TripleOKLaw

LEGAL ALERTS

THE NATIONAL ASSEMBLY PROPOSES A NEW REGIME FOR PETROLEUM PRICING IN KENYA

Introduction In October 2021, the Petroleum Products (Taxes and Levies) (Amendment) Bill 2021 (hereinafter ‘the Bill’) was tabled in the National Assembly by the Departmental Committee on Finance and National Planning. The Bill, if enacted, would introduce various changes to the petroleum pricing framework in Kenya. The Bill was introduced amid concerns regarding the drastic …

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Client Alert: Central Bank of Kenya Mandates Climate-Related Financial Disclosures

On October 15, 2021, the Central Bank of Kenya published the Guidance on Climate-related Risk Management, issued under section 33(4) of the Banking Act, Cap 488, which empowers the Central Bank of Kenya to guide institutions in order to maintain a stable and efficient banking and financial system. Under the Guidance, the Board of Directors …

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Is your Digital Lending Platform licensed? Review of the Central Bank of Kenya (Amendment) Act, 2021

“Regulation has to catch up with Innovation” Henry Paulson, U.S. Secretary of the Treasury Kenya has been at the forefront of financial innovation since the launch of mobile money transfer systems in 2007. In the last few years, digital lending in Kenya has grown exponentially because of high mobile phone penetration, adoption of mobile money …

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environmental, social and corporate governance ESG guidelines

Client Alert: Nairobi Securities Exchange ESG Disclosure Requirements

“A Company’s primary purpose can no longer be simply to make a profit for shareholders” Milton Friedman Over the last few decades, there has been a concerted effort within the business community to align company operations with the values and aspirations of their clients. Today there are myriad ways of achieving this goal and different …

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client alert on land laws amendment act for coastal land

LEGAL ALERT: Reprieve for lenders as Court strikes down S.47 of the Land Laws (Amendment Act) 2016

“Equal justice under the law is perhaps the most inspiring ideal of our society; it is one of the ends for which our entire legal system exists” U.S. Supreme Court Justice Lewis Powell Jr. This dictum on ‘equal justice under the law’ as espoused by Justice Powell was recently tested in Kenya in Malindi Law …

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huduma namba implementation halted

Legal Alert: Huduma Namba Initiative, Judicial Review Application No. E1138 OF 2020

The roll-out and implementation of the Huduma Namba in Kenya was brought to a grinding halt in a recent decision by the High Court. The High court declared the Huduma Namba initiative illegal on the grounds that the process was not in adherence to the Data Protection Act 2019 (‘the Act’). An overview of the …

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LEGAL ALERT: Digital Service Tax Under The Kenya Budget 2021

On 10th June 2021, The National Treasury & Planning Cabinet Secretary Hon. Amb. Ukur Yattani presented the budget for the  2021/2022 financial year amidst the country’s efforts to navigate the challenges associated with the COVID-19 Pandemic.   Notably, the budget set out measures on the Digital Service Tax regime which was introduced through the Income Tax …

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TripleOKLaw Comments on the Data Protection General Regulations

TripleOKLaw Comments On The Draft Data Protection General, Regulations 2021

In April 2021, the office of the Kenyan Data Commissioner issued draft guidelines which were subjected to public participation before their adoption. These are:  The Data Protection(Compliance & Enforcement) regulation, 2021;  Data Protection (Registration of Data Controllers & Data Processors) Regulations, 2021; and   The Data Protection (General) Regulations, 2021.  Our firm was one of the …

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TripleOKLaw Comments On The Data Protection General, Compliance And Enforcement Regulations, 2021

In April 2021, the office of the Kenyan Data Commissioner issued draft data protection guidelines which were subjected to public participation before their adoption. These are:  The Data Protection(Compliance & Enforcement) Regulation, 2021;  Data Protection (Registration of Data Controllers & Data Processors) Regulations, 2021; and   The Data Protection (General) Regulations, 2021.  Our firm was one …

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TripleOKLaw Comments On Data Protection (Registration Of Data Controllers & Data Processors) Regulations, 2021

In April 2021, the office of the Kenyan Data Commissioner issued draft guidelines which were subjected to public participation before their adoption. These are:  The Data Protection(Compliance & Enforcement) Regulation, 2021;  Data Protection (Registration of Data Controllers & Data Processors) Regulations, 2021; and   The Data Protection (General) Regulations, 2021.  Our firm was one of the …

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