State to control rents in fresh property Bill
Monday March 08 2021
By JOHN MUTUA
Summary
This marks the first attempt for the State to regulate rent in an economy that has resisted price controls in favour of economic liberalisation.
The government-backed Landlord and Tenant Bill of 2021 demands that rent increase should not exceed the annual average inflation rate for the preceding year.
Building owners will be allowed to increase rent once a year for residential houses and once in two years for commercial premises, lowering the cost of doing business.
The State will control commercial and residential rents if Parliament adopts a proposed law that seeks to protect tenants from sharp building leasing costs.
All Set for June Referendum as Cost is Budgeted
20 February 2021 - 10:38 am
President Uhuru Kenyatta and Raila Odinga at KICC in Nairobi for the National launch of BBI signatures collection exercise. November 25, 2020.
PSCU
The road to a June referendum appears to be all clear, with the process following the timelines set by President Uhuru Kenyatta and ODM Leader Raila Odinga.
Funding for the referendum had been the biggest challenge facing the process with Deputy President William Ruto and his allies insisting that the economy could not afford an election before 2022.
Amos Kimunya, National Assembly Majority Leader expressed his confidence that BBI would pass. He added that the referendum will either be funded through a rationalized process or upfront.
THE STANDARD By
Allan Mungai |
February 16th 2021 at 00:00:00 GMT +0300
Family members carry the body of Garissa Senator Yusuf Haji into a hearse at Masjid Noor in South C, Nairobi. [Edward Kiplimo, Standard]
Garissa Senator Yusuf Haji was yesterday buried at the Lang ata cemetery in Nairobi, hours after his death.
Haji, 80, died at Aga Khan Hospital after a long illness. The long-serving politician and career civil servant had returned to the country a few days earlier from Turkey, where he was on treatment.
Mourners made their way to his residence tucked away on Riverside Drive in Nairobi, while others converged in Ijara, the constituency where the senator was born. He represented Ijara in the National Assembly for three terms.
THE STANDARD By
Dominic Omondi |
January 8th 2021 at 00:00:00 GMT +0300
Amos Kimunya. [Standard]
Shareholders of companies declared bankrupt by courts will have 30 days to salvage their businesses should a new Bill sail through.
The amendment of the Insolvency Act, 2015 is contained in the Business Laws (Amendment) Bill, 2020, which was introduced by National Assembly Majority Leader and MP for Kipipiri Amos Kimunya.
It also proposes to have receiver managers pay unsecured creditors at the same time with secured ones, in what is a score to suppliers who are always last in the pecking order when it comes to repayment.
“The Bill proposes to amend the Insolvency Act, 2015 to clarify that an administrator can distribute routine payment to unsecured creditors without courts’ permission,” said Kimunya in the memorandum of objects and reasons.