Kenya is a Republic in the east of Africa with a population of about 47 million people according to results of the Population and Housing census conducted by the Kenya National Bureau of Statistics in August 2019. The country’s capital is Nairobi, the largest city of Kenya that is home to over 4 million people and which is a preferred investment destination within the region. The official languages of the Republic are English and Swahili. Kenya is well known for its long-distance runners and tourist attractions. The cradle of mankind as is sometimes called, Kenya is a major communications and logistics hub, with an important Indian Ocean port and strategic land borders with Ethiopia, South Sudan, Uganda, Tanzania, and Somalia.
The country’s supreme law, the Constitution, was promulgated on 27th August 2010. Being a former colony of Britain, Kenya is a common law jurisdiction and most statutes borrow heavily from the British system.
The system of government is a presidential system with devolved Governments and a bicameral Parliament. The country’s current president is Mr. Uhuru Muigai Kenyatta, who was elected into office for a second five-year term in November 2017. The country has enjoyed political stability in the recent past, especially following the cessation of hostilities between the sitting government and the official opposition led by former Prime Minister Raila Odinga in March 2018. The country is also in the process of extensive public consultations around the Building Bridges Initiative, an initiative aimed at identifying and making recommendations with regard to several issues thought to be among the greatest challenges since the country became independent in 1963.
Over time, Kenya has made strides that have largely driven sustained economic growth, social development and political gains over the past decade. The current administration’s development priorities are contained in a development plan termed the “Big Four Agenda” launched in 2018. The blueprint, which runs from 2018-2022 is designed to improve the living standards of Kenyans, grow the economy and leave a lasting legacy. The priority areas in the plan are Manufacturing, Food Security, Universal Health Coverage and Affordable Housing.
The country’s Gross Domestic Product (GDP) is estimated to have expanded by 5.7% in 2019. According to the World Bank, Kenya’s economic growth will reach 5.9 % in 2020 and rise further to 6 % in 2021. The major sources of Kenya’s Gross Domestic Product (GDP) include agriculture, manufacturing, information and communication, construction, real estate and financial services. The economy’s short to medium term forecast is for sustained and rising growth based on increased investor and business confidence due to the resilience after the last general elections, sufficient rainfall so far, stable macroeconomic environment, stability of the Kenya shilling and reforms in the security, governance and justice sectors.
Kenya is a member of several regional markets and blocs including the East African community (EAC), the Common Market for Eastern and Southern Africa (COMESA) and the Intergovernmental Authority on Development (IGAD). It continues to be a preferred destination for multinationals with interest in accessing the African market.