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Kenya

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EDC's Position

  • Targeted approach to business
  • Open on a restricted basis under select programs

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Country At A Glance

Flag of Kenya
Map of Kenya

Country Facts

Nominal GDP63.40 Billion USD
Population46.05 Million
Total Trade/GDP44.81%
CurrencyKenyan Schilling (KES)
Merchandise Imports from Canada93.05 Million CAD
Main importsIndustrial Supplies, Machinery & Equipment, Transportation Equipment, Auto & Light Motor-vehicles

EDC in Kenya

Canadian companies assisted29
International buyers insured15
Business volume85.47 Million CAD

Business Environment

Kenya's political situation has been impacted in the last years by ethnic tensions, however, the medium term prospects have improved with the adoption of a new constitution in 2010. Kenya is the largest economy in Eastern Africa. It enjoys a good degree of diversification, which makes it less vulnerable to commodity price fluctuations. Kenya's economy has faced challenges in recent years, however prospects are better as the country consolidates its recovery. The country is considered to be a regional commercial hub. Trade is important to the country's economy. Canada and Kenya have established a moderate trade and investment relationship. Important sectors for the Kenyan economy include agriculture, tourism, manufacturing and services. There are good opportunities for Geothermal power development. The country is a member of the East African Community (EAC).

Key Industries

  • Agriculture
  • Construction & Infrastructure
  • Medical Technology & Devices
  • Power
  • Telecom

How we can support your business

Through our representation in Johannesburg, South Africa, we provide support to Canadian companies planning on or currently doing business in Kenya. Our market experts have developed strategic relationships with major buyers in several sectors as well as a network of local contacts in the market.

  • We are positioned to help Canadian companies through a range of financing and risk management services.
  • Learn more about our service offering.

Consult our interactive Country Risk Quarterly report.

 

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