Ecobank Kenya
Ecobank of Kenya, like the larger Ecobank system itself, operates primarily in the personal and business banking industries, serving as a place for cash deposits and the handling of many routine banking activities including money transfers and various smaller-scale loans (Ecobank 2010). The attractiveness of this industry is dependent on many complex factors, and is especially difficult to assess given the current economic climate and the recent (or potentially ongoing) global recession. Kenya has a fairly strong economy relative to much of Africa, however, and continued growth is quite likely as global recovery continues, making the banking industry a highly desirable one in the country. Ecobank Kenya is one of the larger banks operating in the country, and is poised for faster growth and a gain in market share and overall volume as economic recovery truly begins to occur and Kenyans begin to progress and develop economically again (Ecobank 2010).
There is a fair degree of rivalry in the banking industry in Kenya, with over forty banks in total (and sixteen larger than Ecobank Kenya), but there is still a large enough market to diminish the traditional effect of Rivalry in Porter's Five-Forces Model (QuickMBA 2010). Current market conditions, however, create other inhibiting...
Kenya There are several news sources, Kenyan, regional, and international, that cover news relevant to the African nation. Top international news agencies like the BBC do cover topics that are relevant to Kenya. For example, the BBC and other major news sources covered the recent discovery of oil in Kenya. It was the first time that oil was discovered in Kenya, and has huge implications for the country's economic and social
However, Kenyans can also be very demonstrative to others, openly hugging and touching family and friends in the street. "Especially in cities you'll often see street preachers, who offer religion as a solution of the many social ills in Kenya," and many Muslims wear traditional garb, but it is rare for individuals to be openly harassed for transgressing religious dictates. Even "in Muslim areas, religious rules on sexuality are
Kenya Economy Kenya's Economy Assessing the economic situation in Kenya in terms of its desirability for foreign businesses is a somewhat complex task, not nearly as straightforward as it can be in many other nations. The mixture of progress, opportunities, and significant threats and hindrances in the country make it seem quite attractive to foreign business entities in certain ways, while at the same time the prospects these businesses face are less
In 1998 for instance the U.S. embassy in Nairobi was blown by a car comb killing at least 200 people mostly Kenyan, it also happened in 2002 where suicide bombers killed 15 people in an Israel owned paradise hotel in Kikambala Mombasa where terrorists reportedly shot a missile at an Israel airline at the airport in Mombasa. These were the most serious attacks on the foreign interests in Kenya
The government has made moves to privatize its major electricity providers and other utilities. Kenya, Tanzania, and Uganda have formed the East African Community (EAC), which, much like the European Union, promotes economic growth through the elimination of tariffs and customs, allows cross-pollination of workers and fosters regional cooperation in building national infrastructure. Growth has begun to increase, but 46% of Kenyans still live in poverty (Kenya, 2012, U.S. State
With the rise in popularity of Raila Odinga, who is a member of the Luo tribe, it was felt that a more populist government might be in Kenya's future. Thus, when Kibaki was declared the winner under what many considered suspicious circumstances the frustrations of many years percolated into mass violence. The violence that erupted was the result of a lack of ethnical pluralism within Kenya. As pointed out earlier,
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