AKO Advocates LLP
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THOUGHT-LEADERSHIP BRIEF| CARBON TRADING – AKO Advocates LLP
The article outlines the regulatory framework for carbon trading in Kenya, including the Environmental Management and Coordination Act, Climate Change Act (and its 2023 amendments), and the 2024 Carbon Markets Regulations. It explains key terms such as carbon credits and carbon markets, and highlights the role of lawyers in advising on compliance, contract drafting, community engagement, and dispute resolution. The article emphasizes the need for legal expertise to navigate project approvals, prevent double-counting, and ensure adherence to environmental and social safeguards. It positions Kenyan lawyers as essential for businesses entering the carbon market.
REGULATING THE FINTECH BOOM – AKO Advocates LLP
The article discusses the rapid growth of digital lending in Kenya and the regulatory response through the Central Bank of Kenya (Amendment) Act, 2021, and the CBK (Digital Credit Providers) Regulations, 2022. These regulations require licensing, set governance and transparency standards, impose consumer protections, and mandate credit reporting and data privacy measures. The article notes that while Kenya's regulatory framework addresses many abuses, challenges remain including high interest costs, licensing delays, and potential exclusion of smaller players.