TRADE MISSIONS

Changemaker International organizes trade missions to promote international trade. We work with African governments and key sector players such as farmer and trade umbrella associations ,embassies, leaderships of the provinces and counties to support European entrepreneurs and investors participating in the trade missions.

TRADE MISSION TO KENYA (IN PARTNERSHIP WITH KIAMBU COUNTY)

Sunday 16TH TO Friday  21ST FEBRUARY 2020

This Trade Mission targets entrepreneurs in the agribusiness sector, Horticulture, Micro finance, Dairy Farming ,Poultry and Pig Keeping.

Cost Per Person: 1600 euros per person,  

Description of participation costs (excluding VAT):

(Cost does not cover Flights and Accommodation in Kenya)

Economy of Kenya

Kenya's economy is market-based with a few state-owned infrastructure enterprises and maintains a liberalized external trade system. Kenya is generally perceived as Eastern and Central Africa's hub for Financial, Communication and Transportation services. Major industries include: agriculture, forestry and fishing, mining and minerals, industrial manufacturing, energy, tourism and financial services. As of 2015 estimates, Kenya had a GDP of $69.977 billion making it the 72nd largest economy in the world. Per capita GDP was estimated at $1,587.

The government of Kenya is generally investment friendly and has enacted several regulatory reforms to simplify both foreign and local investment, including the creation of an export processing zone. The export processing zone is expected to grow rapidly through input of foreign direct investment. An increasingly significant portion of Kenya's foreign inflows are remittances by non-resident Kenyans who work in the US, Middle East, Europe and Asia. Compared to its neighbours, Kenya has well-developed social and physical infrastructure.

As of March 2015, economic prospects were positive with above 5% GDP growth expected, largely because of expansions in telecommunications, transport, construction and a recovery in agriculture. These improvements are supported by a large pool of English-speaking professional workers. There is a high level of computer literacy, especially among the youth.

Agriculture
The agricultural sector continues to dominate Kenya's economy, although only 15 percent of Kenya's total land area has sufficient fertility and rainfall to be farmed, and only 7 or 8 percent can be classified as first-class land. Tea, coffee, sisal, pyrethrum, corn, and wheat are grown in the fertile highlands, one of the most successful agricultural production regions in Africa. Livestock production is predominant in the semi-arid savanna to the north and north east. Coconuts, pineapples, cashew nuts, cotton, sugarcane, sisal, and corn are grown in the lower-lying areas.

Forestry & Fishing
Resource degradation has reduced output from forestry. In 2004 roundwood removals came to 22,162,000 cubic meters. Fisheries are of local importance around Lake Victoria and have potential on Lake Turkana. However, output from fishing has been declining because of ecological disruption. Pollution, overfishing, and the use of unauthorized fishing equipment have led to falling catches and have endangered local fish species.

Mining & Minerals
Kenya has had no significant mineral endowment. The mining and quarrying sector makes a negligible contribution to the economy, accounting for less than 1 percent of gross domestic product, the majority contributed by the soda ash operation at Lake Magadi in south-central Kenya. One of Kenya's largest foreign-investment projects in recent years is the planned expansion of Magadi Soda. Apart from soda ash, the chief minerals produced are limestone, gold, salt, large quantities of niobium, fluorspar, and fossil fuel. Recent exploration of Oil, gas and titanium has however yielded positively. This will greatly give a boost to the economy in the next few years.

Industry & Manufacturing
Although Kenya is the most industrially developed country in East Africa, manufacturing still accounts for only 14 percent of gross domestic product (GDP). The industry and manufacturing sectors have become increasingly important to the Kenyan economy, and has been reflected by an increasing GDP per capita. Industrial activity, concentrated around the three largest urban centres, Nairobi, Mombasa, and Kisumu, is dominated by food-processing industries such as grain milling, beer production, and sugarcane crushing, and the fabrication of consumer goods, e.g., vehicles from kits. Kenya also has an oil refinery that processes imported crude petroleum into petroleum products, mainly for the domestic market. In addition, a substantial and expanding informal sector engages in small-scale manufacturing of household goods, motor-vehicle parts, and farm implements.

Energy
The largest contribution to Kenya's electricity supply comes from hydroelectric stations at dams along the upper Tana River, as well as the Turkwel Gorge Dam in the west. A petroleum-fired plant on the coast, geothermal facilities at Olkaria (near Nairobi), and electricity imported from Uganda make up the rest of the supply.

Financial Services
 Kenya is East and Central Africa's hub for financial services. The Nairobi Stock Exchange (NSE) is ranked 4th in Africa in terms of market capitalization. The Kenya banking system is supervised by the Central Bank of Kenya (CBK). As of late July 2004, the system consisted of 43 commercial banks (down from 48 in 2001), several non-bank financial institutions, including mortgage companies, four savings and loan associations, and several score foreign-exchange bureaus.

Agribusiness Trade Mission to Kenya Programme

 DATE

Description

Sunday, 16th February 2020

Arrivals (time is optional)

Check–in hotel in IBIS Style Hotel in Nairobi 

Welcoming Drink

 

 

Monday, 17th February 2020

Official opening by the Kenya Minister of Trade and the CEO of the  Kenya Investment Authority and a Representative of the Dutch Embassy in Kenya/ European Union

Seminar ‘How to do business in Kenya

Presentations on the Investment opportunities in Kenya

Matchmaking Meetings

Networking Cocktail

Tuesday 18th February 2020

 

 

Horticulture Site Visit to Naivasha

 

Field Visit to Kiambu County

 

 

 

Dairy and Poultry Field Visit to Kiambu County

 

 

Wednesday 19th February 2020

Field Visits to Kiambu County

 

 

 Thursday 20th February 2020

Matchmaking and Network Meeting in Kiambu

 

 

Friday 21st February 2020

Flights – (Departures are optional)

To register for this Trade Mission to Kenya send an email to: info@investinkenya.eu