The country of Kenya is known for being the center of commercial transactions in East Africa. It is a market-based economy with several fast-growing industries. Reports from World Bank in 2017 has stated that the country has witnessed a 4.9% economic growth.
Given the country’s rapid development, foreign investors have recently taken notice of Kenya’s potential in business and trade. In turn, expect these growing industries to increase demand in labor for the foreseeable future. So if you’re still somewhat undecided about which sustainable career path will ensure stability and ample work opportunities, then you might want to consider learning more about the following top industries in Kenya.
Mobile technological developments are taking flight as more brands are able to penetrate the Kenyan market. Meanwhile, improvements in the digital finance industry can be seen, as internet access through 4G and LTE services have become stronger and more accessible to the general public.
Kenya’s agricultural industry is comprised of both crop and livestock. Regarded as the country’s economic foundation and bedrock, Kenyan agriculture accounts for 35% of the Kenyan Gross Domestic Product (GDP). In turn, the industry is consistent and ever-growing in terms of labor demand. In fact, 70% of Kenyan laborers have made extra income through various agricultural activities.
Construction in Kenya has experienced a 7.4% hike in growth as of 2017. This growth is attributed to the impressive public infrastructural investments carried out by the Kenyan government, such as the construction of more railways and roads. Furthermore, the industry also cuts across improvements in energy production, upgrading of airports, ports amongst other public facilities.
For the past two decades, the Kenyan real estate market has grown exponentially as evidenced by its contribution to the country’s GDP which grew from 10.5% in 2000 to 12.6% in 2012 and 13.8% in 2016. These factors have therefore led to the development of unique trends across the various real estate themes, as investors sought to gain high returns and buyers sought aspirational lifestyles and quality products.
Given the fact that the Kenyan capital, Nairobi is the largest city between the Egyptian capital, Cairo and Johannesburg in South Africa, it serves as the heart of transportation of Eastern and Central Africa. A key player in travel and economy, transportation is steadily-growing, given the technological advancements experienced by the country.
brought to you by Scholarships for Africans
Scholarships for Africans is a premier scholarship information blog committed to bringing more opportunities for Africans globally. They are part of the African Scholar Initiative, powered by Scholarship Hippo.