Economy - Market structure & Macroeconomy Essay

Economy - Market structure & Macroeconomy - Essay ExampleMombasa has endured rule of many different nations, from the Lusitanian in the 12th century to the British more recently, until gaining its independence in 1963. The completion of a railway line from Mombasa to Uganda in 1901 serves as the link between the port and the rest of Kenya, as well as skirt East African countries. While Mombasa is an important shipping port for imports and exports along the East African coast, it is also a popular tourist area, with many hotels to the North and South of the 15 square km island. The macrocosm of Mombasa is roughly 900,000. Over one fourth of all unravelers in Kenya are employed in Mombasa workings in the port itself, in manufacturing, and in tourism. Tourism, and particularly that of visiting naval ships, is an important aspect of the economy, account statement for nearly 40% of Mombassas revenues. Among its many exports are coffee, flowers, vegetables, textiles and livestock. P roblems that the port has encountered since the early 1990s include a declining economy that is said to be the result of price controls, import licensing and foreign exchange controls. Like Nairobi, the largest urban center in Kenya, the city of Mombassa has experienced an increase in population, though on a much small scale. This is a continuing problem across Eastern Africa, and solutions for secondary cities (Otiso, 2005, p.117) in which occupants can live and work to sustain themselves is elusive.