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Buyer Seller Meet Nairobi, Kenya

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Buyer Seller Meet Nairobi, Kenya REPORT BUYER SELLER MEET NAIROBI, KENYA 15TH FEBRUARY, 2019 HOTEL INTER CONTINENTAL, CITY HALL WAY, NAIROBI, KENYA BASIC CHEMICALS, COSMETICS & DYES EXPORT PROMOTION COUNCIL 4th Floor, Jhansi Castle 7, Cooperage Road, Mumbai- 400 001 Phone No. +91-22-22021288 Fax No. +91 -22-22026684 Email – [email protected] Website: http://chemexcil.in 2 INDEX S n CONTENTS PAGE NO 1. COUNTRY FACT SHEET – KENYA 3-11 INDIA-KENYA BILATERAL RELATIONS AND 12-13 2. BILATERAL TRADE BETWEEN INDIA AND KENYA 3. CHEMEXCIL’S COMMODITY WISE EXPORT TO 14 KENYA 4. GROUPWISE EXPORTS TO KENYA (CHEMEXCIL’S TOP TEN PRODUCTS FOR LAST THREE 15-18 YEARS) 5. DETAILS OF PARTICIPANTS 19-23 6. PROGRAM OF BUYER SELLER MEET 24 7. BUYER SELLER MEET AT A GLANCE 25-26 (BRIEF REPORT) 8. LIST OF ATTENDEES 27-32 9. PHOTOGRAPHS 33-36 REPORT : BUYER SELLER MEET NAIROBI, KENYA : 15TH FEBRUARY 2019 Page 2 FACT SHEET- KENYA Background: Country name: Conventional long form: Republic of Kenya Conventional short form: Kenya Etymology: Named for Mount Kenya; the meaning of the name is unclear but may derive from the Kikuyu, Embu, and Kamba words "kirinyaga," "kirenyaa," and "kiinyaa" - all of which mean "God's resting place" Capital : Nairobi Government type: presidential republic National Flag : Three equal horizontal bands of black (top), red, and green; the red band is edged in white; a large Maasai warrior's shield covering crossed spears is superimposed at the center; black symbolizes the majority population, red the blood shed in the struggle for freedom, green stands for natural wealth, and white for peace; the shield and crossed spears symbolize the defense of freedom National Symbol(s): Lion; national colors: black, red, green, white REPORT : BUYER SELLER MEET NAIROBI, KENYA : 15TH FEBRUARY 2019 Page 3 National Anthem: Name: "Ee Mungu Nguvu Yetu" (Oh God of All Creation) Lyrics/music: Graham HYSLOP, Thomas KALUME, Peter KIBUKOSYA, Washington OMONDI, and George W. SENOGA-ZAKE/traditional, adapted by Graham HYSLOP, Thomas KALUME, Peter KIBUKOSYA, Washington OMONDI, and George W. SENOGA-ZAKE Note: adopted 1963; based on a traditional Kenyan folk song Independence: 12 December 1963 (from the UK) National Holiday: Freedom Day, 27 April (1994) Constitution: History: previous 1963, 1969; latest drafted 6 May 2010, passed by referendum 4 August 2010, promulgated 27 August 2010 Amendments: proposed by either house of Parliament or by petition of at least one million eligible voters; passage of amendments by Parliament requires approval by at least two - thirds majority vote of both houses in each of two readings, approval in a referendum by majority of votes cast by at least 20% participation of eligible vot ers in at least one-half of Kenya‟s counties, and approval by the president; passage of amendments introduced by petition requires approval by a majority of county assemblies, approval by majority vote of both houses, and approval by the president (2017) Legal system: Mixed legal system of English common law, Islamic law, and customary law; judicial review in the new Supreme Court established by the new constitution International organization participation: ACP, AfDB, AU, C, CD, COMESA, EAC, EADB, FAO, G-15, G-77, IAEA, IBRD, ICAO, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, IGAD, ILO, IMF, IMO, IOMO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC (NGOs), MIGA, MINUSMA, MONUSCO, NAM, OPCW, PCA, UN, UNAMID, UNCTAD, UNESCO, UNHCR, UNIDO, UNIFIL, UNMIL , UNMISS, UNWTO, UPU, WCO, WHO, WMO, WTO REPORT : BUYER SELLER MEET NAIROBI, KENYA : 15TH FEBRUARY 2019 Page 4 GEOGRAPHY Location: Eastern Africa, bordering the Indian Ocean, between Somalia and Tanzania Geographic coordinates: 1 00 N, 38 00 E Area: Total: 580,367 sq km Land: 569,140 sq km Water: 11,227 sq km Country comparison to the world: 50 Land boundaries: Total: 3,457 km Border countries (5): Ethiopia 867 km, Somalia 684 km, South Sudan 317 km, Tanzania 775 km, Uganda 814 km Coastline: 536 km Environment - current issues: Water pollution from urban and industrial wastes; water shortage and degraded water quality from increased use of pesticides and fertilizers; flooding; water hyacinth infestation in Lake Victoria; deforestation; soil erosion; desertification; poaching Geography - note: The Kenyan Highlands comprise one of the most successful agricultural production regions in Africa; glaciers are found on Mount Kenya, Africa's second highest peak; unique physiography supports abundant and varied wildlife of scientific and economic value; Lake Victoria, the world's largest tropical lake and the second largest fresh water lake, is shared among three countries: Kenya, Tanzania, and Uganda Climate: Varies from tropical along coast to arid in interior Natural resources: Limestone, soda ash, salt, gemstones, fluorspar, zinc, diatomite, gypsum, wildlife, hydropower REPORT : BUYER SELLER MEET NAIROBI, KENYA : 15TH