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Legislative Update – May 2024Download

Legislative Update – Vol 02 AprilDownload

Legislative Regulatory Update – Vol 1 April – O’Bang LawDownload

Legislative-Update-O’Bang LawDownload 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...

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...

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...

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...

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 (“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,...

In 2021, via the Finance Act 2021, Kenya adopted the Common Reporting Standard (CRS) through Section 6B of the Tax Procedures Act. This section mandated the government to create specific regulations for implementing the CRS. These Regulations act as a guide for financial institutions (like banks and investment firms) in Kenya. They outline the specific requirements for compliance that these...