On 26 June 2024, in response to two weeks of widespread anti-tax protests across major towns and cities in Kenya, President William Ruto recently announced, during a press briefing, the withdrawal of the controversial Finance Bill, 2024 (the Bill)

In a recent important High Court decision, the court found a bank liable for repayment of money erroneously credited into a customer's account by a third-party...

31 December 2021 marked a long-anticipated landmark in the global financial market; with a few exceptions, the publication of the London Interbank Offered Rate (LIBOR)...

Africa's foreign exchange (FX) landscape is a complex yet evolving domain, marked by significant challenges and notable progress. While the continent lags behind other developing regions in financial development indicators, it has made strides in integrating with the global economy and enhancing the resilience of its domestic capital markets.

On 4 April 2025, the Central Bank of Kenya (CBK) issued the first edition of the Kenya Green Finance Taxonomy (the KGFT) and Climate Risk Disclosure Framework for the banking sector.

The Housing Fund Regulations, 2018 (the Regulations) were gazetted on Friday 21 December 2018 and require that:

Africa's emergence as a major investment destination has made the choice of holding company jurisdiction critical for investors targeting Kenyan assets. With over $70 billion in foreign direct investment flowing into the continent, the decision of where to incorporate affects taxation at multiple levels, investor protections, regulatory compliance, and ultimately determines the economic viability of the entire investment structure.

Africa's financial sector, particularly in banking, has witnessed significant positive developments, both innovative and disruptive.

The Banking Act (Chapter 488 of the Laws of Kenya) ("the Act") section 55(2) authorises the Central Bank of Kenya ("CBK") to prescribe penalties to be paid by institutions...

Over the past few years, we have witnessed the evolution of ESG (environmental, social and governance) matters and their impact on businesses in Kenya firsthand, particularly in how ESG principles influence lending decisions.

Kenya has made a significant stride in reforming the capital markets licensing framework by enacting the Capital Markets (Licensing Requirements) (General) Regulations, 2025 (the “2025 Regulations”)...

The National Treasury of Kenya has granted tax incentives to startups and large corporations investing through the Nairobi International Financial Centre ("NIFC").

On 18 March 2022, the Central Bank of Kenya ("CBK") published regulations giving itself power to regulate and provide oversight to digital lenders.

In an important Supreme Court of Kenya decision in the case of Stanbic Bank Kenya Limited v Santowels Limited, Petition No. E0005 of 2023, the court has held that interest rates on loans advanced by banks and financial institutions are subject to the provisions of Section 44 of the Banking Act, Cap 488.

On 18 July 2022, the Ugandan High Court issued a landmark decision on the liability for loss suffered due to digital bank fraud in the case of Aida Atiku versus Centenary Rural Development Bank Limited, Civil Suit No. 0754 of 2020.

Climate finance has become a defining lever for global competitiveness and resilience, particularly as capital flows increasingly favour low-carbon, climate-aligned growth.

The Central Bank of Kenya (Amendment) Act, 2021 "The CBK Amendment Act" was assented by President Kenyatta on December 7th 2021 and became effective on December 23rd, 2021.

This week's East Africa investment landscape reveals a dynamic shift as countries explore stablecoins for cross-border payments, Tanzania's mining sector continues to dominate foreign direct investment...

East Africa's infrastructure and development sectors face a critical capital shortage that foreign lenders could address—but only if the legal framework supports cross-border lending. Recent court decisions in Kenya and Uganda have grappled with a fundamental question: can local borrowers defeat foreign lenders' claims by pointing to registration failures? This analysis examines how both jurisdictions navigated this issue, the contrasting speeds of their legal corrections, and what these developments