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Kenya

The ISO code of Kenya is KE according to the ISO 3166 standard. The local name of the country is the same as its English name. Kenya capital city is Nairobi. People in Kenya speak the Swahili, and English languages. On 12 December 1963, Kenya emerged as a sovereign political entity. In the year 12/12/1963, Kenya emerged as a sovereign political entity. The largest city in Kenya is Nairobi.

Kenya is located in the UTC +03:00 time zone, which is also called Eastern Africa Time or EAT. The internet country code top-level domain (ccTLD) for Kenya is .ke. The International dialing code for Kenya is 254. People in Kenya drive on the left side of the road. Total land area of Kenya is 580,367 km² (approx. 224,080 mi²). Kenya is not a landlocked country. It means that is is bordered by at least one major body of water.

A view in Kenya

Kenya is located in Africa. Kenya is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.

Currently Kenya faces various issues, including water pollution from urban and industrial wastes, degradation of water quality from increased use of pesticides and fertilizers, water hyacinth infestation in Lake Victoria, deforestation, soil erosion, desertification, poaching.

Doing business in Kenya

We offer various corporate services in Kenya jurisdiction. These services can serve both, people coming from Kenya and foreigners. If you plan on doing business in Kenya you might be interested in contacting us.

To find out about starting your business in Kenya click on company formation in Kenya.

To find out how to open a bank account in Kenya and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Kenya.

Choose preferred service below or continue reading to find out more about Kenya.

Company formation Bank account (Corporate)Available banks Bank account (Private)

Demographics of Kenya

The total population of Kenya is 50,950,879 people. In Kenya, the population density is 78 people per square kilometer (203 per square mile). Because of this statistic, this country is considered to be sparsely populated. The ethnic diversity is very diverse according to a fractionalization scale which for Kenya is 0.8588. Kenya has approximately 1084357 foreign immigrants. The median age is approximately 19.1 years. In Kenya, 32.1 in every 100 people use internet. Kenya has a Human Development Index (HDI) of 0.535.

The majority religion of Kenya is Christianity, Kenya is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Kenya.

Culture of Kenya

People in Kenya speak the Swahili, and English languages. According to data on inbound tourists in Kenya, 1,434,000 tourists arrive in the country each year. One of the most popular national dishes of Kenya is ugali. To read more click on culture of Kenya.

Geography of Kenya

Kenya is considered to be a large nation because of its total area. Its total land area is 580,367 km² (approx. 224,080 mi²). Kenya is located in Africa. Its capital city is Nairobi. Kenya has 5 neighbouring countries. Its neighbours include Ethiopia, Somalia, South Sudan, Tanzania, and Uganda. Total length of land borders of Kenya is 3457 kilometers (~1,335 miles).

The highest point of Kenya is Mount Kenya, with its official height being 5199 m (17,058 ft). Including land mass and EEZ, the total area of Kenya is approximately 697,309 km² (~269,231 mi²). The most notable natural resources found in Kenya are limestone, soda ash, salt, gemstones, fluorspar, zinc, diatomite, gypsum, wildlife, hydropower.To read more click on geography of Kenya.

Economy of Kenya

The currency of the country is Kenyan shilling. The symbol used for this currency is Sh, and it is abbreviated as KES. 11.5% of population in the country are unemployed. The total number of unemployed people in Kenya is 5,859,351. Each year, Kenya exports around $6.58 billion and imports roughly $15.86 billion. The Gini Index of the country is 42.5. Kenya has a Human Development Index (HDI) of 0.535.The Global Peace Index (GPI) for Kenya is 2.342. Kenya has a government debt of 37.2% of the country's Gross Domestic Product (GDP), as assessed in 2012. Kenya is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are small-scale consumer goods (plastic, furniture, batteries, textiles, clothing, soap, cigarettes, flour), agricultural products, horticulture, oil refining, aluminum, steel, lead, cement, commercial ship repair, tourism.

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Kenya is $133,015 billion. Each year, consumers spend around $23,543 million. The ratio of consumer spending to GDP in Kenya is 0%, and the ratio of consumer spending to the world consumer market is 0.0679. The corporate tax in Kenya is set at 30%. Personal income tax ranges from 10% to 30%, depending on your specific situation and income level. VAT in Kenya is 16%. In 2013, Kenya received 2654 million USD in foreign aid.In 2014, the foreign aid amounted to 2482.4 USD.To read more click on economy of Kenya.

Infrastructure of Kenya

Infrastructure quality in Kenya is rated to be at 2.4. It indicates a mediocre quality - roads, railroad, ports and other facilities are able to handle somewhat significant traffic, but not enough to ensure smooth transit at all times.

In Kenya, 23% of the population has access to electricity. There are 71,018 internet hosts in Kenya. Kenya has 197 airports nationwide.

The logistics performance index of Kenya is 2.81. It indicates a satisfactory performance - in general, traffic is handeled well, some flaws in certain areas are possible, but overall the logistics system performs reliably and is ready to handle predictable amounts of traffic.

Tracking possibilities for shipments are rated at 3.03. It indicates a satisfactory performance - the tracking systems provide all the basic information as well as additional data about shipments; most of the times it also has a weel established cooperation with foreign and international tracking systems, as well as usually provides information in multiple languages.

The number of road motor vehicles per 1000 inhabitants in Kenya is 146. To read more click on infrastructure of Kenya.

Politics of Kenya

Kenya, is a presidential republic. With regard to political and civil freedoms, Kenya is 2. Citizens in Kenya experience partial freedom. While the majority of citizens are able to exercise their free will to a certain extent in Kenya, some political engagement may be limited and certain population groups may be excluded from certain freedoms or expressions. The head of the government is Uhuru Kenyatta.

According to the World Bank Group, the government effectiveness index of Kenya is -0.3. This indicates that the government of Kenya is mediocre. While some public and civil services are limited, in other cases they can be considered adequate or even effective. Potential investors should carefully evaluate the governmental situation in Kenya before considering any business maneuvers.In Kenya, the legislative power is vested in a Parliament. The Global Peace Index (GPI) for Kenya is 2.342. The strength of legal rights index for Kenya is 7. Overall, it is considered to be rather adequate - bankruptcy and collateral laws are able to protect the rights of borrowers and lenders at least decently; credit information is msotly sufficient and generally available. In 2013, Kenya received 2654 million USD in foreign aid. In 2014, the foreign aid amounted to 2482.4 USD. Kenya is a member of the United Nations (UN). On 16 December 1963, it joined the UN as a full member state. Kenya is a member of the African Union (AU). On 13 December 1963, it joined the AU as a full member state. Kenya is a member of the World Bank. To read more click on politics of Kenya.

Environment of Kenya

Kenya emits 0.3 metric tons per capita of CO2. 13200 km² of Kenya's territory is covered in forests. and forest land comprises 2% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Kenya is 146. To read more click on environment of Kenya.

Company formation in Kenya

The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Kenya.

When establishing a company in Kenya, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Kenya that will affect the establishment and growth of one's business. Contact us or click on company formation in Kenya to read additional information when setting up a business.

Bank account opening in Kenya

With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Kenya. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.

When considering opening a bank account in Kenya, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Kenya or contact us.