Welcome to the latest East African IP Newsletter issue, filled with interesting articles by Bowmans, particularly covering some key legal updates from the last few months.
Continue readingEast Africa: IP Quarterly Newsletter – Q3 2023
Africa: Tax and currency controls in infrastructure-build projects
Tax should not be an afterthought in major infrastructure projects across Sub-Saharan Africa. Apart from the possible consequences of having to deal with disputes with the tax authorities, contractors could find themselves working for losses.
Continue readingKenya: Competition authority launches animal feeds sector inquiry
On 29 September 2023, the Competition Authority of Kenya (CAK) announced its intention to undertake a comprehensive market inquiry into the animal feeds sector (Market Inquiry).
Continue readingHarnessing Africa’s free trade agenda – AfCFTA Protocol on Competition
The AfCFTA is alive to the fact that anti-competitive and other restrictive business practices constitute an obstacle to the achievement of a single African market. Consequently, the AfCFTA makes provision for a Protocol on Competition Policy (the Protocol), which we discuss in this part of the series.
Continue readingKenya: The Medium-Term Revenue Strategy
The Ministry of National Treasury and Economic Planning (the National Treasury) has released the Medium–Term Revenue Strategy (MTRS or the Strategy) for the financial years 2024/25 – 2026/27. The newly released MTRS is dubbed “An Approach for Enhancing Domestic Revenue.” The Strategy aims to boost Kenya’s tax revenues, specifically by raising Kenya’s revenue yield from the current 13.5% of the Gross Domestic Product (GDP) to at least 20% of the GDP by the end of the financial year 2026/27. This would be in line with the East African Community (EAC) target. The National Treasury has rolled out the Strategy at a time when there has been a decline in tax revenues as a share of the GDP and the increase in budget expenditure pressures has resulted in a rise in the fiscal deficit to 5.5% of the GDP in the financial year 2022/23.
Continue readingKenya: The path towards unlocking the mining sector – Reflections from the 2023 Kenya Mining Week
The Bowmans Mining Team was privileged to be part of the 2023 Kenya Mining Week hosted by the Kenya Chamber of Mines which brought together stakeholders from across the mining value chain in Kenya. The conference was an opportunity to discuss various pertinent issues affecting the sector and reforms necessary to improve the operating and regulatory environment under the theme of “promoting an inclusive approach in Kenya’s mining sector to drive economic growth.”
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