Kenya: Socio-Political Characteristics

Paper Summary:

This paper examines the Kenyan political, social, and economic life since independence. The Kenyan economy is an agro-based economy, and its leaders have embarked on several economic reforms to attract foreign investors, but drought problems, as well as corruption, have always stalled the country's bid for economic development.

From the Paper:

"Since 1998, the Kenyan Government embarked on stabilization policies, with the hope of attracting foreign investors. The private sector contributes about 75% of the Kenyan GDP. The government introduced its incentives program for investors in 1986, with the establishment of the Investment Promotion Center {IPC} that serves as a principal contact point for foreign companies and entrepreneurs interested in investing in Kenya. The IPC helps to speed up foreign investment issues, serving as a liaison between foreign investors and the Kenyan Government."

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