Kenya’s New Trust Law: A Complete Overhaul

The Trust Administration Act, 2026 (Act) was signed into law on 8 September 2026. The Act marks the most significant overhaul of Kenya’s trust law framework in nearly a century. Importantly, the Act repeals the Trustee Act, Cap. 167 (modelled on the English Trustee Act of 1925) and the Trustees (Perpetual Succession) Act, Cap. 164. These two pieces of legislation formed the statutory backbone of Kenya’s legal regime on trusts. 

Regulatory and Judicial Scrutiny of Lending Practices in Tanzania

Scrutiny over lending practices in Tanzania continues to increase, particularly around the terms on which loans are priced, documented and recovered. While Tanzania does not have a blanket statutory cap on interest rates for loan products offered to consumers and micro and small businesses, this does not mean that lenders have unfettered discretion to impose, calculate or recover interest and other lending costs.

High Court Decision Provides Clarity on Kenya’s Ride-Hailing Regulatory Framework

The High Court of Kenya recently delivered a significant judgment in Bolt Operations OU v The Cabinet Secretary for Roads and Transport, the National Transport & Safety Authority, the National Assembly and the Attorney General, declaring key provisions of the National Transport and Safety Authority (Transport Network Companies, Owners, Drivers, and Passengers) Regulations, 2022 (the NTSA Regulations) unconstitutional and unlawful.

Panama Lowers Bar for Who Counts as a “Beneficial Owner”

Panama has cut the ownership threshold for identifying “controlling persons” under the Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) international reporting rules from 25% down to 10%.

Under Executive Decree No. 25 (29 June 2026), any individual who directly or indirectly owns or controls at least 10% of a Panamanian company, trust, or private interest foundation may now need to be reported to foreign tax authorities.

 

 

The Fair Competition (Abuse of Dominant Position) Regulations, 2026: Key Highlights & Practical Implications

On 14 August 2026, the Government of Tanzania published Government Notice No. 244, introducing the Fair Competition (Abuse of Dominant Position) Regulations, 2026.

Made under Section 99 of the Fair Competition Act, Cap. 285 R.E 2023, the 2026 Regulations operationalise the Fair Competition (Amendment) Act, No. 13 of 2024, which revised the definition of dominant position, introduced joint dominance, raised the market dominance threshold from 35% to 40%, and listed specific acts constituting abuse.

Examination Scripts Are Personal Data: The High Court Sets Aside an Order Compelling UNEB to Disclose a Candidate’s Scripts

In a Judgment delivered on 7th August 2026 in Uganda National Examinations Board vs Vicky Tina Laker, the High Court of Uganda at Kampala (Civil Division) (Justice Bonny Isaac Teko) allowed the appeal of the Uganda National Examinations Board (UNEB) in its entirety, set aside an order of the Chief Magistrates Court of Nakawa which had compelled UNEB to release a parliamentary aspirant’s Uganda Advanced Certificate of Education examination scripts to a rival aspirant, quashed the award of UGX 12,000,000 in general damages made against it and awarded UNEB the costs of both courts.

Who Sets the Rate? Supreme Court Ruling Puts CBK’s Independence on Trial

Section 44 of the Banking Act, Cap 488 (Banking Act), provides that no institution shall increase its banking or other charges without the prior approval of the Cabinet Secretary responsible for Finance (CS).

In 2006, the CS delegated these approval powers to the Governor of the Central Bank of Kenya (CBK) through Legal Notice No. 34 of 2006. This delegation has been disrupted by the Supreme Court’s decision in Stanbic Bank Kenya Ltd v Santowels Ltd [2024] KESC 31 (KLR) (Santowels Case), which has reignited debate on the proper scope of Section 44 and its interplay with the CBK’s constitutional independence.

 

 

Family Bank Goes Public: A Sign of Renewed Momentum in Kenya’s Capital Markets

Kenya’s capital markets may be entering their most interesting period in years. For over a decade, the Nairobi Securities Exchange (NSE) attracted more attention for companies leaving the market, deferring listings or choosing to stay private than for welcoming new issuers. But 2026 has delivered two important signals in quick succession: the first major initial public offering (IPO) since Safaricom’s 2008 listing, with the listing of Kenya Pipeline Company, followed by Family Bank’s admission to the NSE’s Main Investment Market Segment on 23 June 2026.

Subscribe

* indicates required
Our Social Media


© 2026 ALN. All rights reserved