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Global Business Trade Show

21 to 23 July 2017 at Nairobi, Kenya, East Africa.

Kenya - The Country

Kenya is the economic and transport hub of East Africa. Kenya’s real GDP growth has averaged over 5% for the last seven years. Kenya is the biggest and most advanced economy in east and central Africa, and has an affluent urban minority, it has a Human Development Index (HDI) of 0.519, ranked 145 out of 186 in the world. In 2017, Kenya ranked 92nd in the World Bank ease of doing business rating from 113th in 2016 (of 190 countries). Kenya is usually classified as a frontier market or occasionally an emerging market, but it is not one of the least developed countries.

The economy has seen much expansion, seen by strong performance in tourism, higher education and telecommunications, and acceptable post-drought results in agriculture, especially the vital tea sector. Kenya's economy grew by more than 7% in 2007, and its foreign debt was greatly reduced.

East and Central Africa's biggest economy has posted tremendous growth in the service sector, boosted by rapid expansion in telecommunication and financial activity over the last decade, and now contributes 62% of GDP. 22% of GDP still comes from the unreliable agricultural sector which employs 75% of the labour force (a consistent characteristic of under-developed economies that have not attained food security—an important catalyst of economic growth) A small portion of the population relies on food aid. Industry and manufacturing is the smallest sector, accounting for 16% of GDP. The service, industry and manufacturing sectors only employ 25% of the labour force but contribute 75% of GDP.

Privatisation of state corporations like the defunct Kenya Post and Telecommunications Company, which resulted in East Africa's most profitable company—Safaricom, has led to their revival because of massive private investment.

As of May 2011, economic prospects are positive with 4–5% GDP growth expected, largely because of expansions in tourism, telecommunications, transport, construction and a recovery in agriculture. The World Bank estimated growth of 4.3% in 2012.

In March 1996, the presidents of Kenya, Tanzania, and Uganda re-established the East African Community (EAC). The EAC's objectives include harmonising tariffs and customs regimes, free movement of people, and improving regional infrastructures. In March 2004, the three East African countries signed a Customs Union Agreement.

Kenya is East and Central Africa's hub for financial services. The Nairobi Securities Exchange (NSE) is ranked 4th in Africa in terms of market capitalization. The Kenyan banking system is supervised by the Central Bank of Kenya (CBK). As of late July 2004, the system consisted of 43 commercial banks (down from 48 in 2001), several non-bank financial institutions, including mortgage companies, four savings and loan associations, and several core foreign-exchange bureaus.

Quick Facts

 
Country Kenya
Capital Nairobi
Languages Swahili, English
Country Population 4,66,61,552
City Population 31,38,369
Temperature Approx 24 DC
Currency Kenya Shilling
Time GMT +3
Date Format DD/MM/YY
Currency Convert 1 KSH = 0.67 INR
Driving Left
Country Code +254
City Code 020
Internet TLD .KE
ISO 3166 Code KE

 

 

 

The Venue - sarit centre

Welcome to the “Center” of Nairobi, Sarit Center, an urban destination perfectly positioned in the metro market. Located in the heart of downtown Nairobi, the Center is within walking distance to first-class accommodations (more than 5,000 rooms citywide, most within the downtown area), shopping, dining, attractions, sightseeing along picturesque city center.

Sarit Center is an ideal location for a Trade show, Conventions, Corporate meeting or special event.