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The High Court of Kenya (the "court") recently issued a judgment in the case of Commercial International Bank (CIB) Kenya Ltd (the "Bank") v Azofco General Merchants Limited (the "Borrower").

In the recent landmark decision of Symon Wairobi Gatuma v. Kenya Breweries Limited & 3 Others, SC Petition No. E023 of 2023, the Supreme Court of Kenya (SCOK) addressed the complexities surrounding the impact of changes in employment terms.

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.

Can a party claim general damages for breach of contract in East Africa, or must all losses be precisely calculated and proven? This analysis examines how Kenyan and Ugandan courts determine when compensation for unquantifiable harm is appropriate, revealing a gap between legal principle and courtroom practice.

In the years between 1991 and 1997 and more recently between September 2016 and November 2019, Kenya implemented interest rate caps to respond to concerns raised by the public regarding the high...

The Kenyan Court of Appeal has ruled that contractors who perform work under illegally procured public contracts will receive no payment, even when services have been delivered and the government has benefited. This decision carries profound implications for presidential directive-based procurements in Uganda and exposes significant risks for financial institutions funding projects that bypass statutory procurement requirements.

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

Recent government initiatives aimed at economic stabilisation and promoting foreign investment have further enhanced its appeal.