Legislative Update – February 2024
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The Republic of Kenya has two forms of Governments, which are the National Government andCounty Government. These two governments have unique responsibilities that are independent,and interdependent and sometimes may co-share or agree on how to best surrender certain roles toa desired government to take charge as long as the arrangement is within...
Finance Bill, 2024 – Digital Market Place
On November 10, 2024, Ong’anya Ombo Advocates LLP shared its recommendations concerning the Fiscal Budget for the Financial Year 2024/2025 to the Ministry of National Treasury & Economic Planning. on March 08, 2024, the Budget Team for the Ministry of National Treasury & Economic Planning invited us to make oral submissions and make clarifications on March 14, 2024, whereby one of our...
Precious Metal Transaction Due Diligence: Saving a Client USD 150 Million
Our Client based in the United Kingdom (UK) was keen on purchasing gold from the East Africa Market. The Client’s transactions had a contract value of about one hundred and fifty million dollars (USD 150 million) whereby the first phase of the transaction was to be about USD 15 million or thereabouts.
We received instructions to conduct due diligence concerning the agents’, and the sellers...
Kenya Citizenship and Immigration (Amendment Regulations) 2023
The Cabinet Secretary for Interior and National Administration amended The Kenya Citizenship and Immigration Regulations, 2012, (hereinafter referred to as the “Principal Regulations”) thereby formulating the Kenya Citizenship and Immigration (Amendment) Regulations, 2023.
Section 15A of the amended Regulations mandates the Director to create an Electronic Travel Authorization (ETA) system...
The Local Content Bill, 2023
Introduction.
The proposed Local content bill models Local content legislation from other jurisdictions. Generally, local content legislations aim at persuading investors in the extractives sector, in this case, oil, gas, and mining sectors to develop plans on how local communities will benefit through employment, value addition, technology, and knowledge transfer.
Objective of the bill...