The half-year estimates show that the economy remained fairly resilient, growing 4. The economy is projected to rebound to GDP growth of 5. Macroeconomic evolution Overall macroeconomic fundamentals were stable in
Kenya economic structure is highly dependent on agricultural production.
Since independence, the country has received considerable foreign aid, although the industrial sector still remains underdeveloped.
As a result, the country has to import a majority of its consumer goods. It accounts for approximately Traditional methods of agriculture and over reliance on the weather conditions have impacted productivity since The major industries include horticulture, oil refining, cement, tourism, ship repairing and small-scale consumer goods manufacturing.
As part of the agreement, Kenya removed subsidies, trade restrictions and the liberalized business climate in the country. Inthe government also removed non-tariff trade barriers and the integrated customs union according to international standards. The country receives significant international donations for developmental and budgetary support.
The IMF and World Bank have also provided huge sums of money for the development of infrastructure and to curb corruption at the administrative levels. The US is one of the major donors to Kenya.Kenya's media is noteworthy given the continent's history that has had a devastating effect on the industry.
At independence most African states had media that could have been developed into vibrant institutions (de Beer, Kasoma, Megwa & Steyn, ). Kenya will host a High-Level Conference on Sustainable Blue Economy Conference from November , in Nairobi.
Speaking during an editor’s breakfast meeting, the Principal Secretary Macharia Kamau, said the conference follows the announcement by President Uhuru Kenyatta, during the Third Session of the United Nations Environment . Kenya economic structure is highly dependent on agricultural production.
Since independence, the country has received considerable foreign aid, although the industrial sector still remains underdeveloped. As a result, the country has to import a majority of its consumer goods. Kenya is an East African nation with a prominent coastal line along the Indian Ocean.
The country shares its borders with Ethiopia, Somalia, Tanzania, Uganda and Sudan. It is the 47th largest country in the world in terms of land area.
Kenya has coastal plains at the eastern end, which rise to central highlands towards the west. Kenya’s economy .
Kenya is the economic, financial, and transport hub of East Africa, and its real GDP growth has been robust in recent years. Zimbabwe: Meet New Finance Minister Mthuli Ncube (New Zimbabwe) East Africa: No Cheap Power Yet As Ethiopian Dam Project Goes Into Brownout (East African) Zimbabwe: Reviving Economy is 'Herculean.