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BENCHMARK: EFFECTIVENESS OF PUBLIC PRIVATE PARTNERSHIPS IN KENYA

In 2017, the World Bank published a report entitled Benchmarking Public Private Partnerships (World Bank Report) following the review of legislation and practices of eighty-two (82) countries (including Kenya). The objective of the World Bank Report was to give empirically based authoritative guidance on Public Private Partnerships (PPPs). This comparative analysis was conducted under the […]

TWO CENTS: THE SALE & LEASEBACK MODEL ALTERNATIVE

Conventional debt and equity financing models have become largely inaccessible amidst the economic slump that has been occasioned by the global financial crisis. The ramifications of this have been felt in Kenya where there has been a slow-down on lending to the private sector. This has inadvertently resulted in a deceleration of economic growth as […]

SEALING THE LOOPHOLES: PROPOSED DISCLOSURE RULES UNDER THE COMMON REPORTING STANDARDS

As is now well-known, Kenya has signed on to the multi-lateral framework for the sharing of financial information that enables tax authorities detect those seeking to use international borders to avoid paying tax. The Multilateral Convention on Mutual Administrative Assistance in Tax Matters established the Common Reporting Standards (CRS) that were approved by the Organisation for Economic […]

ONWARD FORWARD: GROWTH OF ISLAMIC CAPITAL MARKETS IN KENYA

Authored by Patricia Mutiso A capital market is a medium for the buying and selling of equity securities (shares) and debt securities (bonds), in order to raise medium to long-term financing. A company may issue securities either through shares or bonds to raise money. Bonds may also be issued by entities who are in need […]

PERMISSION TO ENTER AND WORK:WHAT FOREIGNERS NEED TO KNOW ABOUT WORKING IN KENYA

Kenya has one of the largest and fastest growing economies in East and Central Africa, specifically in the areas of agriculture, manufacturing and mining. As a thriving regional business market, the country has seen many multinationals and non-governmental organisations set up base here. This has caused a large number of foreign nationals to migrate into […]


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The Finance Bill, 2018

The Cabinet Secretary for National Treasury and planning, Mr. Henry Rotich, has tabled in parliament the Finance Bill, 2018 which seeks to realize the Governments Big Four Agenda by boosting revenue collection by expanding the tax base in Kenya Click here to download a summery of the key changes.

New directives affecting work permits in Kenya

On the 20th of April, 2018, the Cabinet Secretary for Interior and Coordination of National Government, Dr. Fred Matiangi, issued directives requiring all foreigners to regularise their work permits within sixty (60) days. The directives were issued during a Parliamentary Security Committee meeting in Mombasa. The directives require foreigners to obtain electronic work permits and […]

Doing justice: The new statutes changing Kenya’s dispute resolution system

Critics of Kenya’s judiciary and the justice system have for long complained about the backlog of cases and the slow turning wheels of justice. It is however worth noting that there have been significant steps towards clearing the backlog of cases in the recent years. 2016 was no exception and a few inroads were made […]

Tax reprieve: Kenya’s new Tax Amnesty Guidelines released

Since June 2016, when Kenya’s Cabinet Secretary for Finance announced that the Government would extend a tax amnesty on foreign income in the annual budget speech, there has been anticipation around the proposed amnesty. Anticipation for the Government to release the related Guidelines, which the Kenya Revenue Authority (KRA) recently did earlier this month. The […]