We would like to bring to your attention that Parliament enacted the Land Value Index, through Land Value (Amendment) Act, 2019 that provides for the assessment of land value index in respect of the compulsory acquisition. The Act has since been signed by H.E. Uhuru Kenyatta, the President of the Republic of Kenya, into law.
ISK submitted a memorandum to both houses of Parliament but unfortunately, none of the issues raised therein was taken into account. We have strong reservation on the implementation of the Act as it would infringe on Article 40 of the constitution that stipulates prompt and payment in full for any property compulsorily acquired.
Download the full press statement from the link below:
Press Statement by ISK Council on 12th September 2019 ISK offices (3)PDF