Year: 2021

With cash no longer king, Kenya’s traditional banking model has undergone an unprecedented transformation. There is a heightened acceptance of internet-ready payment platforms that are faster, hassle-free, and efficient. Payment service providers have developed to satisfy the growing appetite for solutions such as contactless payment. A payment service provider is a person, company, or organization…

HOW TO ACQUIRE A MONEY MANAGER LICENCE IN KENYA A money manager in Kenya is an entity licensed by the Authority to engage in the business of managing the online foreign exchange portfolio of an individual or institutional investor in return for a fee based on a percentage of assets under management. To become a…

The Board shall establish and appoint chairpersons to relevant committees and delegate specific mandates to such committees as may be necessary including internal audit, risk management, remuneration, Board nominations, finance, investments, and governance. However, the Board shall remain accountable for the acts or omissions of such committees. The Board shall also ensure that the committees…

Nonprofit boards have a lot of responsibility. The biggest duties of a board are maintaining the fiduciary integrity of the organization, making sure the organization is achieving mission goals, and managing the employment of the CEO (if there is one). We can think of nonprofit board governance as the guidelines the board uses to accomplish…

Board papers are a key source of information for board members and then form the official record and audit trail alongside the minutes. Directors have a duty to keep themselves informed about the matters put before them for decision. It’s not possible to comply with this duty unless they have relevant briefing material upon which…