Essay On Tourism Development In Kenya

2649 Words6 Pages
bulb-icon

Recommended: The evolution of globalization

1.0 INTRODUCTION
The end of world war two has seen International trade grow rapidly, which was driven by an upsurge of globalization of the economy. In this report globalize trade especially in the tourism industry will be highly referred to.
This exchange in terms of import and export facilitates for a wider market for the locally produced good in the larger foreign market. Just like in the local trade, international trade is influenced by factors both in the external and internal scope of trade. This leads to the globalization of the economy where worldwide events shape the demand and supply of the commodities.
The Kenya Tourist Development Corporation, a Government body, has over the last 4 decades spearheaded tourism development through networking investors and providing equity and loan funding to projects in Kenya. Its mission statement is "To develop and diversify Kenya’s tourism industry by providing a range of advisory and financial services to investors in tourism related
Enterprises" and has the following core functions:
• Research to identify opportunities, trends and priorities in the tourism sector
• Provision of bridge between the public sector and private sector in the development of tourism facilities
• Facilitation of information exchange among industry shareholders in order to
• promote development and diversification
• Provision of financial instruments in form of loans and / or equity participation
• to cover short and long term needs of investors
• Provision of legal, business and market advice to assist investors to identify and implement profitable ventures
1.1 KENYAN BUSINESS ENVIRONMENT

Kenya is strategically positioned at the helm of east African economic powerhouse. This aspect give the app...

... middle of paper ...

...hape as both export and import. Exports on the other hand are heavily dependent on agriculture and horticulture, while imports are so much dependent on machinery, industrial supplies and petroleum products.
The government has played a major role in creation of an enabled business environment in the country. These effort have paid off by attracting more investor in the country. This have seen the levels of international trade heightened.
The private sector too deserves some credit for their invaluable effort to capitalize in the open opportunities both in the country and abroad.
All in all the international trade environment in Kenya have been a stable. The stability results in the creation of an enabled environment. These favorable conditions can be mainly attributed to government effort and commitment to promote and safeguard international trade in the country.

Show More
Related

  • The Canada-U.S. Trade and Economic Relationship

    1583 Words  | 4 Pages

    Trade, of course, is only part of a larger network of relationships between our two countries. This network evolves in response to many complex influences, and exporters need to consider how our two countries' ever-expanding, ever-changing relationships will affect their activities. To take just a few examples:

    Read More

  • Colonialism and Oppression in the African Diaspora

    931 Words  | 2 Pages

    The situation became even more complex when the British colonial administration introduced a currency-based income tax system. For centuries, the Kenyan economy had largely rested on the exchange of livestock and other goods. With this in mind, it should come as little su...

    Read More

  • Kenya's Culture Analysis

    1158 Words  | 3 Pages

    Located in the Great Lakes area of East Africa, Kenya is home to an estimated 47 million. The country, covering over 223,000 square miles is bordered by Ethiopia and Sudan to the north, Uganda to the west, Tanzania to the south, and Somalia to the east. The areas around the coast of the Indian Ocean present a tropical climate, while the highlands are more temperate. There is no specific cultural normality with the nation because of such diverse ethnic backgrounds. As much of Kenya is riddled with poverty, her economy is based on labor-intensive industries, such as mining, manufacturing, mining, forestry, and agriculture. The

    Read More

  • Essay On Free Trade

    849 Words  | 2 Pages

    Besides that free trade encourages strengthen the development of a country’s institutions, in order to protect the country’s eco...

    Read More

  • Kenya After Independence

    1353 Words  | 3 Pages

    So many African countries were under the rule of the colonial masters and Kenya was not an exception. Many African nations wanted to gain their independence which is freedom from their colonial masters and with the help of the founding president and liberation icon Jomo Kenyatta, Kenya gained their Independence on December 12, 1963 from the United Kingdom. Kenya is located in the Eastern part of Africa bordering the Indian Ocean between Somalia and Tanzania. The capital of Kenya is Nairobi and Kenya has a population of about 39,002,772 people. The country is blessed with natural resources such as Limestone, soda ash, salt, fluorspar, zinc, diatomite, gypsum, wildlife, and hydropower. Kenya’s total land area is about 569,140 sq km while the total land area is about 11,227 sq km which gives it a total of 580,367 sq km.

    Read More

  • Essay On Political Regime In Kenya

    2907 Words  | 6 Pages

    Kenya is a very important country in the world basically due to its strategic location in the East African region. It is a country that has had an interesting political walk that despite the challenges it has faced, it has managed to pull through though with an interesting history to tell. There have been different regimes in the country since it acquired its independence. Worth noting is that these regimes have come into power through different ideologies and they have guided the country in different directions. The country was colonized by the British and acquired its independence in the year 1963. Notably, Kenya is considered to have been a colonial invention which had to contend with the colonialists.

