Central Africa
Nairobi – The Business Hub Of Africa
The city having grown around its CBD, Central Business District, Nairobi’s business contributes considerably to the country’s overall economy.Many of the leading Corporations, which have large businesses in the country, also tend to have their headquarters stationed at Nairobi.This is especially the case for international companies and multi -national organizations. Examples include the world wide popular soft drink company coca-cola and auto mobile company General motors.
Moreover, Nairobi has a more liberal market as compared to East Africa in general, and the better access to infrastructure makes it a more favorable location for the Companies.This can be attributed to government efforts in the form of policies which are aimed at stimulating the city’s economic growth by encouraging both its citizens and foreign nationals to invest in businesses within the city.The city also has modern skyline buildings and access to enhanced technology along with an employee pool consisting of well educated and high skill professionals.The businesses located in Nairobi almost contribute to 60 percent of the total GDP of Kenya.
Most of the businesses within Nairobi function through Monday to Friday, making it a 5-day week, and in general office timings are from 8 to 5.The industry in the region not only include the agriculture and poultry related outlets which provide canned food, maize meals and both dairy and poultry products, but it also includes horticultural products like flowers, other things like coffee trading and products made from steel and plastic as well.
The Nairobi stock exchange conducts auctions for coffee products weekly.BPO’s, Kenya Business Process Outsourcing, make up the latest industry to enter the Nairobi market. 59.2 percent is the amount that the service industry is said to contribute to the country’s economy as compared to that from the agricultural industry which is at 24 percent.However, the country lacks manufacturing industries which can provide a solid thrust to the economy.
One of the important contributors to the city’s business is the jua kali sector.It comprises of various artisans who deal in fabricated materials and other craft items that form an important parts of the city’s business.The Muthurwa, Gikomba, City market and Maasai markets comprising of small scale businesses also contribute to the number of Nairobi businesses.If you are in a hurry, visit Kenya business directory to see a bigger breakdown of individual businesses listings by different sectors.
The Nairobi National park is famous not only as a business park, but also as a place for tourism.Nairobi is said to be the only city world over with a park within the city’s environs.It also contributes to the hospitality industry which is one of the most important sectors in Nairobi with thousands of people employed in it.
Local and international banks are housed within the city providing banking to the city residents and the rest of Kenya.Barclays bank, Standard Chattered bank and CFC Stanbic banks are some of the multinational banks that have branches in Nairobi, and there are also various local banks like Equity and Co-operative Bank, which provide banking services.Kenya boasts of a presence of 47 banks in the country, and some of these banks also provide the users with the access to 24-hour Automated Teller Services.
The Nairobi stock exchange, which offers listings to a large number of Companies for trading is also one of the leading security exchange in both East Africa and Central Africa.
Real Estate also forms one of the booming industries in the city’s businesses.One can buy properties by looking at the properties for sale in Kenya and then following the legal steps to buy or lease that property.
Owing to the large industrial presence, Nairobi is not only an important business hub for Kenya, but also equally important to East Africa in general.An exhibit of businesses and industries with their services and products are usually show cased during the Nairobi Trade show every year. Other sectors worth mentioning are wedding planners in Kenya among others.
The Polyphonic Singing of the Aka Pygmies of Central Africa
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