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Kenya enacts Business Laws (Amendment) Act, 2024

13 January 2025

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Tax Alerts, Legislation & Policy, Na...

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Kenya

The President assented the Business Laws (Amendment) Bill, 2024 into law on 11 December 2024. The Business Laws (Amendment) Act, 2024 amended various business-related laws and became effective on 27 December 2024.  Executive summaryParliament approved and the President signed into law on 11 December 2024 the Business Laws (Amendment) Bill 2024 (the Bill). The Bill aimed to amend several key business legislations including: the Banking Act, Chapter 488, Laws of Kenya; the Central Bank of Kenya Act, Chapter 491, Laws of Kenya; the Microfinance Act, Chapter 493C, Laws of Kenya; the Standards Act, Chapter 496, Laws of Kenya, the Special...