Kenya is located along the Indian Ocean and is bordered by Tanzania to the south, Uganda to the west, South Sudan to the northwest, Ethiopia to the north, and Somalia to the northeast. The capital city of Kenya is Nairobi, and the official languages are Swahili and English. The official currency is the Kenya shilling (KES).
Kenya is the economic, financial, and transport hub of East Africa. In the last decade, the real GDP growth has averaged over 5%. The economy is estimated to have expanded by 6.2% in 2019 compared to 5.8% in 2018 and 4.9% in 2017. The Growth is supported by strong agricultural and manufacturing activities underpinned by favourable weather conditions, strong service sector, stable macroeconomic environment, ongoing public infrastructural investments and sustained business confidence.
In addition, measures being undertaken by the Government under “The Big Four” Plan to boost the manufacturing sector; enhance food security and nutrition; build affordable housing; and achieve Universal Health Coverage are expected to enhance growth, create jobs and promote inclusive growth.
Kenya promulgated a new Constitution on 27 August 2010 and carried out its first elections under this new Constitution on 4 March 2013; following which, a new system of government, comprising a national government and devolved system of 47 counties, came into effect. Devolution remains the biggest gain from the August 2010 constitution, which ushered in a new political and economic governance system.
Kenya participates in several regional initiatives and is a member of the East African Community (EAC), Common Market for Eastern and Southern Africa (COMESA), Intergovernmental Authority on Development (IGAD), and the Commonwealth, amongst others.
PwC in Kenya provides integrated audit, tax, and advisory services across all industries in Kenya. Our Tax Services division provides our clients with a broad range of tax services, including transfer pricing, value-added tax (VAT), customs and excise, corporate tax planning and compliance, personal tax advisory and compliance, reward and remuneration, dispute resolution, regulatory compliance and advisory, and immigration services.