Commodities Brokers License
Business Type: Commodities brokers are companies cleared by commodity exchanges and licensed by the CMA to carry on the business of purchase or sale of commodities contracts as agents for investors or on their own account.
Licensing Requirements: Must be a company limited by shares, have a chief executive officer who is fit and proper with at least five years of experience in buying,...
Sustainability-Linked Loan Principles
What Is Sustainability-Linked Loans (SLLs)?
Sustainability-Linked Loans (SLLs) are a form of financing where the borrower’s cost of capital is tied to their achievement of predefined Sustainability Performance Targets (SPTs). Unlike green or social loans whose use of proceeds must be earmarked for eligible projects, SLLs can be used for general corporate purposes, provided the...
Green Loan Principles
The Green Loan Principles (GLPs) are a set of voluntary and recommended guidelines that establish a framework for loan instruments exclusively designated to finance or re-finance “Green Projects.” GLPs’ defining legal characteristic is the strict application of its proceeds for environmentally beneficial purposes. The GLPs are structured around four core components, which serve as...
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...
Public Affairs: The Fiscal Budget for Financial Year 2025 – 2026
O’Bang Law was invited by the National Treasury to make oral submissions concerning its written submissions on the need for the National Treasury to review its tax approach on virtual assets as per the Income Tax Act and restructuring the wording of Income Tax (Charitable Organisations and Donations Exemption) Rules, 2024.
Ombo Malumbe, Partner said “Since the official launch...
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...
Initial Public Offers. Cross Listing in Kenya Q&A
Initial Public Offers. Cross Listing in Kenya Q&ADownload