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More on Economy
21 Mar 2024
EAC’s plan to boost intra-regional trade by eliminating non-trade barriers.
In the complex world of international trade, barriers come in various forms, extending beyond the traditional realm of tariffs. Non-tariff barriers (NTBs) represent a diverse array of obstacles employ...
21 Mar 2024
Enhancing tax compliance to boost revenue: Expanding the tax bracket and prudent spending must go hand in hand.
Meeting Kenya’s ever-growing development needs, largely financed through taxation, is an arduous task. The broader fiscal context Kenya finds itself in currently makes even the challenge dauntin...
21 Mar 2024
Global disputes in taxi-hailing services reveal regulatory challenges: Insights from Australia.
Earlier this week, more than 8,000 taxi and hire car drivers in Australia emerged victorious in a class-action lawsuit against Uber. They sought compensation for the financial setbacks they endured fo...
21 Mar 2024
The TikTok ban debate: National security, free speech and global tech competition
Recurrent attempts by the US government to ban TikTok, the popular social media app, have sparked debates not just about national security concerns but also about the broader implications for tech com...
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...
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