List Of Regulatory Bodies In Kenya. Regulatory bodies are government agencies or public authorities that are legally established to oversee certain practices and industries.
Here is a List Of Regulatory Bodies In Kenya
Central Bank Of Kenya
The Central Bank of Kenya was established in 1966 through an Act of Parliament – the Central Bank of Kenya Act of 1966. The establishment of the Bank was a direct result of the desire among the three East African states to have independent monetary and financial policies.
The Central Bank of Kenya Act of 1966 set out objectives and functions and gave the Central Bank limited autonomy. Since the amendment of the Central Bank of Kenya Act in April 1997, the Central Bank operations have been restructured to conform with ongoing economic reforms. There is now greater monetary autonomy.
Section 4 of the Central Bank of Kenya Act states the core mandate of the Bank as follows:
The principal object of the Bank shall be to formulate and implement monetary policy directed to achieving and maintaining stability in the general level of prices;
The Bank shall foster the liquidity, solvency and proper functioning of a stable market- based financial system; and
Subject to (1) and (2), the Bank shall support the economic policy of the Government, including its objectives for growth and employment.
Capital Markets Authority
The Capital Market is part of the Financial Market that provides funds for long term development. This is a market that brings together lenders(Investors) of capital and Borrowers(companies that sell securities to the public) of capital.
In November 1988, the Government set up Capital Markets Development Advisory Council and charged it with the role of working out the necessary modalities including the drafting of a bill to establish the Capital Markets Authority (the Authority).In November1989, the bill was passed in parliament and subsequently received Presidential assent (The Capital Markets Authority was set up in 1989 through an Act Parliament (Cap 485A,Laws of Kenya). The Authority was eventually constituted in January 1990 and inaugurated on 7th March 1990. The Authority is a body corporate with perpetual succession and a common seal.
The Capital Markets Authority is established by an Act of Parliament to promote, regulate and facilitate the development of an orderly, fair and efficient Capital Markets in Kenya.
The principle objectives of the Authority are:
The development of all aspects of the capital markets with particular emphasis on the removal of impediments to, and the creation of incentives for longer term investments in, productive activities;
To facilitate the existence of a nationwide system of stock market and brokerage services so as to enable wider participation of the general public in stock market;
To create, maintain and regulate a market in which securities can be issued and traded in an orderly, fair, and efficient manner, through the implementation of a system in which the market participants regulate themselves to the maximum practicable extent;
To protect investor interests;
To operate a compensation fund to protect investors from financial loss arising from the failure of a licensed broker or dealer to meet his contractual obligations and
To develop a framework to facilitate the use of electronic commerce for the development of capital markets in Kenya.
Insurance Regulatory Authority
The Insurance Regulatory Authority is a statutory government agency established under the Insurance Act (Amendment) 2006, CAP 407 of the Laws of Kenya to regulate, supervise and develop the insurance industry. It is governed by a Board of Directors which is vested with the fiduciary responsibility overseeing operations of the Authority and ensuring that they are consistent with provisions of the Insurance Act.
The Authority is a precursor to the then Office of the Commissioner of Insurance that came into existence with the enactment of the Insurance Act, CAP 487 in 1986. Prior to this, insurance regulation was based on the UK legislation under the Companies Act 1960.
Ensure compliance by insurance/reinsurance companies and intermediaries with legal requirements and sound business practices;
Promote voluntary compliance;
Set clear objectives and standards of intervention for insurance/reinsurance companies and intermediaries or type of intervention;
Protect consumers and promote high degree of security for policyholders;
Promote efficient, fair, safe and stable markets;
Maintain the confidence of consumers in the market;
Ensure insurance/reinsurance companies and intermediaries remain operationally viable and solvent; and
Establish a transparent basis for timely, appropriate and consistent supervisory intervention, including enforcement.
Communications Authority Of Kenya
The Communications Authority of Kenya is the regulatory Authority for the ICT industry in Kenya with responsibilities in telecommunications, e-commerce, broadcasting and postal/courier services.
