In a market where the parties involved have an unequal bargaining power, it is inevitable that the weaker party may be disadvantaged. Therefore, the enactment of the Central Bank of Kenya (Amendment) Act, 2021 and the Central Bank of Kenya (Digital Credit Providers) Regulations, 2022 (the “Regulations) was essential to regulate the digital credit providers …
Over the past few years, there have been several reports of investors losing alarming amount of money in investment schemes. While many of these schemes experience genuine market hiccups that lead to investors losing their money, most of them are fraudulent investments set up with the sole intention of defrauding innocent and suspecting investors. They …
GAPS IN THE LAWS REGULATING INVESTMENTS IN KENYA Read More »
Most Kenyans and Africans in general perceive wills as a taboo. In traditional society, writing a will was seen as inviting death to your household. This made a number of people shun wills and the need to have them. In this article we discuss the place of wills in Kenya and the need to have …
The current reality in Kenya is that the need for quick capital for individuals and small businesses has been on the rise whereas access to credit facilities has been on the decline. Consequently, in recent years, we have seen an upsurge of non-conventional lenders, inclusive of digital lenders and shylocks, in Kenya. The upsurge has …
The rush to update the beneficial owners for many companies in Kenya as prescribed in Section 93A of the Companies Act, 2015, has been a crazy race in the month of January as many Kenyans worked against the January 31st deadline which has now been extended to 31st July 2021. The notice by the registrar …
The integration and use of technology in almost every aspect of our lives has become the new normal. The business world is no exception. Internet accessibility and stability has led to the development of a digital marketplace, whereby buyers and sellers are interacting through online platforms either in the sense of business to business transactions …
Since the first reported case of Coronavirus in Kenya, the Government has been on the frontline in issuing control and preventive measures. These measures have greatly disrupted business activities and consequently led to loss of revenue for most employers. The employers have in turn been forced to evaluate various options, some more extreme than others, …
In November 2019, the Business Laws (Amendment) Bill was introduced in the National Assembly. The bill was sponsored by the majority party leader, Hon. Aden Duale, with the principal objective to ease the doing business in Kenya. The Bill was assented into law by the president on 18th March, 2020 and it amends various existing …
BUSINESS LAWS (AMENDMENT) ACT, 2020: SET TO EASE THE DOING OF BUSINESS IN KENYA Read More »
