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Since April 1, 2007, non-deposit taking NBFCs with assets over €1B are classified as systemically important. Prudential regulations, such as capital adequacy requirements and exposure norms with reporting requirements, apply to these companies. The ALM reporting and disclosure norms have also been made applicable to them at different points ...
By 2010 there were more than twenty large micro finance institutions in Kenya, which provided US $1.5 billion to approximately 1.5 million active borrowers. With over 100,000 clients, Equity Bank Kenya had the largest share of business loans representing market share of 73.50% followed by Kenya Women Microfinance Bank with 12.06%.
The Constitution of Kenya is the supreme law of the Republic of Kenya. There have been three significant versions of the constitution, with the most recent redraft being enabled in 2010. The constitution was presented to the Attorney General of Kenya on 7 April 2010, officially published on 6 May 2010, and was subjected to a referendum on 4 ...
Kenya's taxation system covers income tax, value-added tax, customs and excise duty.The regulations are governed by independent legislators that govern the taxation system, the main legislator, the Kenya Revenue Authority (KRA) has different sections that deal with the above taxes while also having the authority to undertake reviews on various companies and corporations.
Undertake the examination of particular branches of the law and formulate proposals for their reform; Prepare comprehensive programmes for the consolidation of the law; Draw the attention of the Minister to any proposal for reform if, in the opinion of the Commission, such proposal has or is likely to have an adverse effect on the country as a ...
On 24 June, lawmakers met at the Parliament of Kenya and Parliament approved the finance bill despite the protests. It was expected to be presented on 27 June to President William Ruto to sign into law. However, on 26 June 2024, Parliament of Kenya was stormed by the protestors, [28] [29] resulting in deaths and injuries. [30]
Notices required to be published by law or policy Announcements for general public information "Gazetted officers," which are public administrators and official subject-matter experts who may use government letterheads , process government documents or work outside the civil service through a special license.
Kenya Deposit Insurance Corporation is a statutory institution established under the Kenya Deposit Insurance Act, 2012 (KDI Act, 2012). The Corporation is mandated to provide a deposit insurance scheme for customers of member institutions, to provide incentives for sound risk management and generally promote the stability of the financial system and prompt resolution.