The Supreme Court of Kenya in Stanbic Bank Kenya Limited Vs. Santowels Limited (Petition Number. E005 of 2023), ruled that banks/financial institutions require approval from the Cabinet Secretary of Finance before increasing interest rates on loans and facilities. The main issue was whether banks/financial institutions require the Cabinet Secretary’s approval

Ever wondered what all those clauses in a sale agreement actually mean, whether you are buying or selling a property?   Let’s decode a few clauses with a dash of simplicity! The purchase price is simply the price tag on the property. In a standard sale agreement, the purchase price

Starting 1st January 2023, the Capital Gains tax (CGT) rate in Kenya increased from 5% to 15% following the amendment of the Income Tax Act, through the Finance Act of 2022. CGT is levied on the net profits from the sale or transfer of property and the responsibility to pay