In response to the COVID-19 outbreak, the government adopted a severe lockdown policy, including suspending all public gatherings and stopping movement of persons across certain counties, in order to curb or otherwise contain the spread of the virus. In particular,...
THE UTILITY OF CAPITAL REDUCTION AS A MEANS OF MITIGATING FINANCIAL DISTRESS Capital reduction is the process by which a company’s shareholder equity is reduced through mechanisms such as share cancellations and share buybacks and may be applied towards...
1.0. Introduction For a long time, money lending was a preserve of commercial banks which dominate the Kenyan credit market. Many private individuals as well as Small to Medium-sized Enterprises (SMEs) and big corporations relied on credit facilities from commercial...
“If liberty means anything at all, it means the right to tell people what they do not want to hear.” -George Orwell 1. Freedom is an integral piece of every social puzzle, no less freedom of expression. Our individuality and talents are best expressed in the rink of...
The prudential guidelines by the CBK, Consumer Protection Act, Competition Act and the Banking Act do not limit the bank from advertising distrained or repossessed assets. Again, in Hire Purchase, the Owner is permitted by law to repossess their goods and resell them,...
