Kenya’s Economy

Kenya has had considerable growth in the past few years with average growth rate of over 5 percent. As of 2016, Gross Domestic Product (GDP) stood at USD 70.53 billion with per capita income of USD 1,587. Kenya's Economy is distinguished from most African countries by the fact that it is one of the most diversified and advanced.

Nairobi cityscape at night

The Economy is Liberalized

Kenya operates a liberal economy which promotes trade and investment.

The country has, abolished price and exchange controls. The Government has also instituted measures to sustain macro-economic stability such as prudent fiscal and monetary policies, improvements in economic governance, and privatization of some public enterprises. These policies continue to promote growth by providing a more secure environment for private sector investment decisions.

Kenya guarantees capital repatriation and remittance of dividends and interest to foreign investors, who are free to convert and repatriate profits

Private enterprises, both foreign and domestic, can freely establish, acquire, and dispose of business enterprises according to the Companies Act. The Constitution of Kenya provides protection against the expropriation of private property. Only permitted subject to the payment of prompt and fair compensation.

More About Kenya


  • Richard Quest

    Business Reporter, CNN

    I have traveled to many countries to report on business news, However nothing matches the business acumen and readiness for investment that I have observed in Kenya Including the world Bank optimism to a marvelous GDP growth. I must says Kenya is the new business Destination in Africa

  • Christine Lagard

    President, European Central Bank

    Kenya has emerged as one of Africa’s ‘frontier economies’, and I am very interested in learning how the  country’s leaders and people will build on this success moving forward

  • John Gershenson, PhD

    CEO, Kijenzi

    Kenya is uniquely positioned to lead a surge in localized supply chains. Kijenzi is excited to unleash the next generation of digital manufacturing to feed the incredible innovation engine and enable a more resilient industry across the country and region. Manufacturing is the heartbeat of a growing GDP

  • Brijesh Bakhda

    Managing Director, Durham International Schools

    Kenya is well known for its value on education, and we quickly saw Nairobi as an excellent destination for the first Durham International School in Africa. We are confident that families in the capital will welcome the quality and ethos of education that Durham offers. KenInvest has provided a warm welcome and great support as we planned and opened Durham Kenya

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