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The real estate sector in Kenya has seen a boom that began somewhere in the mid to late 2000s because the property market is responding to increased demand.. In Nairobi, the capital and largest city of Kenya, there is one of the largest expatriate communities in the continent due to the significant number of multinationals who have chosen Nairobi as either their African hub or East and Central ...
The Embassy Property Purchase Scandal is a scandal that resulted in the Kenyan Minister for Foreign Affairs Moses Wetangula leaving his post. Wetangula left his ministerial post on October 27, 2010, due to ongoing investigation on his alleged involvement in the Kenyan Tokyo embassy scandal.
Many of Kenya's problems relating to the export of goods are believed by economists to be caused by the fact that Kenya's exports are inexpensive items that do not bring substantial amounts of money into the country. [69] Kenya is the dominant trade partner for Uganda (12.3% exports, 15.6% imports) and Rwanda (30.5% exports, 17.3% imports). [90 ...
A real estate transaction is the process whereby rights in a unit of property (or designated real estate) are transferred between two or more parties, e.g., in the case of conveyance, one party being the seller(s) and the other being the buyer(s). It can often be quite complicated due to the complexity of the property rights being transferred ...
In the spring of 2011, the World Bank urged Kenya’s finance ministry to end the evictions until the bank could help the government work out a plan for addressing the Sengwer’s concerns. According to bank officials, Kenyan authorities agreed to stop the evictions until they found new land where the Sengwer could relocate.
Property law is the area of law that governs the various forms of ownership in real property (land) and personal property. Property refers to legally protected claims to resources, such as land and personal property, including intellectual property . [ 1 ]
In law, conveyancing is the transfer of legal title of real property from one person to another, or the granting of an encumbrance such as a mortgage or a lien. [1] A typical conveyancing transaction has two major phases: the exchange of contracts (when equitable interests are created) and completion (also called settlement, when legal title passes and equitable rights merge with the legal title).
Housing Finance Company Limited is a large mortgage finance company, serving the mortgage needs of the Kenyan population. As of December 2020, the company's total assets were valued at KSh55,445,249,000 (approximately US$497 million), with shareholders' equity of KSh8.562 billion (approx. US$76.8 million).