In 2004, about 15% of the labour force was officially classified as unemployed. The public debt level is thus 51% of GDP as of 2019.Originally introduced in 2003, the Integrated Financial Management Information System (IFMIS)IFMIS enables fully integrated planning for the budgeting process since it links planning policy objectives and budget allocation.The Fund for the Inclusion of Informal Sector (FIIS)The Investor Compensation Fund is intended to compensate investors who suffer losses resulting from failure of a licensed stockbroker or dealer to meet his/her contractual obligations, up to a maximum of Sh.50,000 per investor.Since independence, Kenya has received both substantial foreign investment and significant amounts of development aid. Gross domestic product (GDP) is the market value of all final goods and services from a … Nigeria is one of the most influential countries not only in West Africa … At the moment, Egypt’s overall GDP of $237.1 billion makes it the third-largest economy in Africa.Over the years, the Egyptian GDP has received massive contributions from the key sectors such as industry, tourism, services, and agriculture.
In the late 1990s, a terrorism-related downturn in tourism followed the 1998 Kenya has also contributed to boosting tourism in other countries; the Nairobi-headquartered Kenya is East Africa's hub for financial services. At the moment, Kenya’s GDP is estimated at $79.5 billion. The tourism sector exhibited steady growth after independence and by the late 1980s had become the country's principal source of foreign exchange. "Fallacies in policy and strategies of skills training for the informal sector: evidence from the jua kali sector in Kenya." Angola’s economy was estimated to reach a 7.1 percent increase in the past, the country’s GDP was marked by a 5.1 percent increase.
This figure was a significant increase over 2005, when the current account had a deficit of US$495 million. Major suppliers are China, India, Kenya is the dominant trade partner for Uganda (12.3% exports, 15.6% imports) and Kenya typically has a substantial trade deficit. For a period of 20 years (from 1990 to 2010), Nigeria established a new base level for its Gross Domestic Product and consequently, the country achieved a massive increase of 89 percent in economic growth. For this reason, the oil sector forms one of the major contributors to the GDP of Angola. The In 2006, Kenya's labour force was estimated to include about 12 million workers, almost 75% in agriculture. Currently, Ethiopia’s GDP is estimated at $80.9 billion.In 2011, Kenya was affected by a period of slowdown and this had some negative impact on its economy. The economic areas targeted are tourism, agriculture, wholesale/retail trade, manufacturing, IT-enabled services, and financial services.The social pillar has the objective of improving the quality of life for all Kenyans. Other estimates place Kenya's unemployment much higher, in some estimates up to 40%. Some of the key sectors which brought about this economic growth were manufacturing, agriculture, construction, fisheries and non-oil energy. Although revenues are generated from various other key sectors such as manufacturing and agriculture, the petroleum sector remains the mainstay of Nigeria’s vibrant economic system.Just behind Nigeria, South Africa is the second African biggest economy. At the moment, the economy of Algeria is associated with the entire GDP of $178.3 billion.Angola is the second-biggest supplier of oil in Africa. Currently, Angola’s GDP is valued at $124.2 billion.Morocco is one of the industrialized countries in North Africa. Africa’s entire landmass stretches across 30.2 million square kilometers and this makes it the second-largest continent in the world.In terms of population, Nigeria is Africa’s leading country and this gives it the enviable title “The Giant of Africa’’. However, Algeria occupies the largest landmass and this distinguishes it as the largest country both in North Africa and the entire African continent.In previous times, South Africa had the highest GDP level and this made it the biggest African economy. Government budget balance as a percentage of gross domestic product had improved to −2.1% in 2006 from −5.5% in 2004.In 2012, Kenya set a budget of US$14.59B with a government revenue of approximately US$12B.The 2018 budget policy report set a budget of US$30B. As it stands, Morocco’s GDP is estimated at $109.8 billion.Ethiopia is one of the most influential African countries particularly in terms of military, history, and politics.
Major industries include agriculture, forestry, fishing, mining, manufacturing, energy, tourism and financial services.