Problems in Kenya

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Business Proposition for Kenya
Business Proposition for Kenya

Brian Luster
11/29/2012
BUSA 3000
Dakhli, Mourad

Brian Luster
11/29/2012
BUSA 3000
Dakhli, Mourad

Kenya is a developing country on the continent of South Africa neighboring the countries of Uganda, Ethiopia, South Sudan, Tanzania, and Somalia. Its economy is currently struggling and therefore conducting international business will enable it to become a more stable economy. Kenya lacks resources in its own country to successfully be able to advance without the aid of others. The country has struggled with agriculture, electricity, and water, but newer issues continue to arise as old ones are remedied, and Kenya must become more involved in international business in order to further develop as an individual country. According to The World Factbook Kenya was lead to independence and founded in 1963 as a republican country. After the elimination of the role of prime ministers in Kenya, Mwai Kibaki rose to presidency in 2010. Kenya has thus far managed to obtain a GDP of 71.4 billion dollars and a per capita GDP of 1,746 with its agricultural based economy as it attempts to adopt more of a western-based economy and grow through international business. Kenya’s current population as of July 2012 is 43,013,341, with its territory ranging approximately 580,367 square kilometers measuring about the size twice that of Nevada. The population speaks a majority of the Kiswahili language as well as adopting the English language as an official language. Most of the Kenyan society follows a protestant religion but law isn’t religious based, as they are currently developing a common law system. Kenya operates under its home countries currency the Kenyan shillings with each unit worth currently 81.8 percent of the U.S. dollar .Its primary exports are agricultural products including: tea, coffee, and corn. However, the country is growing into a more industrialized economy centered on oil refining,...
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