Who Owns Whom

Kenya

Country Code: 404

ISO2 Code: KE

ISO3 Code: KEN

Country Economic Snapshot

2019-07-18

Kenya's real GDP grew an estimated 5.9% in 2018, from 4.9% in 2017, and is expected to grow at 6% in 2019 and slightly more in 2020, according to African Development Bank forecasts.

But 2019 started off relatively poorly, with first quarter growth of 5.6% being below expectations, and well below the 6.5% recorded in the same quarter last year. The Kenya National Bureau of Statistics said this reflected a slowdown in agricultural activities due to dry weather.

While the country remains somewhat subject to the vagaries of weather conditions and other external factors such as exchange rates, in line with its African peers, Kenya remains committed to president Uhuru Kenyatta's Big Four agenda - his grand plan focused on manufacturing, affordable housing, universal health coverage and food and nutrition security, to boost economic growth to over 7% a year.

The African Development Bank highlighted a few problems in the economy, including the public debt-to-GDP ratio, that has increased considerably over the past five years, although the current account deficit narrowed to 5.8% of GDP in 2018 from 6.7% in 2017 due to increased manufacturing exports, which helped improve the trade balance.

While economic growth remains relatively strong, Kenya faces the continent-wide problem of inadequate infrastructure, income inequality and high unemployment, although The African Development Bank points out that Kenya's population in extreme poverty has progressively declined from 46% in 2006 to 36% in 2016.

Africa Report said inflation was a concern for Kenya, as recent inflation figures of 6.58% were the highest in 19 months. It said that while government talks about austerity and financial responsibility, its own spending continues apace with Kenyan legislators, “already among the best paid in the world", backdating their housing allowance to August last year.

The recent Budget also showed increased allocations to the presidency, the military "and some of the same administrations that have recently been riddled with corruption and wasteful spending".

The African Development Bank said Kenya has a strategic geographic location with sea access, opportunities for private investors, and the development of oil, gas and coal.

While the bulk of the recently announced Budget is allocated to infrastructure projects, Kenya continues to have an infrastructure deficit, and development continues to be met with challenges. Last month Kenya was forced to halt the development of its first coal power project following a court order on environmental concerns.

Moody's Investor Service said Kenya has improved the electricity access rate to around 75% in 2018 from 36% in 2014, the highest in East Africa, while more than 7,000km of paved roads were added between 2014 and 2018.

The country has an ongoing infrastructure financing gap and is asking pension funds in South Africa, the United States and the United Kingdom to invest in infrastructure, real estate and affordable housing.

Info

Capital Nairobi
Currency (Name, Abbreviation, Symbol) Kenyan shilling , KES , KSh
Area 580,367 sq km
Type of Government presidential republic
Languages English (official), Kiswahili (official), numerous indigenous languages
Natural Resources limestone, soda ash, salt, gemstones, fluorspar, zinc, diatomite, gypsum, wildlife, hydropower
Type of Industry small-scale consumer goods (plastic, furniture, batteries, textiles, clothing, soap, cigarettes, flour), agricultural products, horticulture, oil refining; aluminum, steel, lead; cement, commercial ship repair, tourism
Stock Exchange Nairobi Stock Exchange
Stock Exchange Location Nairobi
Stock Exchange Founded 1954
Tax Rate: Corporate 30%
Tax Rate: Individual 30%
Natural Resources limestone, soda ash, salt, gemstones, fluorspar, zinc, diatomite, gypsum, wildlife, hydropower

Latest available information as sourced from:

African Markets

Trading Economics

Economy Watch

The World Fact Book

KPMG Tax Tables

Company Profile

There is no data available at the moment

Sector Research

[4] Communication, Media & Technology (CMT)

5458, The Telecommunications Industry in Kenya , (2022-03-16), Kenya, 75200 4786, The Telecommunications Industry in Kenya, (2019-10-11), Kenya, 75200 4473, The Telecommunications Industry in Kenya, (2016-11-30), Kenya, 75200 3021, The Telecommunications Industry in Kenya, (2014-07-28), Kenya, 75200

[5] Construction

4873, The Construction Industry in Kenya, (2020-09-15), Kenya, 502 4490, The Construction Industry in Kenya, (2017-03-15), Kenya, 502 3148, The Infrastructure Industry in Kenya, (2015-06-22), Kenya, 502 3075, The Infrastructure Industry in Kenya, (2015-03-09), Kenya, 502 3009, The Infrastructure Industry in Kenya, (2014-05-29), Kenya, 502

[3] Energy & Water

5324, The Petroleum Industry in Kenya, (2021-06-30), Kenya, 33210; 33230; 33240; 33290; 61410 4727, The Kenyan Petroleum Industry , (2019-03-25), Kenya, 33210; 33230; 33240; 33290; 61410 4520, The Kenyan Petroleum Industry, (2017-07-17), Kenya, 33210; 33230; 33240; 33290; 61410

[3] Financial Institutions

5438, The Banking Industry in Kenya , (2021-11-18), Kenya, 81110; 81121; 81910; 81920 4794, The Banking Industry in Kenya, (2019-11-13), Kenya, 81110; 81121; 81910; 81920 4562, The Banking Sector in Kenya, (2018-01-12), Kenya, 81110; 81121; 81910; 81920

[1] Financial Institutions; Real Estate

4916, Real Estate Activities in Kenya, (2020-10-30), Kenya, 81990; 84110; 84120; 84210

