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Transcript of Korea Expo
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1Kenya Business Forum: Seoul Korea 7th June 2012
Trade and InvestmentOpportunities in Kenya-Gateway to unleashing your
potential in Africa
By Julius Korir
Managing Director
Kenya Investment Authority
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2Kenya Business Forum: Seoul Korea 7th June 2012
Contents
1. Introduction
2. Profitable Kenya
3. Kenya Your Business Partner
4. Business Friendly Environment
5. Useful Contacts
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3Kenya Business Forum: Seoul Korea 7th June 2012
Leveraging historic relationship with
Africa for Investment and Trade. Kenya
is the largest horticultural produce
exporter to EU
EUROPE
Providing Technical and ..guidance for
Security Agencies thus supporting security
in the Region with the hope to increaseaccess to Africas growing market and
resources.
USA
CHINA
Improving Diplomatic relations between
China and Africa and leveraging positive
sentiments toward china to access the
market and Natiural Resources.
Concentrate markets focusing on a few hub
countriesin order to efficiently supply
growing demand for consumer goods (ie.
Cars, and electronics) and utilizing thehub countries as a springboard for
greater penetration in Africa. Kenya is a
hub country
JAPAN
Africa the New Frontier
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4Kenya Business Forum: Seoul Korea 7th June 2012
Kenya at a GlancePopulation
40.5 million (2010 est.)with population growthrate of 2.67 percent
Political SystemUnitary State with
Multiparty Democracy
GDP per capita
US$ 794
LanguagesSwahili and English areofficial languages.
ClimateKenya lies on both sides ofthe equator and enjoys avaried climate ranging fromtropical to temperate
Currency
KES 83 : US$ 1
(February2012)
Area
582,646 km2
GDP at current US$
US$ 32.2 billion
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Unique Kenya
Home to the 1st African woman to get a NobelPeace Prize (Hon. Wangari Maathai).
Leading exporter of horticultural products
Home to 7th new Wonder of World,Wildebeest Migration
Hosts the only UN head office in
the developing world.
Highest concentration of Olympiansin the world
Lead innovator in mobile commerceesp award winning m-pesa service
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Profitable
Kenya
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Ideal Hub to do Business in East Africa
Population 138 Million
Kenya is the Economic
Powerhouse of East Africa
Nairobi Financial Hub of the
Region Jomo Kenyatta International
Airport functions as an effective
Airhub between Africa, Europe
and Asia
Mombasa provides Sea Access toUganda, Rwanda Burundi and
South Sudan
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Ideal Hub to do Business in the Common Market for
Eastern and Southern Africa- COMESA
Member
Countries: 20
Population: 444Million
Total GDP USD360
Billion
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Agriculture
Conducive climate, abundant labour,active government support, and accessto international markets are beneficialfor agricultural development.
Fruit and vegetables:
Exports at US$ 490 million in 2010.
Vegetables: eg fresh beans, fresh
peas Fruit: mangoes and avocado.
Cut flower
Exports at US$670 million in 2010.
Roses, carnations, statice,alstromeria, lilies and hypericum.
25% of EU imports.
Supported by cold storage facilitiesand cargo flight capacity the mainstay of oureconomy
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Tourism
Kenya is naturally endowed in:-
Wildlife
Pleasant climate
Beautiful scenery
Sandy beaches
Sportsmen &women
Opportunities in :-
Accommodationprovision
Recreation and
Entertainment
home of the 7th wonder of the world
http://www.ichotelsgroup.com/h/d/ic/1/en/homehttp://www1.hilton.com/en_US/hi/index.do;jsessionid=EEBCB1445999A622213B4D05BCE6DC91.etc14 -
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I.T. Enabled Services
I.T. enabled services Call centers for both in-
bound and outbound calls
Wide range of business
outsourcing services Mobile Software
Development
Education and Training
ICT Parks
Development ofBroadband infrastructure
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Manufacturing for the Regional Market
Kenya is a prime supplier of basic goodsto the eastern and central Africanmarkets before moving into themanufacture of niche products forother markets.
