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Kenya Real Estate

We offer Kenya real estate investment information for Nairobi, Kisumu, Lamu, Malindi and Mombassa. Scroll down for more information about Kenya.

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About Kenya

Kenya Population: 32,021,856 (July 2004 est.)
Languages: English (official), Kiswahili (official), numerous indigenous languages.
Capital: Nairobi
Government Type: Republic
Independence Day: 12 December 1963 (from UK)
Legal System: Based on Kenyan statutory law, Kenyan and English common law, tribal law, and Islamic law; judicial review in High Court; accepts compulsory ICJ jurisdiction, with reservations; constitutional amendment of 1982 making Kenya a de jure one-party state repealed in 1991.
Currency: Kenyan shilling (KES)

Executive Branch:

Chief of State: President Mwai KIBAKI (since 30 December 2002) and Vice President Moody AWORI (since 25 September 2003); note - the president is both the chief of state and head of government.

Head of Government: President Mwai KIBAKI (since 30 December 2002) and Vice President Moody AWORI (since 25 September 2003); note - the president is both the chief of state and head of government.

American Embassy: US Embassy, United Nations Ave., Gigiti; P. O. Box 606 Village Market Nairobi
Mailing Address: Box 21A, Unit 64100, APO AE 09831
Telephone: [254] (2) 537-800 FAX: [254] (2) 537-810

General Overview: Founding president and liberation struggle icon Jomo KENYATTA led Kenya from independence until his death in 1978, when President Daniel Toroitich arap MOI took power in a constitutional succession. The country was a de facto one-party state from 1969 until 1982 when the ruling Kenya African National Union (KANU) made itself the sole legal party in Kenya. MOI acceded to internal and external pressure for political liberalization in late 1991. The ethnically fractured opposition failed to dislodge KANU from power in elections in 1992 and 1997, which were marred by violence and fraud, but are viewed as having generally reflected the will of the Kenyan people. President MOI stepped down in December of 2002 following fair and peaceful elections. Mwai KIBAKI, running as the candidate of the multiethnic, united opposition group, the National Rainbow Coalition, defeated KANU candidate Uhuru KENYATTA and assumed the presidency following a campaign centered on an anticorruption platform.

Economic Overview: The regional hub for trade and finance in East Africa, Kenya has been hampered by corruption, notably in the judicial system, and by reliance upon several primary goods whose prices have remained low. In 1997, the IMF suspended Kenya's Enhanced Structural Adjustment Program due to the government's failure to maintain reforms and curb corruption. A severe drought from 1999 to 2000 compounded Kenya's problems, causing water and energy rationing and reducing agricultural output. As a result, GDP contracted by 0.2% in 2000. The IMF, which had resumed loans in 2000 to help Kenya through the drought, again halted lending in 2001 when the government failed to institute several anticorruption measures. Despite the return of strong rains in 2001, weak commodity prices, endemic corruption, and low investment limited Kenya's economic growth to 1.2%. Growth lagged at 1.1% in 2002 because of erratic rains, low investor confidence, meager donor support, and political infighting up to the elections. In the key 27 December 2002 elections, Daniel Arap MOI's 24-year-old reign ended, and a new opposition government took on the formidable economic problems facing the nation. In 2003, progress was made in rooting out corruption, and encouraging donor support, with GDP growth edging up to 1.7%.

International Disputes: Kenya's administrative boundary still extends into the Sudan, creating the "Ilemi Triangle"; Kenya has acted as an important mediator in Sudan's north-south civil war; Kenya and Uganda are working together to stem cattle rustling and violence by Lord's Resistance Army along the border.

Kenya Map

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