    Read More

  • Role of Governments in Trade

    1713 Words  | 4 Pages

    In order for international trade to work well, governments must allow the world market to determine how goods are sold, manufactured and traded for all to economically prosper. While all nations may have the capability to produce any goods or services needed by their population, it is not possible for all nations to have a comparative advantage for producing a good due to natural resources of the country or other available resources needed to produce a good or service. The example of trading among states comprising the United States is an example of how free trade works best without the interve...

    Read More

  • Kenya

    719 Words  | 2 Pages

    The main source of income for Kenya comes from agriculture. Coffee and tea are the most valuable crops. Together they account for approximately 50 per cent of all forigien exchange earnings. Because of the rapidly growing population, Kenya now imports large quantities of food, praticularly wheat. Unemployment is high. Expecally in the urban areas.

    Read More

  • Tourism Stakeholders In Sustainable Tourism Essay

    727 Words  | 2 Pages

    (2015) explains the importance of stakeholders with the tourism industry by explaining how each stakeholder influences the industry in offering new destinations, packaging destinations for new clientele, remarketing vacation destination and additional tour companies. Each industry stakeholder has their own agenda in achieving success, but the industry needs to work together in order to achieve success due to the highly competitive nature of business. Economically the industry has been expanding and developing tourism by offering a wide range of destinations and package vacations globally. The industry stakeholders are listening to the customers and offering unique and exciting destinations, thus increasing sales and opening up the tourism industry into a new

    Read More

  • Advantages And Disadvantages Of International Trade

    921 Words  | 2 Pages

    International trade is an economic practice where countries can import and export goods with no concerns to government intervention which includes tariffs and import/export bans or limitations. International trade has several advantages on developing countries; who are nations with low levels of economic resources or low standard of living. Developing countries can advance their economy through strategic free trade agreements. Free trade generally improves the quality of life of poor nations. Nations can import goods that are not easily available within their borders; importing goods may be cheaper for than trying to produce consumer goods. Many developing nations do not have the production procedures available for translating raw materials into valuable goods.

    Read More

  • Essay On Tourism

    2970 Words  | 6 Pages

    The economy can be clearly identified as the most beneficial aspect of tourism. “According to recent statistics, tourism provides about 10% of the world’s income and employs almost one tenth of the world’s workforce” (Mirbabayev, 2007). In Australia alone, Tourism contributed $87.3 billion in 2012, and employed 908,434 (7.9%) people (Kookana & Duc Pham, 2013). Tourism is “one of the most profitable and rapidly developing industries in the world” (Popushoi, 2004). Every year the number of tourists increase dramatically and consequently the revenues from tourism will increase substantially.

    Read More

  • Economic Impact Of Tourism

    10070 Words  | 21 Pages

    Tourism is the one of economic and social activities that increasingly vital. Number of travellers domestic and international is increasing. In fact, several countries in present world develop tourism sectors as primary sector which generate national income. According to Salah Wahab and Cooper (2003). Tourism is also sector which involves role that mutually link between government, private sector and also public.

    Read More

  • Importance Of Business Tourism

    791 Words  | 2 Pages

    In recent years, business tourism has become increasingly prevalent and prevailing in the tourism industry. There are large quantities of significant changes which have far-reaching implications for all consumers and suppliers of business travel such as consumption patterns, great developments in transport and communications technology, and the world´s political and economic changes related to tourism industry. All these developments have brought large effects on business travel as well as the main challenges to this sector for the coming years. Every day, tens of thousands of people are beginning or ending their business trips all around the world, while numerous conferences or exhibitions are being held globally, so business tourism is a

    Read More

  • Essay On International Trade

    836 Words  | 2 Pages

    The modern world trades more than seven times as many goods as fifty years ago. If we take out the effects of inflation, the value of goods traded internationally has increased by more than 16-fold in the last half century. The fact that the value of international trade has been increasing more than the weight of goods traded means that the types of good being traded now have changed. Although bulk cargoes such as grain and oil remain important in volume terms, today high value added merchandize is critical.

    Read More

  • Growth Of Tourism Essay

    1085 Words  | 3 Pages

    At the present time, one of the inseparable parts of the economic growth is considered as tourism industry. Commonly, tourism is the movement of people to other places for business or leisure purposes as well as covers their activities. Holloway and Humphreys defines that the places where tourists come and spend their money are called as “tourist destinations” in other words “receiving areas”. Many countries have been improving tourism to overcome economic difficulties since it is growing fast. The industry activities have been demonstrated a general positive trend in the economy and it has already become the inherent part of economic development. In host countries, tourism has led to such positive consequences as the improved infrastructure,

    Read More

More about Essay On Tourism Development In Kenya

Open Document