Kenya’s market-based system serves as an important financial, logistical, administrative, and economic center for East Africa. Decent business practices prevail in Kenya, where meetings are scheduled in advance. Jambo is Kenya’s frequently used greeting and should be stated initially upon first meeting people. Business etiquette is hierarchical, where the senior member of a group is typically addressed first with the appropriate title, such as sir, professor, or doctor (Tedx, 2019). Normal business operations are carried out from Monday through Friday, from 8 am and 5 pm, signaling the close of business (COB). Business hours, nonetheless, may differ by organization or industry (Mwai, 2019). It is essential to keep eye contact when conversing with those you associate with as it forges a good relationship. An economy that thrives in business provides ample room for foreign investors to indulge deeper in understanding the country by clearly stating them.
One should be familiar with the new various law amendments, like Companies Act 17 of 2015 which tackles corporate operations and additional revenue gathering in the current economic context brought on by COVID-19. The Business Laws (Amendment) Act 2020 which was passed did away with the demand that companies maintain a corporate seal, hence encouraging investors to indulge in business better. Always work on being on the government’s side, and not on its radar as an unruly investor.
Kenya is well-positioned to keep and strengthen its role as an African commercial giant because it is generally regarded as the financial and logistical center of East Africa and because ongoing government initiatives are improving the business environment. Anywhere in the globe respect is essential for conducting successful business meetings (Tedx, 2019). Since respect differs from culture to culture, some advice on how to behave in Kenya includes being on time, respectfully greeting your colleagues or partners, making banter, and politely participating in discussions. This will significantly encourage business in the country as it shows respecting the Kenyan business culture.
Reference
Mwai, P. M. (2019). Government policies and their effects to business in Kenya. OALib, 06(03), 1–15. Web.
TEDx Talks. (2019). Eliminating Microaggressions: The Next Level of Inclusion. [Video]. YouTube. Web.
TEDx Talks. (2018). How to Outsmart Your Own Unconscious Bias. [Video]. YouTube. Web.