Authority.
Kenya has a road network covering a total of 177800 Kilometers. World Bank statistics holds that Electricity coverage is at 56% as of 2016.

FINANCE AND BUSINESS


Kenya is a market based Economy with a few state owed infrastructure.
Financial systems in Kenya comprises of a number of commercial banks, non-bank financial institutions, a range of insurance companies and a stock exchange based at the capital Nairobi and Governed by the Central Bank Of Kenya.
The Kenyan Shilling is the official currency in the country.
To start and run a business one needs a business name from the registrar of Businesses and an annual business permit from the local authority.
The fees vary from business to business.

Update :

Tabloids

The kenyan blogosphere is cordinated by the Bloggers association of Kenya (BAKE) with anual gatherings and award shows at its peak. To participate, you have to be a registered member. It's a forum bringing together pro bloggers and writers from around the country.

Now... 

That's The Kenyan Economy in a Nutshell introducing #Niconomics!


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