Kenya Investment Authority
“Kenya has emerged as one of Africa’s ‘frontier economies’, and I am very interested in learning how the country’s leaders and people will build on this success
Kenya Revenue Authority (KRA), is an agency of the Government of Kenya that is responsible for the assessment, collection and accounting for all revenues that are due to government, in accordance with the laws of Kenya
Kenya Civil Aviation Authority
Kenya Civil Aviation Authority is a state corporation of Kenya that is responsible for regulating the aviation industry in Kenya and for providing air navigation services in the Kenya flight region. The KCAA offers training in the aviation professions through its affiliated East African School of Aviation.
Kenya Bureau Of Standards
The Kenya Bureau of Standards (KEBS) is a government agency responsible for governing and maintaining the standards and practices of metrology in Kenya. It was established by an Act of Parliament of Kenya’s National Assembly, The Standard Act, and Chapter 496 of the Laws of Kenya. The Bureau started its operations in July 1974. It has main offices in Nairobi, and regional offices throughout Kenya.
The KEBS Board of Directors is known as the National Standards Council (“NSC”) and is the policy-making body for supervising and controlling the administration and financial management of the Bureau. The Bureau’s chief executive is the Managing Director.
The aims and objectives of KEBS include preparation of standards relating to products, measurements, materials, processes, etc. and their promotion at national, regional and international levels; certification of industrial products; assistance in the production of quality goods; quality inspection of imports at ports of entry; improvement of measurement accuracies and dissemination of information relating to standards.
To keep close liaison with and render efficient service to industry, trade and commerce in different parts of the country, KEBS has opened Regional Offices in Mombasa, Kisumu, Nakuru, Garissa, Nyeri and has import inspection offices at all the legal points of entry in Kenya.
KEBS is a member of the International Organization for Standardization (ISO). The main functions of KEBS are as follows:
- Promote standardization in industry and commerce
- Provide facilities for examination and testing commodities manufactured in Kenya
- Test goods destined for exports for purposes of certification
- Prepare, frame or amend specification and codes of practice
Kenya National Highways Authority
The Kenya National Highways Authority (KeNHA) is an autonomous road agency. Its responsibility is for the management, development, rehabilitation, and maintenance of Class A, B and C roads as explained below.
The Government of Kenya divides the roads into several classes, including the following:
- Class S: “A Highway that connects two or more cities and carries safely a large volume of traffic at the highest speed of operation”.
- Class A: “A Highway that forms a strategic route and corridor connecting international boundaries at identified immigration entry and exit points and international terminals such as international air or sea ports”.
- Class B: “A Highway that forms an important national route linking national trading or economic hubs, County Headquarters and other nationally important centers to each other and to the National Capital or to Class A roads”.
The agency is mandated to manage, develop, rehabilitate and maintain national roads.
Competition Authority Of Kenya
The Competition Authority of Kenya is established under the Competition Act, No. 12 of 2010 (the Act). The Authority’s mandate is to enforce the Act with the objective of enhancing the welfare of the people of Kenya by promoting and protecting effective competition in markets and preventing misleading market conduct throughout Kenya.
National Environment Management Authority
The National Environment Management Authority (NEMA), is established under the Environmental Management and Co-ordination Act No. 8 of 1999 (EMCA) as the principal instrument of Government for the implementation of all policies relating to environment. EMCA 1999 was enacted against a backdrop of 78 sectoral laws dealing with various components of the environment, the deteriorating state of Kenya’s environment, as well as increasing social and economic inequalities, the combined effect of which negatively impacted on the environment. The supreme objective underlying the enactment of EMCA 1999 was to bring harmony in the management of the country’s environment.
Betting Control And Licensing Board
Betting Control and Licensing Board (BCLB) a is department under the Ministry of Interior and Coordination of National Government. The Board was established by an Act of Parliament i.e. Betting Lotteries and Gaming Act Cap 131 Laws of Kenya.
