Social Loan Principles
What Are Social Loans?
Social loans are defined as loan instruments or contingent facilities (such as bonding or guarantee lines) where the proceeds are exclusively used to finance or refinance eligible Social Projects, in alignment with the four core components of the Social Loan Principles (SLP). These projects must demonstrate clear social objectives and target populations, and the...
Corporate Tax Practice Guide 2025 – Chambers & Partners
Topics covered:
Types of business entities and their basic tax treatment;
Key features of the tax regime applicable to incorporate businesses;
The division of the tax base between corporations and non-corporate businesses;
Key features of the taxation of inbound investments;
Key features of the taxation of non-local corporations;
Key features of the taxation of foreign...
Kenya’s Public Sector Reform
Kenya’s Cabinet recently approved plans to dissolve or merge several state corporations, consequently raising several legal and policy considerations. This action, undertaken pursuant to a budgetary support program with the International Monetary Fund (IMF) and the World Bank, necessitates analysis within the framework of Kenyan law, including the Constitution of Kenya, 2010, the State...
Models for Share Sale and Transfer of a Company
The primary models of corporate entity acquisition are usually through share or asset acquisition. Various factors influence the decision to settle on either of the two. In this write-up, the focus is on acquisition through shares, as discussed below.
1. Completion Accounts
In this model, the parties initially agree on an estimated sale price and upon completion, the “completion...
Chambers & Partners – Corporate Tax 2024 Kenya
Chambers & Partners – Corporate Tax 2024 KenyaDownload
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...
The Investment Promotion and Facilitation Bill, 2023
The Investment Promotion and Facilitation Bill, 2023 (“Bill”), whose purpose is to make it easier for businesses to invest in the country by simplifying administrative procedures, improving transparency, and reducing bureaucratic procedures.
To begin with, the Bill has established the Kenya Investment Corporation (KIC) (“Corporation”), which will replace the Kenya Investment Authority,...