Day: 21 November 2022

Proposed Amendments to the Draft Public Finance Management (Financial Inclusion Fund) Regulations, 2022

INSTITUTION____GERIVIA ADVOCATES LLP____DATE___18TH NOVEMBER 2022____ S/No Regulation No. Provisions of the Regulations* Rationale for Amendment Recommendation Proposed Amendment** 1.   2 “medium enterprise” has the meaning assigned to it under section 2 of the Act Section 2 of the Micro and Small Enterprises Act, 2012 does not define the term “medium enterprise” Use the definition …

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A Review of the Draft Public Finance Management (Financial Inclusion Fund) Regulations, 2022 ”The Hustlers Fund”

Introduction One of the election promises made by the Kenya Kwanza Alliance in the Kenya Kwanza Plan, The Bottom Up Economic Transformation Agenda 2022 to 2027, (“the Kenya Kwanza Manifesto/ the Manifesto”) was the setting up of a ”Hustlers Fund”. The Hustler Fund is first mentioned in the Manifesto regarding the promise of transforming the …

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