Wednesday, October 17

Kenya as an Economic Hub

Google+ Pinterest LinkedIn Tumblr +

Kenya has increasingly become the focus of attention for foreign companies looking to transport their goods in the surrounding, emerging, lucrative markets.

Oil, metal and mineral exporting countries like Sudan and Zambia saw strong growth in the region of about 11%. Growth, increased countries ability to import with Uganda and Ethiopia seeing the largest increase in imports.

Several Asian manufacturers have set up assembly plants to penetrate COMESA member countries without paying taxes and so adding to their profit margins, which has forced local manufacturers to reduce their profit margins.

The cabinet secetary for the treasury, will this year also launch Nairobi as an international financial centre joining South Africa, Morocco and Mauritius as countries with financial hubs in Africa.

Share.

About Author

Comments are closed.