CBK Set to License and Regulate Digital Credit Providers

Following the enactment of the Central Bank of Kenya (Amendment) Act, 2021 (the Act) on 23 December 2021, the mandate of the Central Bank of Kenya (the CBK) now extends to licensing and oversight of Digital Credit Providers in Kenya (DCPs) (see our earlier alert on the enactment here).

Audio Visual Technology in Proceedings before the High Court

This legal alert highlights the law regulating the use of audio-visual technology in proceedings before the High Court. The emphasis on the use of audio-visual technology has been a response to the need for the continued conduct of court proceedings during the prevalence of COVID-19. It is important to note that the giving of evidence via audio-visual technology has been guaranteed by law from as far back as 2012 when Order XXXII Rule 2 (8) of the High Court (Amendment) Rules, 2012 (“Rule 2(8)”) was enacted.

Kenya Begins Process on Long-Awaited EPA Negotiations With EU

Kenya has now begun the negotiation process on the interim Economic Partnership Agreement (the EPA) with the European Union (the EU) — a significant step in a journey that has taken more than a decade. [i] Initially, the EPA was to be entered into by the EU and the member states of the East African Community (the EAC) – Rwanda, Burundi, Tanzania, Kenya and Uganda – after twelve (12) years of negotiations that were concluded in October 2014.[ii]

TRA Introduces Upgraded VAT Electronic Filing System

To simplify taxpayers’ electronic filing process, the Tanzania Revenue Authority (TRA) issued a public notice to all Value Added Tax (VAT) registered traders of an introduction of its upgraded electronic system of filing VAT returns.

Cryptocurrency Boom in Africa: What is Next for Kenya?

The adoption of cryptocurrency globally has been on a gradual rise and in a little over a decade, the sector has ballooned and is estimated to be worth over USD 3 trillion. This momentum has not escaped Africa which has been reported widely as one of the fastest-growing and most promising continents for the adoption of cryptocurrencies.