The Legal Edge

Questions and Answers :   1. What are Kenyan Treasury Bills?   Kenyan Treasury Bills (T-Bills) are short-term government securities issued by the Central Bank of Kenya on behalf of the National Treasury. They are typically issued with maturities of 91, 182, and 364 days and are used to help manage the country’s short-term funding needs. 2. How do Treasury Bills work?   Investors purchase T-Bills at a discounted price; they receive the face value upon maturity. The difference between the purchase price and the maturity value is the investor's return. 3. Who can invest in Treasury Bills? Both individual and institutional investors can invest in Kenyan T-Bills. This includes citizens, residents, and foreign investors. 4. What is the minimum investment for Treasury Bills? The minimum investment for Treasury Bills in Kenya is Ksh 100,000. 5. How are T-Bills issued? T-Bills are issued through an auction process held by the Central Bank of Kenya. Investors can place bids e...

    A Treasury bond, also known as a T-bond, is a government-issued security with a medium to long-term maturity. Typically, they pay interest every six months until the bond reaches maturity.In Kenya, Treasury bonds are issued on a monthly basis. T-Bills are sold at a discount to their face value and redeemed at face value upon maturity.For example, a Ksh.100,000 T-Bill might be sold for Ksh.90,000. At maturity, the investor receives the full Ksh.100,000.The return is subject to a 15% withholding tax. Auction Frequency:T-Bills are auctioned by the Central Bank of Kenya on a weekly basis.Purpose of Government Issuing T-Bills:The government issues T-Bills to raise funds for various projects, which is part of its domestic borrowing strategy.   In summary, while both Treasury Bills and Treasury Bonds offer fixed returns, they differ in terms of their structure, investment duration, and frequency of issuance. Treasury Bills are typically for short-term financing, while Treasu...

A  subcontract agreement  is a legal document that outlines the terms and conditions under which one party (the subcontractor) agrees to perform part of the work or services that another party (the contractor) has contracted to complete. This agreement is commonly used in construction, manufacturing, and service industries.   Subcontract agreements are commonly used in various industries and sectors. Key areas where they are prevalent: Construction : This is one of the most common fields for subcontracting. General contractors often hire subcontractors for specific trades, such as electrical, plumbing, framing, or roofing work. Manufacturing : Companies may subcontract parts of their production processes to specialised firms that can provide specific components or assembly services. Information Technology (IT) : IT companies frequently use subcontractors for software development, infrastructure support, or cybersecurity services t o leverage specialised skills. Consultin...

International law  c omprises of those rules and norms that regulate the conduct of states and other entities which at any time are recognized as being  endowed with international personality.  States enter into relations for various reasons; political, economical, or social. It is case of East Africa; states have entered into cooperation mainly due to economic reasons as well as political reasons.   It is necessary to understand the meaning of both regional integration and regionalism and its applicability in EAC.    Regional integration  can be described as the process whereby  political actors in several distinct national settings are persuaded to shift their loyalties, expectations and political activities towards a larger centre whose institutions demand a jurisdiction over pre-existing national state. Regionalism  on the other hand   can be termed as process of building multilateral institutions to enhance political, security and e...