Kenya is a country in East Africa with a coastline on the Indian Ocean. It has borders in the north with South Sudan and Ethiopia, to the east with Somalia and the Indian Ocean, to the south with Tanzania, and to the west with Lake Victoria and Uganda.
In 2019, Kenya had a Gross Domestic Product (GDP) of 95.5 billion USD and was projected to grow 5.7% in 2022.
Here are the shares of the economic sectors in the GDP of Kenya as of 2019
Here are main trading partners of the country:
Kenya hasn’t been the leading country in the mining industry. However, it is gradually bringing on a change and focusing on mineral exploration.Mineral resources in Kenya include gold, iron ore, talc, soda ash, rare earth minerals, and gemstones. Gold is mainly restricted to the westernmost part of the country, while areas around Mobsasa host limestone, niobium, iron ore, rocks, and salt.
CIn recent years, the mining industry has only amounted to a 1% share in the country’s GDP. However, the forecast presumes a 10% increase by 2023<./p>
Due to the new strategies applied to focus on the new mines and make mining more profitable for local and foreign investors, and increasing miners’ pay, this indicates a significant shift in the country’s priorities, leaving room for opportunities. <./p>
Camamach can help you exploit the opportunities by providing good quality equipment for mining to be involved in this significant change.
The construction sector is expected to develop further in the country since Infrastructure development is a central pillar of Kenya's Vision 2030.
Kenya’s construction industry contributes 6.36% to GDP in 2019. The local construction industry will expand by 8.7% and will remain stable until 2026, with an average growth rate of 6.2%.
The government is carrying out several projects such as construction work of railways, building oil terminals, and private and nonprivate residential buildings.
The government was supposed to carry out comprehensive infrastructure development programs; however, since the coronavirus outbreak, the plan has slowed down and is still under process.
To tag in the development projects, Camamach has high-quality construction equipment for you.
Kenya is accessible through both land and sea. Its main seaports are:
Camamach uses the port of Shimoni for imports.
Both mining and construction industries hold decisive potential for the for economy. Some imports for these industries include Heavy Duty Trucks, Backhoe Loaders, Concrete Batching Plants, Grinding Equipment, Bulldozers etc.
IThe importer will enlist a clearing agent who will process the import documentation through Kenya Customs. An import declaration fee is to be paid, and a pre-shipment inspection is carried out. Only licensed companies are allowed to conduct business.
The import documentation for Maritime shipments include:
Camamach has been exporting equipment in Kenya for years. Feel free to contact us at [email protected] or WhatsApp us at +86-131-2037-9271 for a FREE quotation. We also ship worldwide; for other countries, check out our experience here.