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Kenya is East Africa’s largest economy with a GDP of USD146 billion and considered the flagship of the region while boasting a prominent profile. According to the World Bank, GDP growth is expected to reach 5.4% for the year, aided in large part by sustained public sector capital spending.
The country has a strong private sector and received encouraging signs of new oil, gas and water reserves, which if harnessed appropriately bode well for future growth. Kenya covers 581,309 km2 (224,445 sq mi), and has a population of approximately 45 million people, with over 40% of the population under the age of 15, Kenya stands to benefit from a significant demographic dividend, provided that sufficient jobs can be found when this population enters the workforce.
Kenya currently has a diversified group of trade partners, with strong ties to Asia, Europe and Africa. Appropriately for a country that is looking to position itself as a gateway to the continent, roughly 45% of its exports by value go to other African nations. Of this, the majority of Kenya’s Africa-bound goods go to fellow East African nations.
Nairobi is the main commercial and cultural center for East Africa. As one of Africa's leading cities, it hosts important international conferences and is the home for many embassies, international organisations, and businesses.The Nairobi Securities Exchange (NSE) is one of the largest in Africa and the second-oldest exchange on the continent. It is Africa's fourth-largest exchange in terms of trading volume, capable of making 10 million trades a day.