[1] Food & Beverage

3263, Wholesale and Retail of Food in Kenya, (2016-03-08), Kenya, 61221; 62110

Sector Research

CompanyName Stock Exchange Listed Date Ticker Code Country Status
Absa Bank Kenya PLC Nairobi Stock Exchange 1986-00-00 ABK Kenya Active
Bamburi Cement PLC Nairobi Stock Exchange BBK Kenya Active
BOC Kenya PLC Nairobi Stock Exchange BOC Kenya Active
Britam Holdings PLC Nairobi Stock Exchange BRIT Kenya Active
British American Tobacco Kenya PLC Nairobi Stock Exchange BAT Kenya Active
Car & General (Kenya) PLC Nairobi Stock Exchange LT Kenya Active
Carbacid Investments PLC Nairobi Stock Exchange CARB Kenya Active
Centum Investment Company PLC Nairobi Stock Exchange ICDF Kenya Active
CIC Insurance Group Ltd Nairobi Stock Exchange CIC Kenya Active
Co-operative Bank of Kenya Ltd (The) Nairobi Stock Exchange 2008-12-22 COOP Kenya Active
Crown Paints Kenya PLC Nairobi Stock Exchange 1992-00-00 CRWN Kenya Active
Deacons (East Africa) PLC Nairobi Stock Exchange 2016-08-02 DCEA Kenya Suspended
Diamond Trust Bank Kenya Ltd Nairobi Stock Exchange DTK Kenya Active
Eaagads Ltd Nairobi Stock Exchange EGAD Kenya Active
East African Breweries Ltd Nairobi Stock Exchange EABL Kenya Active
East African Cables PLC Nairobi Stock Exchange 1973-00-00 CABL Kenya Active
East African Portland Cement PLC Nairobi Stock Exchange PORT Kenya Active
Equity Group Holdings PLC Nairobi Stock Exchange 2006-00-00 EQTY Kenya Active
Eveready East Africa PLC Nairobi Stock Exchange EVRD Kenya Active
Express Kenya PLC Nairobi Stock Exchange XPRS Kenya Active
Flame Tree Group Holdings Ltd Nairobi Stock Exchange 2014-11-06 FTG Kenya Active
HF Group PLC Nairobi Stock Exchange HFCK Kenya Active
Home Afrika Ltd Nairobi Stock Exchange 2013-07-15 HAFR Kenya Active
Homeboyz Entertainment PLC Nairobi Stock Exchange 2020-12-20 HEL Kenya Active
I&M Holdings PLC Nairobi Stock Exchange 1950-00-00 I&M Kenya Active
ILAM Fahari I-REIT Nairobi Stock Exchange 2015-11-26 Stanlib I-REIT Kenya Active
Jubilee Holdings Ltd Nairobi Stock Exchange 1973-00-00 JHL Kenya Active
Kakuzi PLC Nairobi Stock Exchange KUKZ Kenya Active
Kapchorua Tea Kenya PLC Nairobi Stock Exchange KAPC Kenya Active
KCB Group PLC Nairobi Stock Exchange KCB Kenya Active
Kenya Airways PLC Nairobi Stock Exchange KQ Kenya Suspended
Kenya Electricity Generating Company PLC Nairobi Stock Exchange 2006-05-17 KEGC Kenya Active
Kenya Orchards PLC Nairobi Stock Exchange ORCH Kenya Active
Kenya Power and Lighting Company Ltd Nairobi Stock Exchange KPLC Kenya Active
Kenya Reinsurance Corporation Ltd Nairobi Stock Exchange KNRE Kenya Active
Kurwitu Ventures Ltd Nairobi Stock Exchange 2014-11-13 KUR Kenya Active
Liberty Kenya Holdings PLC Nairobi Stock Exchange 2011-04-21 LKHL Kenya Active
Limuru Tea PLC Nairobi Stock Exchange LIMT Kenya Active
Longhorn Publishers PLC Nairobi Stock Exchange 2012-05-20 LKL Kenya Active
Mumias Sugar Company Ltd Nairobi Stock Exchange 2001-00-00 MSCL Kenya Suspended
Nairobi Business Ventures PLC Nairobi Stock Exchange 2016-06-03 NBV Kenya Suspended
Nairobi Securities Exchange PLC Nairobi Stock Exchange 2014-09-09 NSE Kenya Active
Nation Media Group PLC Nairobi Stock Exchange 1976-00-00 NMG Kenya Active
NCBA Group PLC Nairobi Stock Exchange 2019-10-26 NCBA Kenya Active
Olympia Capital Holdings Ltd Nairobi Stock Exchange OCH Kenya Active
Safaricom PLC Nairobi Stock Exchange 2002-05-16 SCOM Kenya Active
Sameer Africa PLC Nairobi Stock Exchange 1995-07-01 FIRE Kenya Active
Sanlam Kenya PLC Nairobi Stock Exchange 1963-00-00 PAIC Kenya Active
Sasini PLC Nairobi Stock Exchange SASN Kenya Active
Stanbic Holdings PLC Nairobi Stock Exchange CFC Kenya Active
Standard Chartered Bank Kenya Ltd Nairobi Stock Exchange SCBK Kenya Active
Standard Group PLC Nairobi Stock Exchange SGL Kenya Active
TotalEnergies Marketing Kenya PLC Nairobi Stock Exchange 1988-00-00 TOTL Kenya Active
TPS Eastern Africa PLC Nairobi Stock Exchange 1997-00-00 TPSE Kenya Active
TransCentury PLC Nairobi Stock Exchange 2009-00-00 TCL Kenya Active
Uchumi Supermarkets PLC Nairobi Stock Exchange 2011-05-31 UCHM Kenya Active
Unga Group PLC Nairobi Stock Exchange UNGA Kenya Active
Williamson Tea Kenya PLC Nairobi Stock Exchange WTK Kenya Active
WPP Scangroup PLC Nairobi Stock Exchange 1996-00-00 SCAN Kenya Active

Top Kenya Reports