Kioi Co

Unlocking success through Corporate Governance

Corporate Governance is a term that is normally ascribed to large corporate bodies and listed companies. However, every business, regardless of its size ought to consider using corporate governance mechanisms for it to have longevity, attract financiers and key partners.  Research has shown that companies that are properly governed have better financial results, grow faster […]
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PROBATIONARY CONTRACTS IN EMPLOYMENT

The probation of an employee is generally governed by a probationary contract. Section 2 of the Employment Act defines a probationary contract as “a contract of employment, which is of not more than twelve months duration or part thereof, is in writing and expressly states that it is for a probationary period;”  Probation allows the […]
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Employment Contracts Terms

Section 9 of the Employment Act provides for the particulars to be contained in written employment contracts. It provides that a written contract of service shall state:- Some of the key clauses employers need to take into consideration while drafting employment contracts include but are not limited to; The Regulation of Wages (General) Order, 2022 provides […]
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AMENDMENTS OF THE LIMITED LIABILITY PARTNERSHIP ACT (2011)

The signing of the Anti-Money Laundering and Combating of Terrorism Financing Bill into law instituted recent amendments in the Limited Liability Partnership Act (201). By virtue of an LLP having company traits, the amendments aimed to align LLPs in the fights against money Laundering. Some of the amendments which are key to your business include:
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UNDERSTANDING SOLE PROPRIETORSHIPS

Introduction: Embarking on the entrepreneurial journey in Kenya offers a myriad of business structures, and one that stands out for its simplicity and autonomy is the sole proprietorship. This business model is favored by many due to its ease of setup and minimal regulatory requirements. In this article, we explore the key aspects of sole […]
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NAVIGATING THE NOT FOR PROFIT ORGANIZATIONS (“NPOs”) LANDSCAPE IN KENYA: REGISTRATION, ADVANTAGES, AND DISADVANTAGES

Introduction: Not-for-profit organization (“NPOs”) play a pivotal role in Kenya’s development, addressing diverse social, economic, and environmental challenges.  The two main ways in which to register a NPO in Kenya are as below: They both serve the same functions and some of the similarities include In as much as both NPOs are not allowed to […]
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BUSINESS STRUCTURES IN KENYA

Under the Companies Act of 2015 of Kenya, there are four primary business structures: sole proprietorship, partnership, limited liability partnership, and companies (Private: Companies limited by shares and Companies limited by guarantee & Public Companies).1. Sole Proprietorships: Sole proprietorships are the most common and involve minimal formality. However, the proprietor’s liability is personal and unlimited.2. […]
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Understanding Land Transaction Consents and Clearance Certificates in Kenya

Land transactions in Kenya are intricate processes governed by legal regulations, and securing specific consent and clearance certificates is imperative for the successful registration of related documents. This article provides a comprehensive overview of various consents required and clearance certificates necessary for different types of land transactions. 1. Consent of the Land Control Board Regulated […]
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