Kenya is not your typical African country, the country owns great and unique features which makes the country the more preferable for investments.
Now let’s get to the facts:
The country has a strong economic base as compared to any other East African Country. The infrastructure in Kenya is well developed and constructed to meet international standards. Kenya’s Jomo Kenyatta International Airport has over 40 passenger airlines and 25 cargo airlines, this makes the country easily accessible and movement of goods and services easy.
Kenya has a total population of 45.2 million, this means you will have available labor force for your business/ company. Over 800,000 young Kenyans enter the job market each year, all this number cannot be accommodated by the limited available jobs in the country. The percentage of unemployed youths in Kenya is above 35%, yet this youths are well educated and equipped to do various kinds of jobs.
No matter how big your company is, you will not lack enough labor force.
The ICT sector in the country has grown at a very fast rate in the past few years. The country also has the highest Internet Access Rate in Sub- Saharan Africa.
This makes communication easier. Business deals can be made over the phone, teleconferencing is as well practiced in Kenya.
The stabilization of the Kenyan Shilling selling at 84 – 87 to the dollar helps in maintaining a standard price for goods and services. Nothing is discouraging to clients like unstable prices for goods and services sold.
Kenyan currency is stronger than the currency of all other East African countries.
Another reason why Kenya is the best country to invest in is due to simple and friendly steps followed to register and operate the business in the country. A key thing a company owner has to do is to register the company with the registrar of companies.
In other countries, starting and operating a company involves long complicated procedures which takes months to complete.
Last but not least, mobile banking in Kenya is developed more than in any other country in the world. Monetary transactions are hence convenient and fast in Kenya than in any other country.