Overview of Business Law in Kenya
(*The photo is an image / PIXTA)
This article is a reprint of "Outline of Business Law in Kenya" published by Nishimura & Asahi Law Office. *This newsletter is not intended to provide legal advice, and for individual cases, it is necessary to seek appropriate advice from Japanese law or local law attorneys according to the individual circumstances of the case. In addition, the views expressed in this article are the personal views of the person in charge of the writing, and do not represent the views of Nishimura & Asahi Law Office or our clients.
This newsletter is based on information obtained by January 21, 2022.
1. Introduction
In 2013, our firm established the Africa Practice Team and published the booklet "African Business Law Guide" which summarizes the business laws of African countries. (June 2014 first edition, August 2019 second edition). In this article, in order to provide an overview of African legal systems to as many people as possible, we have summarized the main points of the "African Business Law Guide 2" in a concise form by reediting it, and supplemented it with some additional information.
2. Overview of Kenya's business environment and its legal system
1/2(Construction of high-rise buildings is underway around Nairobi Riverside Drive, where representative offices of Japanese companies are concentrated)
(A startup company that installs solar panels and supplies electricity in a non-electrified area without electricity in Kenya is active)
The Republic of Kenya (hereinafter referred to as "Kenya") became independent from the United Kingdom in 1963, and has become the largest economic hub in East Africa, with a land area 1.5 times that of Japan and a population of approximately 52.6 million*1. I'm here. GDP has continued to grow since the early 1990s, and although it turned negative in 2020 for the first time in about 30 years due to the economic stagnation caused by the new coronavirus, it has maintained a growth rate of around 5% in recent years *2. In addition, start-up companies with advanced technology are active, and attention is increasing as a center of Leapfrog Innovation in East Africa*3. *1< https://www.jetro.go.jp/world/africa/ke/basic_01.html *2< https://www.jetro.go.jp/biznews/2021/09/4535013199875ef1.html *3 Next page: 3. Overview of Business Law in Kenya
