Business in Nairobi
Nairobi Affords Much Unrealistic Business Potential
Kenya has been credited for being the most improved African and Sub-Saharan country
on business competitiveness, cited for well-developed financial market and its fastest
adaptation to R&D which collaborates the business sector and research institutes that
contributes to its increased ranking in Global Competitive Index
Nairobi
has more advantages for a
business starting, thanks a lot for
macroeconomic reform that has led
to greater economic stability, and
this, together with a focus on
infrastructural development and
trade, has made the city a prime
investment destination in the region
of East Africa Community.
Kenya‘s urban population is growing
at a rate of 4.2% a year, poverty
statistics show high numbers of
people living on less than Ksh2 913 a
person per month in urban areas
and Ksh1 562 in rural areas and
Nairobi, 22% of the population falls
below this low income rate. With the
records of 2009 National Census
indicated
Nairobi having a
population of 3,138,369 whose
68.5% are age group between 15
years of age to 64 years and the
30.3% of population falls between
0 age to 14 age group.
All of these population groups are
consumers whether directly or
indirectly, and any business dealing
with
supplement of commodit