Kenya gained independence on December 12, 1963. The East African Association comprised of pro-independence Kikuyus. The president Jomo Kenyetta was in jail, but still became the president of the National Coalition, the prime minister, and then the president. The economy of Kenya at the time of independence was a free market with corrupt free politics. People thought Kenya an up and coming African nation. However when Kenyetta passed away in 1978, …show more content…
Swahili is a language with simple structure and is none-motional which makes communication difficult. Additionally many tribes spoke Bantu including the Kikuyu, Luhya, and Kamba. The Kikuyu are farmers that are the most economically active, the Luhya are the second most economically active and cultivated the highlands of Western Kenya. Other languages that are spoken in Kenya include Dholuo by the Luo, Nandi by the Kalenjin, and Maa by the Maasai. There are four provinces in Kenya including the Rift Valley, North Eastern, Eastern and Central. The Central province is the wealthiest …show more content…
Kenya is the largest exporter of black tea. Airports and roads are the two main channels of trade in Kenya. The Kenyan capital, Nairobi, has over 60 companies and is considered the hub for technology, finance and world relations in Kenya. The headquarters of Google and Intel are located in Nairobi. The stock market capitalization in Kenya went from 453 million to 14.8 billion in 2012. Stock market capitalization is the product of the market price per share and the number of common outstanding shares. Kenya has the highest stock market capital in Sub-Saharan Africa. The financial system is run by fair trade with no government involved. It is a liberal system that depends on supply and