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More on Economy
14 Mar 2024
Who is Who: Meet Raimond Molenje, the new Acting CEO of Kenya Bankers Association
Mr Molenje joined the Kenya Bankers Association in 2018 and has 19 years of experience in legal and regulatory practice, human capital, and policy advocacy, having held senior management roles in lead...
14 Mar 2024
Kenya joins the Egmont Group: Implications on businesses and the war against money laundering and terrorism financing
Kenya has recently been under increased spotlight, particularly on the money laundering and terrorism financing (ML/TF) front. The Financial Action Task Force (FATF) recently put Kenya on the heighten...
14 Mar 2024
AfCFTA Digital Trade Protocol: A review of the key to overcoming barriers to intra-Africa digital trade.
Digital trade, defined as digitally enabled transactions for the trade of goods and services, is reshaping the global economy and the regional economy is not exempted. Its impact on growth, developmen...
14 Mar 2024
National Building Code 2024: Revolutionising Kenya’s construction sector for world-class digital infrastructure and economic growth.
In a landmark move set to redefine Kenya’s urban landscape, the Cabinet Secretary for Lands, Public Works, Housing, and Urban Development has unveiled the much-anticipated National Building Code...
14 Mar 2024
Ending monopoly to curb frequent power outages: Further review of the new energy regulations.
In last week’s Vellum, we covered the draft Energy (Electricity Market, Bulk Supply and Open Access) Regulations, which opened access to the entire value chain of the electricity grid to anyone inte...
9 Mar 2024
FKE slams PSRA for unilateral actions impacting jobs and contracts
The Private Security Regulatory Authority (PSRA) in February 2024 released a Legal Notice notifying the general public of a list of 726 registered and licensed corporate private security service provi...
9 Mar 2024
Simplifying tax compliance: How small businesses can join the eTIMS bandwagon.
In a groundbreaking move aimed at revolutionising tax collection, the Kenya Revenue Authority (KRA) has introduced the electronic Tax Invoice Management System (eTIMS), mandating all businesses to ele...
9 Mar 2024
New energy regulations set to open Kenya’s electricity market to competition and investment.
One of the biggest problems the electricity market has faced in Kenya has been the monopoly over the transmission and distribution of electricity in the country by two state agencies. Transmission and...
8 Mar 2024
Kenyan banking sector balances strong profits with sovereign exposure challenges
Fitch Ratings recently conducted a peer review, where they assessed the creditworthiness of three bank holding companies – KCB Group PLC, NCBA Group PLC, and I&M Group Plc – along with...
1 Mar 2024
Trade and Financial Services Round-Up
Kenya Puzzle of counties running 1,400 illegal bank accounts County governments are operating more than 1,400 accounts in Kenyan commercial banks, in breach of the law that requires them to hold their...
1 Mar 2024
SAMA hosts President Ruto, Ethiopia’s PM to discuss Kenya’s digital transformation
On Tuesday this week, SAMA AI was host to Kenya’s President William Samoei Ruto and Ethiopia’s Prime Minister Abiy Ahmed, alongside Kenya’s Cabinet Secretary for Information, Communication...
1 Mar 2024
An analysis of foreign competition regulations in comparison to the COMESA regulations.
Competition law comprises a set of legal rules which aim to control the socially harmful exercise of private market power, whether through hardcore cartels, single-firm monopolies, or mergers that red...
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