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Fiscal instruments are tools that governments use to manage revenue and expenditure and therefore influence the growth (or stability) of the various sectors of the economy. Government revenue is derived primarily through taxation.
The acquisition of land by foreigners in developing countries has emerged as a key mechanism for foreign direct investment (FDI).
According to 2001 statistics, 924 million people, almost one third of the world’s population lived in slums. A majority of these people are in the developing countries and they account for 43% of the urban population.
Land plays a vital and central role in the economic, social-cultural and political lives of both individuals and communities.
Land acquisitions, either driven by foreign investments or domestic investment needs have continued to polarize opinions.
Kenya is going through a period of intense transition. The country's main development policy, Vision 2030, is just entering the second Medium Term Plan of Implementation from 2013.
Kenya is currently implementing a number of large scale infrastructure and development projects aimed at trans forming the country into a newly industrializing, middle-income country.
The Land Act, 2012
The Land Registration Act, 2012
The National Land Commission Act, 2012
The Environment & Land Court Act, 2011
The Urban Areas & Cities Act, 2011
Public land is a resource that should be effectively managed in the public’s best interest in line with provisions of the Constitutions of Kenya and the Land Act.
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