The Economic Development Of Kenya

Tanzania is a developing nation located in East Africa in the African Great Lakes region. Despite its low per capita income, Tanzania has established a significant growth rate in the last several years. There are several reasons Dr. Bronner’s Magic Soap should invest in the country due to projected economic development, future urbanization, intriguing cities to invest, and a serious need for the product.

Dominated by agriculture grown for export markets since colonial times, the economy of this West African nation is beginning to diversify (Michael Radu). According to statistics provided by the International Monetary Fund, in 2006 revenues from oil and refined products surpassed earnings from the nation’s biggest cash crop, cocoa (African Studies Center). The government in 2011, predicted that the nation’s biggest source of wealth would be petroleum resources. Currently more than 30 international mining companies are mining and exploring reserves of gold. Political stability will determine is multinational energy and mining companies can assist with bringing gold, natural gas, diamonds, nickel, oil, and other natural resources. Foreign investments have slowed down due to political instability, which contributed to the country’s initial financial success. Economic growth has come to a standstill. Although the GDP growth rate improved from about 2% in 2008 to 4% in 2009–2011, per capita income has continuously dropped since 1999, with a slight improvement in 2009–2010 (Central Intelligence

Tourism in Kenya has expanded since 1963. People travel to Kenya because it is such a beautiful country and has the most spectacular wild life. I attended African

The superimposing factor that gives South Africa such an advantage over other prospective African business environments is that it possesses of a very powerful and sophisticated vantage-point geographically. South Africa is strategically located for manufacturing and exportation into several regions globally and can be an unmitigated platform for MNC’s who may be interested in a venture within this region. The important advantages include regional competitiveness, combined with reduced operational costs and a significantly prominent market access (Safrica.info, 2011).

Ethiopia is an attractive investment opportunity for business looking to enter a new market. With respect to trade, it provide a lucrative opportunity for investors. Ethiopia enjoys a number of preferential access to market under the EU and Common Market for Eastern and Southern Africa (COMESA). Located in the North-Eastern part of Africa known as “Horn of Africa” Ethiopia lies at the cross-road between Africa, the Middle East and Asia. Ethiopia is one of the largest domestic markets in Africa due to its large population (Embassy of Ethiopia, 2015).

The Republic of Kenya is a country situated on the coast of Eastern Africa with a last recorded population of 41,070,934 in 2011 (Internet World Stats). Kenya is considered to be a less economically developed country, meaning that it is suffering conditions of extreme poverty, ongoing and widespread conflict, extensive political corruption, and lack of political and social stability.

The country's greatest strengths lie in its natural resources. In those terms, it is very rich. Cocoa, its biggest export, accounts for 15% of the world's supply. Also its gold production, in recent years, it's exported

With the discovery of certain human fossils, some being over 3 million years old, many paleontologists believe that Kenya was the “cradle of humanity.” Currently, Kenya’s population is comprised of over 97 percent of people of African descent with nearly 40 ethnic groups. Lying on the equator between Ethiopia, Sudan, and Uganda, Kenya is located on the eastern coast of Africa. Kenya is one of the most famous safari destinations in Africa, attracting people from all over. Its rich culture and beautiful environments make it one of the most favored places to visit in the world.

country they would play a sport or two. As far as the economy of Kenya is the biggest

Tanzania and CAR has a lot of potential but this is not being utilized because of:

* To identify the major economic sectors connecting Tanzania and the rest of the world.

Kenya’s net FDI inflows compared to its East African neighbours however is poor. In 2012, Tanzania attracted FDIs worth US$ 1.70 billion. Uganda received US$ 1.72 billion in investment, while Kenya drew in US$ 259 million (UNCTAD 2013).

Based on Mozambique Bank analysis, Agriculture and fishery sector kept leading position in the economy, being responsible of 21.8% of the global product, followed by transport and communication 12,7%, trade and repair services 11.2%, manufacturing industry 9%, house hold and repair services 7.2% during the year 2015.

For the past ten years, Zimbabwe has been riddled with economic stagnation as well as being the subject of political instability, thus that been the reason why many companies and countries have turned a blind eye as concerns investing. Once known as the bread basket of Africa, Zimbabwe has the ability to rise up again especially with the internationally accepted new government of Unity were the two major political parties, ZANU PF and MDC have come together to work as one for the betterment of the country and to fulfil the needs of the people.

Kenya supports the New Partnership for Africa’s Development (NEPAD), which is a holistic and integrated framework for the sustainable development of the African continent. It is widely recognized that Kenya’s invaluable experience in socio-economic and development processes will be useful in constructing the