MERITAS - Law Firms Worldwide (JD Supra Kenya)

1. What role does the government of Kenya play in approving and regulating foreign direct investment? There is no regulation on foreign direct investment in Kenya except in specific sectors where state corporations have a monopoly (such as firearms, currency printing and port infrastructure). There are specific governmental agencies that promote and assist foreign investment and they include...

1. DO EMPLOYEES AUTOMATICALLY TRANSFER TO THE BUYER WHEN A BUSINESS IS SOLD? Kenyan law is generally silent on employee rights/employer obligations in the event of a transfer of businesses. It seems therefore that the sanctity of the contract between the transferor and transferee prevails. However, in the realm of mergers and acquisitions of companies listed on the Nairobi Stock...