Introduction Ideas often grow into businesses. As the business continues to morph and grow, one of the most important factors to consider is the best type of entity to register in order to efficiently support service delivery. Considerations The type…
In November 2021, the Nairobi Securities Exchange released its Environmental, Social and Governance (ESG) Disclosures Guidance Manual to give directions to listed companies on how to collect, analyse, and publicly disclose important ESG data. The manual makes boards responsible for…
In the corporate world, company secretaries are the custodians of very important information for the companies under which they are officers. This is in line with the requirements of the Companies Act, which requires that a company maintains and retains…
The Employment and Labour Relations Court recently reinforced governance of state corporations must align with the Code of Corporate Governance for State Corporations. This code also called the Mwongozo Code is the law on how CEOs of state corporations are appointed….
Current Provisions on Beneficial Ownership The Companies Act, No. 17 of 2015 (the Act) requires a company to disclose its beneficial owners to the Registrar of Companies (the Registrar). A Beneficial Owner under the Act is a natural person who…
By Executive Order Number 2 of 2018 issued by the President on 14 June 2018, all Kenyan government entities and public owned institutions were required to publish full details of tenders and awards from July 01, 2018. The Order required…
Introduction The Business Registration Service (“BRS”) published for public consultation several bills in an effort to address current legislative gaps and harmonise the business regulatory framework. The bills published were the Insolvency (Amendment) Bill, 2021; the Hire Purchase (Amendment) Bill,…
In a recent news conference, the Governor of the Central Bank of Kenya, Dr Patrick Njoroge, said that Kenya’s underlying economic numbers pointed to “strong growth” in 2020, despite the coronavirus global pandemic. The Central Bank of Kenya and the…