Executive Walkway

Parliamentary Aisle

PARLIAMENT IN RECESS, BUT SPECIAL SESSIONS ANTICIPATED RECESS

Both Houses of Parliament, the National Assembly and the Senate, are currently in recess till 13th February 2023.

POTENTIAL SPECIAL SESSIONS

However, the National Assembly is likely to have a special sitting in the course of the recess. Part of the agenda for this special session is likely to be on the Affordable Housing Bill, 2023, as the Government races to align with the strict pronouncements of the High Court in the Finance Act ruling delivered in November.

Corridors ofJustice

Talking of Which

COMMENCEMENT OF ISSB SUSTAINABILITY STANDARDS

With the release of the first two International Sustainability Disclosure Standards (IFRS SDS or the Standards) on 26 June 2023 by the International Sustainability Standards Board (ISSB), entities are anticipated to begin complying with these standards as they become effective for periods beginning on or after 1 January 2024.

REGULATION OF AI

With the European Union passing the Artificial Intelligence (AI) Act, the clamor for regulation of artificial intelligence is likely to heat up in 2024. Backed up by the increased embrace of artificial intelligence in almost all, if not all, facets of human life, striking a balance for ethical appropriation of AI is fundamental. Kenyan legislators have been on the push to regulate AI in the country and drawing inference as to how the General Data Protection Regulation (GDPR) was tailored for the Kenyan context, it is one of the key legal and policy conversations to watch out for in 2024

MOVING UP

Having held the position in an acting capacity since June 2023, Hilda Njeru has been formally appointed as the Director of Legal and Group Company Secretary of Britam Holdings Plc. Ms. Njeru has previously worked at the Capital Markets Authority (CMA), ABSA Bank and the Arusha-based EAC Capital Markets, Insurance and Pensions Committee (CMIPC).