Tag: 2023

Legislative Proposal Digest: The Proposed Capital Markets (Amendment) Bill, 2023 by Hon. Abraham Kirwa

Introduction Digital currencies including cryptocurrencies will soon be regulated. These proposals are contained in a legislative proposal by Hon. Abraham Kirwa, Member of Parliament for Mosop Constituency. The proposed Capital Markets (Amendment) Bill, 2023 seeks to amend the Capital Markets Act, Cap. 485A to include a digital currency within the

Legislative Proposal Digest: The Proposed Banking (Amendment) Bill, 2023 by Hon. Yusuf Mohamed Farah

Introduction A legislative proposal seeking to amend the Banking Act, Cap. 488, to fill the lacunae in licensing and supervision of islamic banks or islamic financial institutions is undergoing pre-publication scrutiny before the Departmental Committee on Finance and National Planning of Kenyan Parliament. The Proposed Banking (Amendment) Bill, 2023 is

Legislative Proposal Digest: The Proposed Public Finance Management (Amendment) Bill, 2023 by Hon. John Mbadi

Incurring urgent or unforeseen expenditure pursuant to Article 223 of the Constitution will be made more stringent if a legislative proposal sponsored by Hon. John Mbadi is recommended for publication by the Departmental Committee on Finance and National Planning, published into Bill, passed by Parliament, and assented into law. The

Bill Digest: The Houses of Parliament (Bicameral Relations) Bill, 2023

About the Bill The Houses of Parliament (Bicameral Relations) Bill, 2023 (National Assembly Bills No. 44 of 2023) is a Bill sponsored by Hon. Samuel Chepkonga, Member for Ainabkoi Constituency. It was published on 28th July, 2023 and read for a first time on 17th August, 2023. Thereafter, it was

Bill Digest: The Insurance (Amendment) Bill, 2023

About the Bill The Insurance (Amendment) Bill, 2023 (National Assembly Bills No. 18 of 2023), sponsored by the National Assembly Leader of Majority Party, was published on 12th May, 2023. It was read for a first time on 25th July, 2023 and was then committed to the National Assembly’s Departmental

Bill Digest: The County Governments (Revenue Raising Process) Bill, 2023

About the Bill The County Governments (Revenue Raising Process) Bill, 2023 (National Assembly Bills No. 11 of 2023) is a National Assembly Bill sponsored by the National Assembly Leader of Majority Party. It was published on 24th March, 2023 and it was read for a first time on 4th May,

Bill Digest: The Climate Change (Amendment) Bill, 2023

About the Bill The Climate Change (Amendment) Bill, 2023 (National Assembly Bills No. 42 of 2023), sponsored by the Leader of Majority Party of the National Assembly, was published on 19th July, 2023 and read a first time on 8th August, 2023. The principal object of this Bill is to

Finance Act 2023

Highlights of the Finance Act, 2023

  Introduction The Finance Act, 2023, was assented to by the President on 26th June, 2023. The Act contains 102 sections. The Finance Bill, as it was then, was passed by the National Assembly on 21st June,2023. Highlights of the Act The Act proposes amendments to the following tax laws