FEBRUARY 2019 Page 5 PEOPLE AND SOCIETY : Population: 48,397,527 (July 2018 is.) Note: Estimates for this country explicitly take into account the effects of excess mortality due to AIDS; this can result in lower life expectancy, higher infant mortality, higher death rates, lower population growth rates, and changes in the distribution of population by age and sex than would otherwise be expected Country comparison to the world: 29 Population distribution: Population heavily concentrated in the west along the shore of Lake Victoria; other areas of high density include the capital of Nairobi, and in the southeast along the Indian Ocean coast Nationality: Kenyan Ethnic groups: Kikuyu 17.2%, Luhya 13.8%, Kalejin 12.9%, Luo 10.5%, Kamba 10.1%, Somali 6.2%, Kisii 5.7%, Ki 5.5%, Meru 4.3%, Turkana 2.6%, Masai 2.2%, other 9.4% (2014 .) Languages: English (official), Kiswahili (official), Kiswahili numerous indigenous languages Religions: Christian 83% (Protestant 47.7%, Catholic 23.4%, other Christian 11.9%), Muslim 11.2%, Traditionalists 1.7%, other 1.6%, none 2.4%, unspecified 0.2% (2009 est.) Age structure: 0-14 years: 39.03% (male 9,474,968 /female 9,416,609) 15-24 years: 19.61% (male 4,737,647 /female 4,752,896) 25-54 years: 34.27% (male 8,393,673 /female 8,193,800) 55-64 years: 4% (male 894,371 /female 1,040,883) 65 years and over: 3.08% (male 640,005 /female 852,675) (2018 est.) REPORT : BUYER SELLER MEET NAIROBI, KENYA : 15TH FEBRUARY 2019 Page 6 Population growth rate: 1.57% (2018 est.) Birth rate: 22.6 births/1,000 population (2018 est.) Death rate: 6.7 deaths/1,000 population (2018 est.) Urbanization: Urban population: 27% of total population (2018) Rate of urbanization: 4.23% annual rate of change (2015-20 est.) Major urban areas - population: 4.386 million NAIROBI (capital), 1.214 million Mombassa (2018) Life expectancy at birth: Total population: 64.6 years Male: 63.1 years Female: 66.1 years (2018 est.) Country comparison to the world: 187 Health expenditures: 5.7% of GDP (2014) Country comparison to the world: 116 Education expenditures: 5.2% of GDP (2017) Country comparison to the world: 58 Literacy: Definition: age 15 and over can read and write (2015 est.) Total population: 78% Male: 81.1% Female: 74.9% Unemployment rate: 40% (2013 is.) 40% (2001 est.) country comparison to the world: 214 Population below poverty line: 36.1% (2016 is.) REPORT : BUYER SELLER MEET NAIROBI, KENYA : 15TH FEBRUARY 2019 Page 7 ECONOMY: Overview: Kenya is the economic, financial, and transport hub of East Africa. Kenya‟s real GDP growth has averaged over 5% for the last decade. Since 2014, Kenya has been ranked as a low er middle income country because its per capita GDP crossed a World Bank threshold. While Kenya has a growing entrepreneurial middle class and steady growth, its economic development has been impaired by weak governance and corruption. Although reliable numbers are hard to find, unemployment and under-employment are extremely high, and could be near 40% of the population. In 2013, the country adopted a devolved system of government with the creation of 47 counties, and is in the process of devolving state revenues and responsibilities to the counties. Agriculture remains the backbone of the Kenyan economy, contributing one -third of GDP. About 75% of Kenya‟s population of roughly 48.5 million work at least part -time in the agricultural sector, including livestock and pastoral activities. Over 75% of agricultural output is from small-scale, rain-fed farming or livestock production. Tourism also holds a significant place in Kenya‟s economy. In spite of political turmoil throughout the second half of 2017, tourism was up 20%, showcasing the strength of this sector. Kenya has long been a target of terrorist activity and has struggled with instability along its northeastern borders. Some high visibility terrorist attacks during 2013 -2015 (e.g., at Nairobi‟s Westgate Mall and Garissa University) affected the tourism industry severely, but the sector rebounded strongly in 2016-2017 and appears poised to continue growing. Inadequate infrastructure continues to hamper Kenya‟s efforts to improve its annual growth so that it can meaningfully address poverty and unemployment. The KENYATTA administration has been successful in courting external investment for infrastructure development. International financial institutions and donors remain important to Kenya's growth and development, but Kenya has also successfully raised capital in the global bond market issuing its first sovereign bond offering in mid-2014, with a second occurring in February 2018. The first phase of a Chinese-financed and constructed standard gauge railway connecting Mombasa and Nairobi opened in May 2017. In 2016 the government was forced to take over three small and undercapitalized banks when underlying weaknesses were exposed. The government also enacted legislation that limits interest rates banks can charge on loans and set a rate that banks must pay their depositors.
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