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Inflation. 5.1%. Source. Kenya National Bureau of Statistics, as of June 2010. The shilling ( Swahili: shilingi; abbreviation: KSh; ISO code: KES) is the currency of Kenya. It is divided into 100 cents. The Central Bank of Kenya Act cap 491, mandated the printing and minting of the Kenyan shilling currency.
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. Major industries within the Kenyan market include financial services ...
Imperial Bank Kenya (In receivership) [22] Kingdom Bank Limited. Kenya Commercial Bank. Mayfair Bank [23] [24] Middle East Bank Kenya. M Oriental Bank. National Bank of Kenya. NCBA Bank Kenya [25] Paramount Universal Bank.
The real estate sector in Kenya has seen a boom that began somewhere in the mid to late 2000s because the property market is responding to increased demand.. In Nairobi, the capital and largest city of Kenya, there is one of the largest expatriate communities in the continent due to the significant number of multinationals who have chosen Nairobi as either their African hub or East and Central ...
In July 2016, the route to Livingstone, Zambia was extended to Cape Town, South Africa. [10] As at July 2016, Kenya Airways served 54 destinations, 44 of them in Africa. [11] In October 2018, Kenya Airways became the fifth African airline to serve the US market when a route to New York–JFK was inaugurated. [12]
The Common Market for Eastern and Southern Africa ( COMESA) is a regional economic community in Africa with twenty-one member states stretching from Tunisia to Eswatini. COMESA was formed in December 1994, replacing a Preferential Trade Area which had existed since 1981. Nine of the member states formed a free trade area in 2000 ( Djibouti ...
Jambonet, an important Kenyan ISP, is a subsidiary of Telkom Kenya. It also offers mobile GSM voice and high speed internet services under the Orange Kenya brand, in which it is the 3rd in market share after Safaricom and Airtel Kenya. In 2018, it was announced that Airtel Kenya was considering a merger with Telkom Kenya. In March 2018, the ...
It was a predecessor to the Republic of Kenya. When British Kenya became independent on 12 December 1963, Elizabeth II remained head of state as Queen of Kenya (and of the United Kingdom and many former colonies). The monarch's constitutional roles were mostly delegated to the Governor-General of Kenya, Malcolm John Macdonald.