Proposed Regulations on Share Buybacks under the draft Capital Markets (Securities)(Public Offers Listings and Disclosure) Regulations, 2022

The Capital Markets Authority (CMA) has published draft rules that will, among other things, provide for share buybacks by listed companies in Kenya. Despite the Companies Act, 2015, introducing the concept of share buyback in the country, the CMA expressed concerns that the move could

What you need to know about unclaimed financial assets

Recent media revelations paint a shocking picture of vast amounts of unclaimed assets that lie idle despite Kenyans going through a tough economic season. According to the media reports, the amount of unclaimed assets currently stands at KSh 55 billion, with a paltry KSh 1

19th November 2021 Parliamentary Round Up

NATIONAL ASSEMBLY PAPERS LAID The following papers were laid at the Table of the House among others: Legal Notice No.222 relating to the Public Finance Management, the National Roads Toll Fund Regulations of 2021 and the explanatory memorandum from the National Treasury. The Kenya Bankers