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The economy of Kenya is market-based with a few state enterprises. Kenya has an emerging market and is an averagely industrialised nation ahead of its East African peers. Currently a lower middle income nation, Kenya plans to be a newly industrialised nation by 2030. The major industries driving the Kenyan economy include financial services ...
Countries fall into four broad categories based on their HDI: very high, high, medium, and low human development. Currently, Seychelles is the only African country that falls into the very high human development category. Somalia has the lowest HDI in both Africa and the world according to the list.
Kenya, officially the Republic of Kenya ( Swahili: Jamhuri ya Kenya ), is a country in East Africa. With a population of more than 47.6 million in the 2019 census, [12] Kenya is the 28th-most-populous country in the world [7] and 7th most populous in Africa. Kenya's capital and largest city is Nairobi, while its oldest and second-largest city ...
Developing country. A developing country is a sovereign state with a less developed industrial base and a lower Human Development Index (HDI) relative to other countries. [3] However, this definition is not universally agreed upon. There is also no clear agreement on which countries fit this category.
A part of Eastern Africa, the territory of what is known as Kenya has seen human habitation since the beginning of the Lower Paleolithic. The Bantu expansion from a West African centre of dispersal reached the area by the 1st millennium AD. With the borders of the modern state at the crossroads of the Bantu, Nilo-Saharan and Afro-Asiatic ethno ...
t. e. Kenya Vision 2030 ( Swahili: Ruwaza ya Kenya 2030) is a Kenyan development program, aiming to raise the average standard of living in Kenya to middle income by 2030. It was launched on 10 June 2008 by President Mwai Kibaki. [1] [2] [3] Developed through "an all-inclusive and participatory stakeholder consultative process, involving ...
The economy of Africa consists of the trade, industry, agriculture, and human resources of the continent. As of 2019, approximately 1.3 billion people [11] were living in 53 countries in Africa. Africa is a resource-rich continent. [12] [13] Recent growth has been due to growth in sales, commodities, services, and manufacturing. [14]
The African Development Bank Group ( AfDB) or Banque Africaine de Développement ( BAD) is a multilateral development finance institution headquartered in Abidjan, Ivory Coast, since September 2014. [1] [2] The AfDB is a financial provider to African governments and private companies investing in the regional member countries (RMC).