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The enactment of the Public Private Partnerships Act (No. 15 of 2013, Laws of Kenya (the “Act”) provided the participation of the private sector in the financing, construction, development, operation and maintenance of infrastructure projects of the government. The Act brought much-needed improvement and haste in the completion of infrastructure projects. The Act was lauded...

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Kenya remains an attractive investment destination for various reasons. The government has been undertaking various policy and legislative initiatives with a view to improving ease of doing business. The enactment of several business laws in the recent past, digitisation of company and land records, among other initiatives, have seen Kenya’s ranking improve from 61 in 2018 to 56 in 2019, among 190 economies in the ease of doing business.

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There are instances where shareholders may interfere with the completion of M&A transactions. This is particularly so where the terms are not considered favourable to them, with regard to, for example, the offer price or the acquirer’s intentions for the target once the transaction is complete.

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The Finance Act, 2019 (the Act) was assented to by the President on November 7, 2019. The Act introduces policy and taxation measures for revenue generation in the financial year 2019/2020 for government’s expenditure as well as to support the Big Four Agenda.

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