Insights

Summary Local content is the added value brought to the Kenyan economy through procuring locally available services, goods, supplies and work force. The Objectives of The Bill To provide a framework for regulation of local content by prescribing minimum local content quotas in various sectors: To promote the local industry and sourcing of locally produced goods and services To...

Kilimall International Limited secured our services after a Court without jurisdiction to address certain employment disputes awarded the Claimant KES. 2,625,000 in Mavoko CMCC ELRC No. 16 of 2020. We challenged the legality of the judicial decision; however, in the interest of justice and flexible labour courts practices, the Claimant was allowed to file a fresh case, in this case (Nairobi...

Our Client, then serving as a Financial Controller at DHL Supply Chain Kenya Limited-Kasarani, was terminated from her role on allegedly being in contravention of her employer’s, DHL’s (Respondent), Conflict of Interest policies. This was despite our Client making the necessary disclosures, which were of less risk to the interest of the business. Furthermore, at this stage, the employer did...

Introduction. A citizen of Kenya can possess land under the freehold or leasehold tenure system. A foreign investor is restricted to a leasehold interest only for a maximum of 99 years, but under freehold, the land interest automatically reverts to a leasehold interest.  The summary below discusses the process of purchasing land. Due diligence. Due diligence is crucial for an...

Land under the Constitution of Kenya is classified into public, private, and community land. Public Land This is land vested and managed by the state on behalf of citizens. It is mainly where roads, government buildings, and other state property are based. Public land can only be sold or transferred to a foreigner as private land under a leasehold interest through a grant of lease...

The Capital Markets Authority (CMA) of Kenya regulates various sectors within the securities and capital markets industry. Section 23 of the Capital Markets Act provides for licenses required under the securities industry, covering securities exchanges, commodities/derivatives exchanges, registered venture capital companies, collective investment schemes, and credit rating agencies, among...

Business Type: Authorized depositories, or custodians, are banks licensed under the Banking Act or financial institutions approved by the CMA to hold in custody funds, securities, financial instruments, or documents of title to assets registered in the name of local, East African, or foreign investors, or of investment portfolios. Every investment adviser and fund manager that manages...

Business Type: Cross-border listing is an activity (not a standalone license) that requires CMA approval for Kenyan companies seeking to list their securities on foreign stock exchanges or for foreign companies seeking to list their securities on Kenyan exchanges (e.g., the Nairobi Securities Exchange). Licensing Requirements: Kenyan companies seeking foreign listings must provide evidence...

Business Type: The Regulatory Sandbox is not a license but a controlled environment established by the CMA to allow innovative financial products, services, and business models to be tested under regulatory supervision. It enables fintech companies and other innovators to experiment with new technologies and approaches without immediately complying with all regulatory requirements....

Business Type: Alternative Investment Funds (AIFs) are specialized investment vehicles that pool capital from sophisticated investors to invest in alternative assets beyond traditional stocks and bonds. AIFs may invest in private equity, venture capital, real estate, infrastructure, hedge fund strategies, commodities, and other non-traditional asset classes. These funds target institutional...