Over the last three years, Kenya’s energy sector has been subject to a series of reviews, each marked by a moratorium on Power Purchase Agreements (PPAs). The process began in 2021 with the Presidential Taskforce on PPAs which imposed a moratorium on new PPAs to prevent further commitments while the sector recalibrated. Next came the 2023 Senate inquiry, initiated to examine the issues raised by the Taskforce in greater detail. As part of its review, the Senate extended the moratorium. Most recently, the National Assembly imposed its moratorium on new PPAs on 20 April 2023, as part of its inquiry into the energy sector.
Continue readingKenya: The Business Laws (Amendment) Bill, 2024
The Business Laws (Amendment) Bill, 2024 (the Bill) was recently tabled in the National Assembly. It proposes several changes that will affect the banking and financial sector.
Continue readingKenya: Land sales in insolvency – Court ruling empowers administrators with flexibility
In Kenya, there’s been an ongoing debate among insolvency professionals on whether administrators can sell land under a fixed charge without following the detailed sale procedures set out in the Land Act of 2012. Secured lenders (like banks) looking to sell a borrower’s land must issue several notices before being entitled to proceed with the sale. These notices give the borrower time to repay the loan before the sale can go forward. The sale price is also restricted.
Continue readingFive key points for corporate taxpayers to keep in mind as Kenya’s tax system strengthens
This article provides five pointers that should be top of mind for business taxpayers in Kenya’s evolving tax environment.
Continue readingKenya: Incidental or deliberate? The fine line over copyright infringement
The High Court of Kenya (the Court) in Nancy Chelagat Cherwon v. Hon. Martha Karua & 5 others addressed the complexities of copyright law and consent within our ever-changing digital landscape. The Court ruled that incidental use that is minor or secondary and is not intended as the main use of one’s copyright does not constitute an infringement under the Constitution of Kenya 2010 (Constitution) or the Copyright Act (Chapter 130) laws of Kenya (Copyright Act).
Continue readingKenya: The Government proposes the enactment of the Tax Laws (Amendment) Bill, 2024 and the Business Laws (Amendment) Bill, 2024
On 31 October 2024, the Cabinet Secretary, National Treasury and Economic Planning (the Cabinet Secretary National Treasury) published an explanatory note on changes proposed to be introduced by the Tax Laws (Amendment) Bill 2024 (the Tax Laws Amendment Bill) and the Business Laws (Amendment) Bill 2024 (the Business Laws Amendment Bill).
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