The constitution of Kenya , 2010
Sessional Paper No.3 of 2009 on the National Land Policy
The constitution of Kenya , 2010
Sessional Paper No.3 of 2009 on the National Land Policy
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. Slums are characterized by a dense proliferation of small, makeshift shelters built from diverse materials, degradation of the local ecosystem and by severe social problems.
The acquisition of land by foreigners in developing countries has emerged as a key mechanism for foreign direct investment (FDI). FDI is defined by the Organization for Economic Cooperation and Development (OECD) as the category of international investment that reflects the objective of a resident entity in one economy to obtain a lasting interest in an enterprise resident in another economy.
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. In Kenya, land taxation has contributed less than 1% of government revenue for the past three years. The Sessional Paper No.
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