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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.
With a GNI of 1,840, Kenya is a lower-middle-income economy. Kenya's economy is the second largest in eastern and central Africa, after Ethiopia, with Nairobi serving as a major regional commercial hub. Agriculture is the largest sector; tea and coffee are traditional cash crops, while fresh flowers are a fast-growing export.
Current events; Random article; About Wikipedia; ... Kenya: 104.001 1,983.099 8 ... Economy of Africa totals to an absolutely humongous amount! 26 7 658 070 (rounded ...
Kenya is a upper-middle income economy as of 2024 , with kenya's GDP 2024 hitting [[204.6B $]]. This is Due to increasing technology innovation Services. Although Kenya's economy is the largest and most developed in eastern and Central Africa, 16.1% (2023/2024) of its population lives below the international poverty line.
Agriculture in Kenya. Potatoes harvested from a Kenyan farm. Agriculture in Kenya dominates Kenya's economy. 15–17 percent of Kenya's total land area has sufficient fertility and rainfall to be farmed, and 7–8 percent can be classified as first-class land. [1] [2] In 2006, almost 75 percent of working Kenyans made their living by farming ...
With a population of 48.5 million people, Kenya is the largest economy in East and Central Africa, and serves as a diplomatic, communications, financial and trade hub within the region. [33] [34] Economic damage caused by climate variability and extreme weather may equate to 2.6% of GDP by 2030.
The Central Bank of Kenya (CBK) (Swahili: Banki Kuu ya Kenya) is the monetary authority of Kenya. Its head office is located in Nairobi. CBK was founded by in 1966 after the dissolution of East African Currency Board (EACB). Dr. Kamau Thugge, CBS is the current Governor and Dr. Susan Koech is the Deputy Governor.
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]