The Start-up Bill 2020

The Startup Bill, 2020 was proposed by the Senate on 14 September 2020 through Kenya Gazette Supplement No. 163 (Senate Bill No.16). The Bill is awaiting debate by the Senate and the National Assembly before enactment. WHAT IT IS The drafting of the Startup Bill establishes a law to recognize and support startups in Kenya […]

Regulation of the Digital Lending Platforms by the Central Bank of Kenya – CBK

A. INTRODUCTION The Central Bank of Kenya (Amendment) Bill, 2020 (the “Bill”) was published on 19 June 2020. Approved by the Parliament on On 25th February, 2021 and is now before the National Assembly Committee and National Planning presented in April 2021. Through this Bill, the Central Bank of Kenya (“CBK/the Bank”) is seeking the […]

Investment Based Crowdfunding Regulations – 2021

The recent publication of the Draft Capital Markets (Investment Based Crowdfunding) Regulations 2021 (the “Regulations”) by the Cabinet Secretary for the National Treasury is a welcome response to the long awaited need for the regulation of the fintech market in Kenya. Crowd funding refers to the act of raising small amounts of money from a […]

Tax Alert Digital Service Tax Already in Effect

The Income Tax (Digital Service Tax) Regulations 2020 (DST), introduced by the Finance Act 2020, became effective 6 months ago, from the 2nd day of January 2021  WHAT IT IS DST is a tax payable at 1.5% on gross transaction value on income derived from Kenya from provision of services through a digital market place. […]