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ALN

Immediate Taxpayer Considerations for July 2023 After Lifting of Finance Act, 2023 Suspension

>In June 2023, the Finance Act of 2023 (the Act) brought significant changes to Kenya’s taxation statutes. However, the Act faced a suspension due to a constitutional petition, causing uncertainty for taxpayers. A Court of Appeal ruling on 28 July 2023 has now lifted the ..
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MWC Legal

Landmark Judgement: The Onus of Proving Land Title Validity Shifts to the Buyer

The Supreme Court of Kenya recently rendered a landmark decision in the case of Dina Management Limited v County Government of Mombasa and 5 others (Petition No. 8 (E010) of 2021), on 21 April 2023, carrying far-reaching implications for property investors and stakeholder..

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MMAN Advocates

The Evolving Regulatory Landscape of Climate Change in Kenya

Climate change poses significant challenges to Kenya, impacting various sectors such as agriculture, water resources, health, and infrastructure. The country is vulnerable to droughts, floods, and extreme weather events, which have adverse effects on food security, water ..

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Bowmans

The role of grid scale battery energy storage systems in helping Kenya achieve its renewable energy goals

Over the past decade, Kenya has made significant strides in increasing its generation capacity from renewable energy sources. Current statistics show that renewable energy contributes to over 80% of the power injected..

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Cliffe Dekker Hofmeyr

Charting a course for public land reform through the Land (Amendment) Bill, 2022

Kenya has historically struggled with a major crisis in its public land tenure system. This crisis is known as “land grabbing” and is the illegal and irregular allocation of land meant for public purposes to private individuals and corporations. There are many contributor..

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Cliffe Dekker Hofmeyr

Finance Bill, 2023: An analysis of the major tax proposals

The long-awaited Finance Bill, 2023 (Bill) was finally tabled before the National Assembly on 4 May 2023. The Bill comes after a lot of speculation by taxpayers, lobbying by business associations, and speeches or promises from government officials.

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KN Law

The Capital Markets (Investment-Based Crowdfunding) Regulations, 2022

The Capital Markets (Investment-Based Crowdfunding) Regulations, 2022 (the “Regulations”) have been gazetted. The Regulations enable start-ups and growing businesses to raise money from individuals or entities to either finance a project or business through crowdfunding p..

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TripleOKLaw

A Lender’s Duty of Care while exercising the Power of Sale

The Daily Nation published a newspaper article on 21st March 2023 which has elicited much concern, especially from lenders on the issue of guarantees as security for a debt, with financiers worrying that guarantors, who are supposed to be a fallback when a loan goes bad, ..

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ALN

President Ruto Announces the Introduction of Various Tax Legislative Changes

The American Chamber of Commerce Business Summit was held on 29 and 30 March 2023 in Nairobi. The objective of the Business Summit was to provide a strategic platform for strengthening two-way trade and investment between the US and East Africa though unleashing the power..

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