Tag: Business

Human rights in the supply chain: The need to comply to drive business success.

Understanding Human Rights James Nickel defined human rights as: basic moral guarantees that people in all countries and cultures allegedly have simply because they are people. Calling these guarantees “rights” suggests that they attach to individuals who can invoke them, that they are of high priority, and that compliance with them is mandatory rather […]...

Approved Kenya-EU Trade Deal Paves the Way for Enhanced Economic Partnerships

The National Assembly of Kenya has given the green light, approving the Kenya-European Union (EU) Economic Partnership Agreement (EPA), marking a significant milestone in bilateral trade relations. Th...

5 Apr 2024

CEO reputation as a key factor in corporate success and stakeholder perception: Elon Musk and Tesla case study

Companies worldwide revere their reputation. From a marketing perspective, the effective management of reputation opens up a business entity to prospects of unparalleled success, and on the flip side,...

28 Mar 2024

Regulation in business: Corporates should watch judicial decisions for compliance yardsticks.

As the world continues to transform rapidly, business regulation continues to grow unabated. Regulations come in the form of laws made by Parliament or common law (laws emanating from judicial decisio...

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...

14 Mar 2024

From nightmare to sector success: Training bodaboda operators is the key to a safer and more profitable future

In Kenya, boda bodas have become more than just a means of transportation. They have evolved into the unsung heroes of our communities. Beyond ferrying people from one point to another, they play a vi...

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...

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...

16 Feb 2024

You can run, but you can’t hide: As Kenya adopts CRS, calls for balancing tax transparency with data privacy concerns emerge.

Kenyan commercial banks have started implementing the Common Reporting Standards (CRS), a tax procedures regulation of 2023. This regulation requires all Kenyan banks, trusts, and other financial inst...

16 Feb 2024

Navigating Voluntary Tax Disclosure Programmes: A Guide for Businesses.

In the dynamic landscape of taxation, businesses often find themselves grappling with complex tax compliance requirements. In response to this challenge, tax authorities around the world have introduc...

9 Feb 2024

President Ruto’s Japan visit Sh350bn deals, powering Kenya’s economic revival

President Ruto’s visit to Japan earlier this week led to the signing of agreements worth Kshs 350 billion. A giant share of the money will go towards key projects and programmes crucial for Keny...