Introduction The Business Laws (Amendment) (No.2) Act (“the Act”) was assented to by the President and commenced on March 30, 2021. The Act amends various statutes to facilitate the ease of doing business in Kenya. Below is a summary of the salient changes brought about by the Act. Execution of Contracts The Law of Contract
Introduction The Cabinet Secretary for the National Treasury and Planning has issued, for public participation and consultation, draft Retirement Benefits (Occupational Retirement Benefits Schemes) (Amendment) Regulations, 2020 (the “Draft ORBS Regulations”) and draft Retirement Benefits (Umbrella Retirement Benefits Schemes) (Amendment) Regulations, 2020 (the “Draft URBS Regulations”).The regulations seek to amend provisions of the Retirement Benefits
The Competition Authority of Kenya (“CAK”) has published draft Guidelines (the “Guidelines”) on Joint Ventures (“JVs”) to provide clarity and certainty on the competition regulatory framework in respect of JVs. Click here to download.
In a recent news conference, the Governor of the Central Bank of Kenya, Dr Patrick Njoroge, said that Kenya’s underlying economic numbers pointed to “strong growth” in 2020, despite the coronavirus global pandemic. The Central Bank of Kenya and the International Monetary Fund estimate that the size of the Kenyan economy in 2019 was Kenya
Corporate M&A 2020 Click here to download