President Uhuru Kenyatta has on Tuesday signed into law five five parliamentary bills into law at State House Nairobi.
“President Uhuru Kenyatta today at State House, Nairobi signed five parliamentary bills into law. The Head of State assented to the Public Private Partnership Bill, Central Bank of Kenya (Amendment) Bill and Tax Appeals Tribunal (Amendment) Bill.
Also signed into law are the Trustees (Amendment) Bill and Kenya Deposit Insurance (Amendment) Bill.” Said State House
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In one of the bills, the amended Central Bank of Kenya Act, 2021 paves way for Central Bank to license digital lenders as well as ensure fair trade in the credit market.
The new Public Private Partnerships Act provides an elaborate framework that covers both the national and county level projects unlike the previous Act of 2013.
“The Trustees (Perpetual Succession) (Amendment) Act, passed by the National Assembly on 19th October this year, seeks to simplify the registration of trusts by, among other reforms, shifting the administration of the process to the new office of the principal registrar of documents..” Said State House
President during the signing were National Assembly and Senate Speaker Justine Muturi and Ken Lusaka, Treasury CS and Head of Public Service Dr Joseph Kinyuakur Yatani.