Kenya Geography, Culture, and Economy

Kenya is an East African nation positioned along the Indian Ocean and surrounded by Somalia, Uganda, South Sudan, Tanzania, and Ethiopia. Kenya shares part of Lake Victoria with Uganda and Tanzania, making that area a great port of East African trade and a thriving fishing harbor. The population density in Kenya is sparse in the eastern region and dense around the central region, urban centers, coastal areas as well as the western region around Lake Victoria. The county has 42 tribes, with the largest of them being Kikuyu, Luhya, Luo, and Kalenjin. English and Kiswahili are the official languages and Christianity accounts for 83 percent of people’s practiced religion and Islam 11 percent.

GDP growth in 2016 was 5.8% and was largely driven by services and industry, rather than by agriculture. Major economic sectors are real estate, transport, storage, construction, and manufacturing. Political uncertainties from the 2017 general elections, among other issues, may have caused a decline in the most recent growth rate to 5 percent.

Public Holidays

2021
April 2	Good Friday
April 5	Easter Monday
May 1	Labour Day/May Day
May 14	Eid al-Fitr
June 1	Madaraka Day
October 10	Huduma Day
October 11	Huduma Day observed
October 20	Mashujaa Day
December 12	Jamhuri Day
December 13	Jamhuri Day observed
December 25	Christmas Day
December 26	Boxing Day

Legal Entity Types

Limited Liability
Corporation
Partnership

Taxation

Corporate Tax: 30%
Income Tax (Lowest Marginal Rate): 10%
Income Tax (Highest Marginal Rate): 30% (for citizens), 35% (for non-citizens)
VAT/GST/Sales Tax: 16% (standard rate), 12% (electricity and fuel), 0% (food)

Available Banks

ABC Bank (Kenya) (Commercial Bank)
Bank of Africa (Kenya) (Commercial Bank)
Bank of Baroda (Commercial Bank)
Bank of India (Commercial Bank)
Barclays Bank (Kenya) (Commercial Bank)
CfC Stanbic Holdings (Commercial Bank)
Chase Bank (Kenya) (Commercial Bank)
Citibank (Commercial Bank)
Commercial Bank of Africa (Commercial Bank)
Consolidated Bank of Kenya (Commercial Bank)
Cooperative Bank of Kenya (Commercial Bank)
Credit Bank (Commercial Bank)
Development Bank of Kenya (Commercial Bank)
Diamond Trust Bank (Commercial Bank)
Dubai Bank Kenya (Commercial Bank)
Ecobank Transnational (Commercial Bank)
Equatorial Commercial Bank (Commercial Bank)
Equity Bank (Commercial Bank)
Family Bank (Commercial Bank)
Fidelity Commercial Bank Limited (Commercial Bank)
First Community Bank (Commercial Bank)
Giro Commercial Bank (Commercial Bank)
Guaranty Trust Bank (Kenya) (Commercial Bank)
Guardian Bank (Commercial Bank)
Gulf African Bank (Commercial Bank)
Bank AL Habib (Commercial Bank)
Habib Bank AG Zurich (Commercial Bank)
Housing Finance Company of Kenya (Commercial Bank)
I&M Bank (Commercial Bank)
Imperial Bank Kenya (Commercial Bank)
Jamii Bora Bank (Commercial Bank)
K-Rep Bank (Commercial Bank)
Kenya Commercial Bank (Commercial Bank)
Middle East Bank Kenya (Commercial Bank)
National Bank of Kenya (Commercial Bank)
NIC Bank (Commercial Bank)
Oriental Commercial Bank (Commercial Bank)
Paramount Universal Bank (Commercial Bank)
Prime Bank (Kenya) (Commercial Bank)
Standard Chartered Kenya (Commercial Bank)
Trans National Bank Kenya (Commercial Bank)
United Bank for Africa (Commercial Bank)
Victoria Commercial Bank (Commercial Bank)
Bank of China (Foreign Bank)
Bank of Kigali (Foreign Bank)
Central Bank of India (Foreign Bank)
FirstRand Bank (Foreign Bank)
HDFC Bank (Foreign Bank)
Hong Kong and Shanghai Banking Corporation (Foreign Bank)
Nedbank (Foreign Bank)

Need more information about Kenya?

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Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.