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ALN

Significant Changes for Not-for-Profits as PBO Act Comes into Effect After 11 Years

Without any forewarning, the current administration operationalised the 11 years old, Public Benefits Organisations Act which replaces the 30-year-old Non-Governmental Organisations Coordination Act, significantly altering the regulation of not-for-profit entities.

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Clyde & Co.

Kenyan labour laws: Current jurisprudence on the right to strike in the essential service sectors

A cursory glance at the fundamental rights and freedoms set out in the bill of rights in the Constitution of Kenya 2010 (the Constitution) may lead a person to conclude that all workers have a constitutional right to engage in a lawful strike. But is this the correct posi..

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MWC Legal

The Capital Markets (Alternative Investment Funds) Regulations, 2023

Alternative Investment Funds comprised of private equity funds, hedge funds and venture capitalist funds may soon be required to obtain licensing from the Capital Markets Authority in order to pool funds from investors in Kenya and beyond for investment in the Kenyan mark..

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Bowmans

Kenya overhauls its regulations on the public offer of securities and listings

Kenya has overhauled the regulatory framework applicable to the public offer of securities to persons in Kenya. The Capital Markets (Public Offers, Listings and Disclosures) Regulations, 2023 (the Public Offer Regulations), which came into effect as of 15 December 2023, w..

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Clyde & Co.

Kenya Bolsters AML and CFT Regulation Framework with Anti-Money Laundering and Combating of Terrorism Financing Laws (Amendment) Act

The Anti-Money Laundering and Combating of Terrorism Financing (AML and CFT) Laws (Amendment) ACT, 2023 was assented into law on the 1st of September 2023 and came into force on 15th September 2023. The Act is testament to Kenya’s continued commitment to combating illicit..

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Pinsent Masons

Kenya publishes plans for first nuclear power plant

A recently unveiled strategic plan provides a roadmap for the establishment of Kenya’s first nuclear power plant with aims of bolstering the country’s energy capacity while reducing CO2 emissions, an expert has said. The plan follows the successful introduction of Kenya’s..

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ALN

Guidelines for Employment Termination on Medical Grounds

In Kenya’s dynamic employment landscape, terminating employees on medical grounds poses significant challenges for employers as employers must weigh between productivity and being sensitive in the face of medical incapacity. While the Employment Act, 2007 provides criteri..

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ALN

Analysis of the Key Provisions and Implications of the Affordable Housing Act, 2024

The Affordable Housing Act, 2024 was gazetted on 19 March 2024 after being signed into law by the President on the same date. The Act serves to implement constitutional mandates regarding the right to accessible and adequate housing and sanitation standards while establis..

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Bowmans

Kenya Introduces New Licensing Category to Regulate Private Equity and Venture Capital

The Cabinet Secretary for the National Treasury and Planning recently gazetted the Capital Markets (Alternative Investment Funds) Regulations, 2023, which took effect on 15 December 2023. These new regulations are an off-shoot of the Capital Markets (Collective Investment..

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