Kenya is home to a number ofmultinational corporations regional
corporate and manufacturing headquarters including
Coca Cola
Wrigleys
General Electric
General Motors GlaxoSmithKline
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Wholesale & Retail
Supply chain:
Drive efficiencies through
development of producer
business groups and
large
wholesale hubs
Semi-formal retail:
Retail markets to locate
informal players and help
them grow
Formal retail:
Attract and develop largeformal retail chain through JVs &
standalone ventures
(domestic and international )
established distribution channels
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14Kenya Business Forum: Seoul Korea 7th June 2012
Financial Services
A well developed financialsector:
49 Commercial banks
4 Non-Bank Fin.Institutions
2 Mortgage financecompanies
4 Building societies
11 Insurance companies
3 Reinsurancecompanies
6 Development FinanceInstitutions (DFIs)
support trade
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15Kenya Business Forum: Seoul Korea 7th June 2012
Energy
Geothermal Estimated potential of 4,000 to 7,000MW
and only 165MW has been developed.More investments required.
Wind power
Plenty of potential to generate electricity
using wind powerRural Electrification Program
Construction of 1500 km of 132KV backbone transmission lines to support RuralElectrification Program Liquefied NaturalGas (LNG) Import Handling Terminal
Photo-Voltaic Solar Assembly facility
Bio-fuel production
Geothermal electricity generationat Hells Gate, Naivasha
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Lamu Port and Southern Sudan-Ethiopia
Transport (LAPSSET)Target of over 200,000 housing units per
year
High demand particularly in the urban
areas across the country
Nairobi Metropolitan Mass Rapid TransitProgram
Investments in infrastructure and buses
Rapid rail system
provision of light rail to ease trafficcongestion and improve efficiency oftransportation between the CentralBusiness District and other parts of themetropolitan
Parking system
Investment opportunities exist in theprovision of both space and technology thatcomplements promotion of public transport.
Infrastructure
Transformation of ThikaRoad in Nairobi to a Super
Highway
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Incentives
(100% to 150%) investment allowance
Capital goods are zero rated
Duty exemption and VAT waiver for
machinery and equipment Export Processing Zones programme
(Special Economic Zones)
10 year tax holiday
Exempt from withholding tax andstamp duty
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Kenya: Your
BusinessPartner
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Favourable Geographical Location .
Kenya is the Business Hub of the East & Central Africa
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20
Korean Companies in Kenya
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Business FriendlyEnvironment
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Kenya Vision2030
Plans andimplementation
Vision
Strategy EconomicTo maintain asustained
economic growthof 10% p.a. overthe next 22 years
SocialA just and cohesive
society enjoyingequitable social
development in aclean and secure
environment
PoliticalAn issue-based,people-centered,
result-oriented, andaccountable
democratic politicalsystem
Overall visionA globally competitive andprosperous nation with a high
quality of life by 2030
is the framework for the countrys long term economic, political and social stability
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Getting closer
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Conclusion.
According to the World Bank : Kenya is at the beginning of a major
transformation that will shape its development prospects for decades to
come,Every year, Kenyas population grows by about one million people, who are
healthier, better educated and moving to the cities. With improved urban
infrastructure and connectivity, particularly through the port of Mombasa,
Kenyas new entrepreneurs will increasingly find new paths to prosperity.
Johannes Zutt, World Bank Country Director for Kenya.
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Useful contacts
KENYA INVESTMENT AUTHORITY
P. O. Box 55704 00200,
Nairobi
Tel: +254 20 221401-4
Mobile: +254 0722205 424
+254 0733601184Fax: +254 20 243862
Email: [email protected]
Website:www.investmentkenya.com
EXPORT PROCESSING
ZONES
AUTHORITY
P.O Box 50563, 00200
Nairobi, Kenya
Tel: +254 45 6626421 - 6
Fax:+254 45 6626427
Email:[email protected]
Website:www.epzakenya.com
Kenya has a strong business support framework
mailto:[email protected]://www.investmentkenya.com/mailto:[email protected]://www.epzakenya.com/http://www.epzakenya.com/mailto:[email protected]://www.investmentkenya.com/mailto:[email protected] -
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THANK YOU