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Kenya
ENS
The Banking Act (Chapter 488 of the Laws of Kenya) ("the Act") section 55(2) authorises the Central Bank of Kenya ("CBK") to prescribe penalties to be paid by institutions...
Anjarwalla & Khanna
In May 2023, we released a legal alert analysing the Finance Bill, 2023 and its proposed implications. The Bill underwent significant public participation and a contentious Parliamentary debate.
Jersey Finance Limited
Mercy Gakii Muthuuri is an investment professional with 12 years' experience in portfolio management, pensions funds investment, business advisory ...
Jersey Finance Limited
Africa's financial sector, particularly in banking, has witnessed significant positive developments, both innovative and disruptive.
Anjarwalla & Khanna
The High Court of Kenya has dismissed a petition seeking to block Kenya Airways (KQ) from training its pilots abroad. The petition, in which ALN Kenya | Anjarwalla & Khanna acted for KQ...
Anjarwalla & Khanna
ESG (Environmental, Social and Governance), a concept formerly considered to be a first-world phenomenon, is unquestionably a global one.
Anjarwalla & Khanna
On 18 July 2022, the Ugandan High Court issued a landmark decision on the liability for loss suffered due to digital bank fraud in the case of Aida Atiku versus Centenary Rural Development Bank Limited, Civil Suit No. 0754 of 2020.
Anjarwalla & Khanna
31 December 2021 marked a long-anticipated landmark in the global financial market; with a few exceptions, the publication of the London Interbank Offered Rate (LIBOR)...
ENS
On 18 March 2022, the Central Bank of Kenya ("CBK") published regulations giving itself power to regulate and provide oversight to digital lenders.
Law3Sixty
The Central Bank of Kenya (Amendment) Act, 2021 "The CBK Amendment Act" was assented by President Kenyatta on December 7th 2021 and became effective on December 23rd, 2021.
Anjarwalla & Khanna
One of the major amendments is to the Central Depositories Act to entrench the requirement to disclose beneficial ownership in listed securities.
ENS
In order to alleviate the budget deficits most county governments in Kenya are facing, the National Treasury recently issued guidelines on Borrowing by County Governments (the "Guidelines").
Anjarwalla & Khanna
This has led to multiple micro-lenders investing in Kenya's credit market in response to the growth in demand for quick loans.
Anjarwalla & Khanna
The Finance Act, 2020 (the Finance Act) was assented to by President Uhuru Kenyatta on 30 June 2020 to make amendments to a raft of laws in Kenya, including the Income Tax Act (CAP 470)...
Anjarwalla & Khanna
The Finance Bill, 2020 was published on 5 May 2020 (the Bill) to make amendments to a raft of laws in Kenya, including the Income Tax Act (CAP 470), the Value Added Tax Act, 2013...
Dentons
On Tuesday 5 November 2019, the National Assembly will vote to either retain or remove the interest rate cap that has regulated interest rates on lending in Kenya
Anjarwalla & Khanna
The Budget Statement for the Financial Year 2019-2020 was read on 13 June 2019 by the Cabinet Secretary, Ministry of National Treasury and Planning. Consequently, on 27 June 2019, the Finance Bill 2019 ...
Dentons
The Housing Fund Regulations, 2018 (the Regulations) were gazetted on Friday 21 December 2018 and require that:
Anjarwalla & Khanna
There is a significant legislative effort by Parliament to amend the Law of Contract Act.
TripleOKLaw
Miller Bwire and Janet Othero, both Associates at TRIPLEOKLAW, speak about the expectations banks have of their legal service providers.
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