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Regulation of Digital Credit Providers

April 28, 20220
Introduction The Central Bank of Kenya (Amendment) Act, 2021 empowered the Central Bank of Kenya (the “CBK”) to regulate digital credit providers. Our analysis of the Amendment Act is here. The CBK has now published the Central Bank of Kenya (Digital Credit Providers) Regulations, 2022 (the Regulations) setting out the licensing procedure and compliance requirements...

Congratulations to KN Law LLP Partner Mugambi Nandi. Again

March 28, 20220
2022 has kicked off on the right note, with yet another feather in the cap of KN LLP Consulting Partner Mugambi Nandi. MN, as he is known at the firm, has once again received recognition and ranking by Chambers Global for the year 2022. This marks the sixth year in a row that he has...

KN Law LLP Advises Centum Re in Its Issue of a KES 4 billion Corporate Bond

March 8, 20220
In late 2020, KN Law LLP acted for Centum Real Estate (Centum RE) as advisor in its issue and listing of a first-of-its-kind corporate bond. We counselled Centum RE on the structuring of medium-term zero-coupon notes, which have several unique features. The notes’ structure allows investors to participate in the upside in the event that...

An Overview of Electronic Signing in Kenya

January 27, 20220
Introduction The constant progression of technology through innovations continues to revolutionize how people live and work. One key technological development is the emergence of electronic signatures (e-signatures) and advanced e-signatures. The use of these in place of written signatures has increased significantly recently. The Kenya Information and Communications Act (KICA), is the primary law governing...

The Central Bank of Kenya (Amendment) Act, 2021

January 26, 20220
Introduction The Central Bank of Kenya (Amendment) Act (the “Amendment Act”) was assented into law on December 07, 2021. Its effective date was December 23, 2021. Its principal objective is to regulate and bring the provision of credit or loan facilities through digital channels under the supervision of Central Bank of Kenya (CBK). Rationale With...

Regulation of Abuse of Buyer Power in Kenya Takes Shape – Part 1

July 23, 20210
Introduction On April 20, 2021, the Competition Tribunal (“the Tribunal”) delivered a key decision in Majid Al Futtaim Hypermarkets Limited vs Competition Authority of Kenya and Orchards Limited (the “Carrefour Decision”). Two months later, the Competition Authority of Kenya (CAK) gazetted the Retail Trade Code of Practice (the “Retail Code”). These two developments shape how...
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