Three parliamentary bills have been signed into law by President Kenyatta.
On December 7, 2021 (PSCU) – President Uhuru Kenyatta signed the Central Bank of Kenya (Amendment) Bill, the Public-Private Partnership Bill, and the Trustees (Perpetual Succession) (Amendment) Act, all of which are dated 2021.
The amended Central Bank Act, 2021, empowers the Central Bank of Kenya to license digital lenders in the country and to ensure the existence of fair and non-discriminatory credit market practices.
(adsbygoogle = window.adsbygoogle || []).push({});The new Public-Private Partnerships Act, for its part, repeals the 2013 legislation by establishing a comprehensive legal framework to cover both national and county-level PPP projects.
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Furthermore, the new law broadens the private sector’s role in PPP initiatives beyond financing to include project construction, operation, and maintenance.
The Trustees (Perpetual Succession) (Amendment) Act, passed by the National Assembly on October 19th this year, seeks to simplify trust registration by, among other things, shifting administration to the new office of the principal registrar of documents.
The signing ceremony was attended by National Assembly Speaker Justin Muturi, Senate counterpart Ken Lusaka, Treasury CS Ukur Yatani, and Head of Public Service Dr. Joseph Kinyua.
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Others included National Assembly Majority Leader Amos Kimunya, Solicitor General Ken Ogeto, and State House Deputy Chief of Staff Njee Muturi.
