Table of contents
1.4.BACKGROUND OF KENYA’S ECONOMY (1960-2010)5
2.2.THE POLITICAL BALANCE OF POWER9
2.3.PRESENT GOVERNMENT AND HIS ATTITUDES AND PROGRAMS9
2.4.POLITICAL STABILITY IN KENYA10
3.CRITERIA RELATED TO DOMESTIC ECONOMY11
3.3.MOST IMPORTANT SECTORS AND PRODUCTS12
3.5.THE GROWTH OF THE POPULATION14
4.CRITERIA RELATED TO FOREIGN ECONOMY15
4.3.THE IMBALANCE IN TRADING19
4.5.KENYAN MONETARY POLICY21
4.6.KENYAN’S DEBT SITUATION21
Kenya covers an area of 582,646 square kilometers.
The land stretches from the sea level (Indian Ocean) in the east, to 5,199 meters at the peak of the snow-capped Mount Kenya. From the coast, the altitude changes gradually through the coastal belt and plains (below 152 meters above sea level), the dry intermediate low belt to what is known as the Kenya Highlands (over 900 meters above sea level).
The monotony of terrain in the low belt is broken by residual hills, masses of broken boulders and inselbergs. Settlement is confined to places where water can be found. Wildlife are masters of the greater part of the low belt. The famous Amboseli Game Reserve and Tsavo National Parks are situated here.
The Great Rift Valley bisects the Kenya Highlands into east and west. Mount Kenya is on the eastern side. The Highlands are cool and agriculturally rich. Both large and small holder farming is carried out in the highlands.
The Lake Victoria Basin is dominated by Kano plains which are suited for farming through irrigation. The northern part of Kenya is plain and arid. However, a variety of food crops do well through irrigation. Kenya is located approximately 8-10 hours flying time from major European cities, and about 16-20 hours flying time from North American cities.
Kenya enjoys a tropical climate. It is hot and humid at the coast, temperate inland and very dry in the north and northeast parts of the country.
The average annual temperature for the coastal town of Mombasa (altitude 17 meters) is 30.30 Celsius maximum and 22.40 Celsius minimum, the capital city, Nairobi (altitude 1,661 meters) 25.20 Celsius maximum and 13.60 Celsius minimum, Eldoret (altitude 3,085) 23.60 Celsius maximum and 9.50 Celsius minimum, Lodwar (altitude) 506 meters) and the drier north plain lands 34.80 Celsius maximum and 23.70 Celsius minimum. There is plenty of sunshine all the year round and summer clothes are worn throughout the year. However, it is usually cool at night and early in the morning.
The long rains occur from April to June and short rains from October to December. The rain-fall is sometimes heavy and when it does come it often falls in the afternoons and evenings. The hottest period is from February to March and coldest in July to August. The annual migration of wildlife between Serengeti National Park in Tanzania and Maasai Mara National Park in Kenya takes place between June and September. The migration of almost two million wildebeest, zebras and other species is nature's greatest spectacle on earth.
Kenya’s population has rapidly increased over the past several decades, and consequently it is relatively young. Some 73% of Kenyans are under 30. In 50 years, Kenya’s population has grown from 7 million to 43 million. Kenya is a country of great ethnic diversity. Most Kenyans are bilingual in English and Swahili.
Kenya has a very diverse population that includes three of Africa's major sociolinguistic groups: Bantu (67%), Nilotic (30%), and Cushitic (3%). Kenyans are deeply religious. About 80% of...