Private Sector

Key takeaways from Africa’s Private Sector Dialogue on the AfCFTA

The Africa Private Sector Dialogue on the African Continental Free Trade Area (AfCTA) was hosted by the Kenyan government, under the 3rd Kenya International Investment Conference (KIICO) from Monday 29th to Wednesday 31st May 2023 at the Safari Park Hotel in Nairobi, Kenya, bringing together

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Dynamics of the booming ‘mitumba’ industry and possible lessons for corporates

Second-hand clothes or  ‘mitumba’ as they are popularly known in Kenya, are disposed of clothes previously worn in developed countries and imported to countries such as Kenya and other countries in Africa where they look fashionable and appealing, hence ‘trashion’. Many are familiar with the

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Cytonn’s dilemma in the face of liquidation order

A high court ruling in Kenya this week has ordered the liquidation of two funds owned by Cytonn Real Estate – Cytonn High Yields Solution (CHYS) and the Cytonn Real Estate Project Notes (CPN) – to recover Kshs 14 billion owed to 4,000 investors. Some

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A stitch in time to tame doping saves Kenya from global athletics ban

The Kenyan government pledged to provide an additional $5 million a year for the next five years to strengthen Kenya’s anti-doping programmes. This proved to be the magic bullet that saw Kenyan athletics survive the looming global ban from World Athletics due to a flood

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Treasury avoids tricky decision on long-term action on fuel

The good news from the Budget Statement was that fuel would be spared the proposed 10 per cent increase in Excise Duty that the Treasury has asked the National Assembly to impose on Kenyans when the Finance Bill is passed.  The bad news, according to

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Tax Talk Series webinar: A look at post Budget effect on taxes

The Tax Talk Series hosted by the Kenya Revenue Authority held a webinar on April 8, 2022, to discuss the post budget effects on taxes. The session which lasted for close to an hour was moderated by Nixon Omondi – Manager, Digital Economy, Tax Office.

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Election Data Concerns: IEBC, private sector and the public face risks

Against the backdrop of the 2022 General Election, Kenyans have been receiving unsolicited political messages, as political parties clamber to influence voters. Voter registration has been in overdrive, currently in the second phase of the enhanced continuous voter registration due to end on February 6,

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The year in review: Highlights on key legislative interventions that impacted the private sector

Several legislative interventions that have affected the private sector came into force in 2021. As the year draws to a close, we look back at some of these interventions and their resultant impact. The Finance Act, 2021 (the Finance Act) exempted resident persons from Digital

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Effects of Government Domestic Borrowing to Private Sector Investment in Kenya

By: John Mburu The EGCL Institute recently conducted a study on the impact that Government domestic borrowing has on private sector investment in Kenya. In summary, the study established that Government domestic borrowing can affect private investment negatively by reducing the amount of credit available

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USIU-Africa kicks off an international search for a Vice-Chancellor

The United States International University-Africa (USIU-Africa) has commenced an international executive search seeking to retain a substantive Vice-Chancellor to lead the premier higher education institution. The process will be spearheaded by a United Kingdom-based firm, Oxford HR, a specialist executive search and organizational effectiveness firm

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KEPSA and Stakeholder hold Consultative Forum on National REDD+ Strategy and Investment Plan

The private sector alliance (KEPSA) collaborated with the Ministry of Environment and Forestry and UNDP in the organisation of the REDD+ strategy consultation forum that took place at Nyali Sun Africa Beach Resort, Mombasa, on Tuesday, October 19, 2021.  The regional consultation forums were organised

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Notable Strides on the Road to Diversity, Equity and Inclusion at the Workplace

Recently, the Kenya Institute of Management (KIM), Kenya Private Sector Alliance (KEPSA), Nairobi Securities Exchange (NSE) and New Faces New Voices (NFNV)collaborated on a project to examine the impact of diversity and inclusion on organisational performance, decision-making, and productivity in the boardroom. The study sought

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Let’s Talk Conversational Commerce

Digital technology and ease of access to information has culminated in changing communications skills and consumer spending behavior. A 2020 Mastercard Study on Consumer Spending revealed that at least four out of five (79%) of surveyed consumers in Kenya shop more online since the Covid-19

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The role of the Private Sector in Sustainable Development

The role of the private sector in development is more than just that which is pegged on the financial sector. Apart from the traditional economic development role that the private sector plays that includes providing goods and services, generating tax revenues and developing new and

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National Treasury PS notes Post-Budget reading as captured at the KEPSA partnership with PWC and the British Chamber of Commerce Kenya (BCCK) National Budget Webinar.

“We believe the policies that we have laid down will be able to keep inflation down, interest rates will be controlled, balance of payments will be also managed properly, and also the Kenyan shillings exchange rate, we are expecting it to remain stable on account

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The value of Sustainability to Businesses

Sustainability is a critical component of a comprehensive plan for future success. Contrary to popular belief, sustainability is more than just environmentalism as it also recognizes the role of social and economic dimensions in delivering long term prosperity. Businesses must take active roles to demonstrate

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Private Sector opportunities in Kenya’s Water Sector

On 26th of March, 2021, the World Bank Water Resources Group in collaboration with the Kenya Private Sector Alliance (KEPSA). The purpose of the webinar was to explore opportunities for unlocking the market and strengthening the enabling environment for a circular economy approach to wastewater

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A highlight of the Joint Venture guidelines

Background A joint venture (JV) enables companies to join forces in order to achieve goals such as expanding markets and lowering the costs of production. However, JVs or collaborations among competitors raises potential competition law issues. Competitors may join forces in order to accomplish procompetitive

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Business Laws(Amendment) (No. 2), Bill, 2020

The Business Laws (Amendment) Bill (No.2), 2020 seeks to make various amendments to various statutes highlighted as follows:  Clause 2 of the Bill seeks to amend the Law of Contract Act, Cap 23 to eliminate the requirement of a company seal in execution of documents

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Getting back to Business: Guidelines for business operations during COVID for alcoholic beverage sector

The Ministry of Industrialization, Trade and Enterprise Development (MoITED) Situation Room has produced these guidelines to offer direction to players in the sector trading with alcoholic beverages on how to minimize the risk of infection with Corona Virus leading to COVID- 19 disease. These guidelines

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Private Sector engagement in the budget making process

The Kenya budget cycle is well on its way and is in fact half way through with the National Treasury and Planning having just concluded the public hearings for FY 2021/22 and Medium-Term budget proposals. The budget is the most important policy through which the

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KEPSA/ KRA 6th Annual Tax Roundtable

National Treasury has accepted to increase the monthly
VAT refunds allocation from Ksh. 1.2 Billion to Ksh. 1.7
Billion. This has greatly contributed to the liquidity and
availability of capital which has been instrumental in
the continuity of business operations.

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Big wins for SMEs

Banking on technological advances in standards
application, KEBS has also committed to supporting
MSMEs to adopt ICT and adapt to the digital
revolution by exploiting tech opportunities such as
cloud computing and data analytics, among others.

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The Companies (Amendment) Bill, 2020

Introduction With the COVID-19 pandemic here to stay, corporations are now forced to operate digitally. Early in the year the Capital Markets Authority released a note stating that publicly listed companies are allowed to hold virtual meetings since they cannot host their statutory meetings in

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