Today is Sat, 19 Apr 2025
Executive Walkway![]()
President Ruto Expected to Mark Easter with Church Service Before Departing for China
President William Ruto is expected to lead Easter celebrations with a church service, continuing a tradition that blends faith with national reflection.
This year’s observance follows recent remarks by former Deputy President Rigathi Gachagua, who urged the President to revisit the Mt. Kenya region and splurge on the citizens over the Easter holidays, as he did during his earlier development tour.
Thereafter, the President is expected to embark on an eight-day official visit to China aimed at strengthening diplomatic ties and exploring new areas of collaboration with the Asian nation.
The visit comes in the wake of a recent decision by the U.S. President Donald Trump to impose a 10 percent tariff on certain imports from countries including Kenya — a decision that has since been postponed for at least 90 days.
Parliamentary Aisle![]()
Senate Calls for Comments on Business Laws (Amendment) Bill
The Senate has invited public comments on the Business Laws (Amendment) Bill, 2024 (Senate Bills No. 51). Largely reminiscent of the Business Laws Act passed last year by the National Assembly—which introduced a raft of tax and compliance measures following the rescinding of the Finance Bill, 2024—this Senate counterpart incorporates several provisions that did not make it into law previously.
Key among the proposed amendments is the introduction and definition of Business Process Outsourcing (BPO), along with clearer definitions of terms such as employee, employer, and business process outsourcing. The Bill also outlines specific obligations for BPO companies and providers of information technology services, marking a significant step toward regulatory clarity in Kenya’s evolving digital economy.
Corridors ofJustice![]()
High Court of Kenya: Easter Recess
The Easter Recess for the High Court and Courts of Equal Status which began on 9th April 2025 will continue until Tuesday, 22nd April 2025, both dates inclusive.During this period,duty Judges will be appointed to handle urgent matters in line with court rules and Court offices and registries will remain open from 8:00 a.m. to 5:00 p.m. on weekdays, excluding public holidays.
Talking of Which![]()
All Eyes on Finance Bill 2025
Although speculation is rife over the contents of the upcoming Finance Bill 2025, the Public Finance Management Act and Kenya’s budget cycle provide that the Bill should be transmitted to the National Assembly by 30th April.This highly anticipated Bill is likely to spark public interest and debate, especially considering that its 2024 predecessor was rescinded following nationwide backlash. However, National Treasury Cabinet Secretary John Mbadi has signaled a shift in approach, noting that this year’s Bill will emphasize tax administration and compliance, in response to downward-revised revenue targets for the 2025/26 financial year.
Watch out for![]()
Kenya Eyes New IMF Deal Ahead of 2025 Spring Meetings in Washington
As the 2025 Spring Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) draw near, Kenya is preparing to enter fresh negotiations with the IMF for a new funding programme. The high-level meetings will take place from April 21 to 26 in Washington, D.C., bringing together global leaders to discuss pressing issues around international development, economic recovery, and financial stability.
Kenya is seeking a new funding arrangement following the expiry of its Extended Fund Facility (EFF) and Extended Credit Facility (ECF) programme, which was signed in 2021 and lapsed in early April 2025.
At the core of the Spring Meetings are the Development Committee Meeting and the IMF’s International Monetary and Financial Committee, which will assess progress on institutional mandates. This year’s overarching theme is “Jobs – The Path to Prosperity”, with various events focusing on debt sustainability, private sector mobilization, and global economic recovery.
MovingUp![]()
Centum Appoints Fredrick Murimi as Company Secretary
Mr. Fredrick Murimi has been appointed as the Company Secretary of Centum Investment Company Plc.Mr. Murimi has served in various capacities within the Company since 2013, most recently as Managing Partner of Centum Capital Partners Limited, a role that he will continue to hold.
With 20 years of experience in the investment industry, Mr. Murimi possesses a strong track record in deal structuring, strategy development and implementation, and corporate governance. His prior experience includes roles in investment banking with Dyer & Blair Investment Bank and Renaissance Capital.
Mr. Murimi is an Advocate of the High Court of Kenya and holds a Master of Business Administration (Finance) degree from the United States International University – Africa and has qualified as a Certified Public Accountant, a Certified Public Secretary and a Chartered Financial Analyst Level I. He is a member of the Law Society of Kenya and the Institute of Certified Secretaries of Kenya.
Fred takes over this role from Ms. Mical Agina who has served as the Company Secretary of Centum Group for three (3) years from 2021 and leaves the Group to pursue other interests outside the Group.