Reasons to wish an investment in Kenya’s Agricultural sector

 

Over the years, agricultural sector has been and will needless to mention remain to be the backbone of Kenya’s economy. When it involves the numerous sectors’ contribution to the country’s Gross Domestic Product (GDP), this sector is certainly second to none. Its contribution to the GDP as of 2013 is 25%. It also offers 18% of formal employment within the private sector, because it also accounts for quite 65% of the country’s total export.
Now, it is vital to note that this sector isn't only the drive of this country’s economy but also the foremost source of livelihood for how bigger percentage of the whole population. It comprises of horticulture, crop production (industrial and food crops), fisheries, forestry also as livestock.
Why invest during this sector
Kenya, in 2016, took the 3rd position after China and Sri Lanka within the list of largest tea exporters within the planet . As if not enough, she exported one billion USD worth of flowers within an equivalent year. This made her absolutely the only African country to export horticulture to the EU with an entire of 16% market share.
Today, there still are other opportunities that investors can try their luck in. Cotton and Sugar processing factories, as an example , are earmarked by the govt. . . . . . . for purposes of privatization. Other fields are slightly slightly a touch just like the export-oriented horticulture, agri-business also as processing of oil crops. As an investor seeking to wish an investment in Kenya, these are opportunities that need to not pass you by. you merely need to secure slightly of land and be ready to jump during this sector.
Now, Kenya is indeed an appropriate investment location for agriculture, and this has been made possible by quite investor friendly factors that include;
• Conducive climate
Agriculture has become one of the only investment opportunities in Kenya mainly thanks to the friendly weather and climate that have always been favorable to not only the crops, but also the livestock production.
As stated earlier, Kenya is now the foremost important African horticulture exporter to the EU with a 16% market share just because of its produce.
• Availability of agricultural land and affordable labor
Kenya has vast pieces of land that investors can purchase and use for agricultural purposes. relying on where exactly you'd wish to wish an edge , there are also farm laborers that you simply simply simply simply simply simply simply simply can hire to work on your farms. the good thing about these laborers is that the undeniable fact that they are very affordable.
• Availability of well-established export market
Kenya is that the doorway to the East African Community (EAC) market that features a population of over 135 million people and customary marketplace for Easter and Southern African (COMESA) market that has over 450 million people.
Besides, her membership to the regional economic bloc also as her strategic geographic location could even be a sure reason why you'd wish to believe investing in Kenya’s agricultural sector as you’ll have ready markets for your products.
Now, if you’re trying to hunt out such opportunities to wish an investement , don't fret since West Kenya land is here to help you get parcels of land at very affordable fees. Why not try us?