Mauritius | Kenya | Seychelles
 
 
Axis specializes in developing trust
structures that protect your assets.
As part of its regional expansion, Axis has now established a presence in Seychelles and Kenya.
Axis can set up and manage tax-incentive companies and offshore entities in Mauritius.
Mauritius has recently opened up its
real-estate market to foreigners.
Axis provides specialist offshore fund
services for a full range of fund structures.
Axis further consolidates its preferred relationship with BLC Robert by becoming an affiliate of ALN.
 
Kenya
Overview

Geography

Kenya lies across the equator in east-central Africa, on the coast of the Indian Ocean. Kenya borders Somalia to the east, Ethiopia to the north, Tanzania to the south, Uganda to the west, and Sudan to the northwest. In the north, the land is arid; the southwest corner is in the fertile Lake Victoria Basin; and a length of the eastern depression of the Great Rift Valley separates western highlands from those that rise from the lowland coastal strip.

Time zone

The standard time zone in Kenya is 3 hours ahead of Greenwich Mean Time.

Climate

Kenya is a warm, dry country with seasonal rainfall. Rain falls mainly in two seasons: the first between March and May - the long rains - as a result of the south-easterly monsoon winds; the second in October/December. The coast tends to be humid and hot.

The central highlands receive the most rainfall and tend to be cool, due to the high altitude. The Lake Victoria basin is wetter, owing to the moist westerly winds originating in the Atlantic and Congo Basin. To the north and north-east, it is extremely dry and hot, with daytime temperatures exceeding 34 degrees.

Population

Kenya has a diverse population that includes most major ethno racial and linguistic groups found in Africa. There are an estimated 42 different communities, with Bantus (67%) and Nilotes (30%) constituting the majority of residents. Cushitic groups also form a small ethnic minority, as do Arabs, Indians and Europeans.

Language

The official languages of Kenya are English and Swahili. English is the language of big business, higher education and government. Most bills presented to the National Assembly, for example, are drafted in English. Swahili, a Bantu language, is almost universal in small-scale trade and the media and schools through primary education. It is closely connected with urban life and with certain occupations. Television broadcasts and print materials are in Swahili and English. Radio broadcasts may be heard in Swahili, English, and various African languages.

Religion

The Kenyan constitution grants all Kenyans freedom of religion and worship. Many different religions are practiced and celebrated in Kenya, such as Christianity, Islam and Hinduism.

History

Kenya was a colony of Great Britain. The land became a British protectorate in 1890 and a Crown colony in 1920, called British East Africa. Nationalist stirrings began in the 1940s, and in 1952 the Mau Mau movement, made up of Kikuyu militants, rebelled against the government. On Dec. 12, 1963, Kenya achieved full independence. Jomo Kenyatta, a nationalist leader during the fight to win independence who had been jailed by the British, was its first president.

Political Structure

Kenya is a presidential representative democratic republic. Kenya adopted a new Constitution on 27th August, 2010 (the Constitution). The first general elections under the new Constitution were held in March 2013, following which Kenya ushered in a new government structure. Under the new government structure, the Republic of Kenya is a unitary State but with a devolved governance system comprising of the National Government and 47 County Governments. The governance structure comprises of:

  • The Executive arm headed by the President. The President is both the head of state and the head of government. The President is elected by simple majority and must obtain at least 25% of the vote in five of Kenya’s eight provinces. The law requires the president to appoint between 14 and 22 cabinet secretaries reflecting ethnic and regional diversity. The current cabinet is made up of 18 cabinet secretaries.
  • The legislature comprising of two houses: the National Assembly and the Senate which are vested with law making; and
  • The Judiciary headed by the Chief Justice. The Supreme Court is the highest court in the land.
  • The country has a multi-party political system whose hallmark is parliamentary democracy.


Legal System

The Kenyan Legal System is based on English Common Law. The Kenyan Constitution is the supreme law of the land, and any other law that is inconsistent with the Constitution, shall, to the extent of the inconsistency, be null and void. The Constitution of Kenya is divided into eleven parts. The old Constitution was enacted on the 12th of December 1963.

Economy

The Kenyan economy, East Africa's largest, has experienced considerable growth in the past few years, driven by several key factors. The country enjoys some particular advantages: a reasonably well-educated labour force, a vital port that serves as an entry point for goods destined for countries in the East African and Central African interior, abundant wildlife and miles of attractive coastline and a government that is committed to implementing business reforms.

Communications

The country telephone code is +254 and is used for calling Kenya from another country. The Kenya dial code may also include area or city codes. The telecommunications sector is one of the fastest growing sectors in Kenya fuelled by a growing market and development in fibre-optics. There are currently 4 fibre optic cables which have landed on the Kenyan coast linking Kenya to the rest of the world. The telecommunications sector in Kenya is primarily governed by the Kenya Information and Communications Act, 1998 (KICA). There are currently three mobile telecommunications providers in Kenya: Safaricom, partially owned by the Kenya Government; French-owned Orange and Indian owned Bharti Airtel.

Currency

The official currency is the Kenya Shilling. Foreign currency is readily exchangeable in banks, forex bureau or authorised hotels. Traveller's cheques are widely acceptable, as are major credit cards in most established hotels, travel agencies, safari companies and restaurants.