AFRICAN DEVELOPMENT BANK ADB: 

ADB is a financial institution comprising 53 African and 24 non-African countries which promotes economic and social progress in Africa through loans, equity investments and technical assistance. Structurally, the ADB Group includes the African Development Bank, the African Development Fund and the Nigeria Trust Fund. Established in 1964 and headquartered in Tunisia, the Bank has provided a cumulative $55 billion in loans and grants in the region.

The ADB has been praised for its role in the fight against HIV/AIDS on the African continent.  The ADB emphasizes large infrastructure projects at the expense of smaller, cheaper options that may produce more energy with greater benefit to the continent’s poor.

WORLD TRADE ORGANIZATION ( WTO ) :

The purpose of the WTO is to ensure that global trade commences smoothly, freely and predictably. The WTO creates and embodies the legal ground rules for global trade among member nations and thus offers a system for international commerce. WTO rules become a part of a country’s domestic legal system.

WTO from its side has taken various efforts for the development of the Continent, Africa. It has taken various steps in improving the performance of various sectors which directly reflect the growth of the country and the continent. The investment of WTO in Africa’s various projects has taken the country’s development to the next level.

INTERNATIONAL MONETARY FUND ( IMF) :

International Monetary Fund (IMF) is the most powerful international financial institution in the world. It is the major source of lending to African countries and uses the loans they provide as leverage to prescribe policies and dictate major changes in the economies of these countries.

The main task of the IMF is to maintain a dialogue with and among its member countries on the national and international implications of their economic and financial policies.

The second main role of the IMF is to provide loans of foreign exchange to countries experiencing balance-of-payments problems undertake the necessary adjustment and restore conditions for sustainable economic growth. The financial assistance provided by the IMF enables countries to rebuild their international reserves, stabilize their currencies, and continue paying for imports without having to impose trade restrictions or capital controls, or take other measures `destructive of international prosperity’.

Hence, the IMF’s goal is to provide global financial stability and to assist in the global war on poverty.

Industries like agriculture, construction, real estate, small scale manufacturing companies, tourism, and IT sector has seen great growth in Kenya. Kenya is said to be next hub for IT and food industry in Africa.

Tourism: Kenya’s Tourism has exhibited steady growth in most years since independence, and hence it contributes to almost 61% to the GDP of its country. Tourists, the largest number being from Germany and the United Kingdom, are attracted mainly to the coastal beaches and the game reserves, notably, the expansive East and West Tsavo National Park. Tourism is now Kenya’s largest foreign exchange earning sector followed by flowers, tea, and coffee.

Agriculture: Agriculture is the second largest contributor to Kenya’s gross domestic product (GDP), after tourism. The principal cash crops are tea, horticultural produce, and coffee. These crops are grown in the fertile highlands, one of the most successful agricultural production regions in Africa. Horticultural produce and tea are the main growth sectors and the two most valuable of all of Kenya’s exports. Government on regular basis is floating tenders online in Kenya related to agriculture and its products.

Kenya’s flower industry is rapidly growing. It is recorded to have the highest growth in both volume and value of all horticultural products, including fruits and vegetables.  It is also one of the oldest and largest sectors, maintaining an average growth of 20% per annum after its rapid expansion in the early 1990s.

Africagateway is one of the online portals which help you provide information on tenders in Kenya, projects taking place there and online information on tenders of other countries.