Kenya Film Classification Board
The Kenya Film Classification Board is a state corporation that operates under the Government of Kenya whose mandate is to “regulate the creation, broadcasting, possession, distribution and exhibition of films by rating them.”
Pharmacy And Poisons Board
The Pharmacy and Poisons Board is the Drug Regulatory Authority established under the Pharmacy and Poisons Act, Chapter 244 of the Laws of Kenya. The Board regulates the Practice of Pharmacy and the Manufacture and Trade in drugs and poisons.
Retirement Benefits Authority
- Regulate and supervise the establishment and management of
retirement benefits schemes;
- Protect the interests of members and sponsors of retirement benefits
- Promote the development of the retirement benefits sector
- Advise the Cabinet Secretary, National Treasury on the national policy to be followed with regard
to retirement benefits industry
- Implement all government policies relating to the industry
SACCO Societies Regulatory Authority
The SACCO Societies Regulatory Authority is the primary regulatory body charged with licensing Deposit‑Taking Sacco Societies – DT regulation 2010 and authorizing specified Non Deposit taking saccos – NDTS Regulations 2021 in the Republic of Kenya.
Kenya Maritime Authority
Kenya Maritime Authority (KMA) was set up in June 2004 as the semi-autonomous agency in charge of regulatory oversight over the Kenyan maritime industry. Maritime safety and security is one of the Authority’s core functions.
As the pacesetter of the Kenyan maritime industry, KMA thus strives to strengthen national maritime administration through enhancement of regulatory and institutional capacities for safety and security, fostering effective implementation of international maritime conventions and other mandatory instruments on safety & security, promoting maritime training, coordinating Search and Rescue, preventing marine pollution and promoting preservation of the marine environment as well as promoting trade facilitation and maritime investments.
Public Procurement Regulatory Authority
he Public Procurement System in Kenya has evolved from a crude system with no regulations to an orderly legally regulated procurement system. The Government’s Procurement system was originally contained in the Supplies Manual of 1978, which was supplemented by circulars that were issued from time to time by the Treasury. The Director of Government Supply Services was responsible for ensuring the proper observance of the provisions of the Manual. The Manual created various tender boards for adjudication of tenders and their awards. A review of the country’s public procurement systems was undertaken in 1999 and established that:
i. There was no uniform procurement system for the public sector as a whole
ii. It did not have sanctions or penalties against persons who breached the regulations in the Supplies Manual, other than internal disciplinary action. Consequently application of the rules was not strict and many of the norms were not followed
iii. The Supplies Manual did not cover procurement of works
iv. The dispute settlement mechanisms relating to the award procedures as set out in the manual were weak and unreliable for ensuring fairness and transparency
v. Records of procurement transactions in many cases were found to be inaccurate or incomplete or absent, which led to suspicions of dishonest dealings at the tender boards.
The systems had other institutional weaknesses that not only undermined its capacity for carrying out their mandates effectively but also led to a public perception that the public sector was not getting maximum value for money spent on procurement.
In view of the above shortcomings, it was found necessary to have a law to govern the procurement system in the public sector and to establish the necessary institutions to ensure that all procurement entities observe the provisions of the law for the purpose of attaining the objectives of an open tender system in the sector.
Consequently the establishment of the Exchequer and Audit (Public Procurement) Regulations 2001 which created the Public Procurement Directorate (PPD) and the Public Procurement Complaints, Review and Appeals Board (PPCRAB). The PPD and PPCRAB, though largely independent in carrying out their activities, had been operating as departments in the Ministry of Finance on which they relied for staff, facilities and funding. Since these institutional arrangements have a potential for undermining the impartiality of these bodies in the long run it was found necessary to create an oversight body whose existence was based on a law.
The Public Procurement and Disposal Act, 2005 was thus enacted and it became operational on 1st January, 2007 with the gazettement of the Public Procurement and Disposal Regulations, 2006.
In January 2016, the Public Procurement and Asset Disposal Act, 2015 (the Act) was enacted. This massively changed the mandate of the Public Procurement Oversight Authority (PPOA) as it largely assumed the regulatory function which then transited to Public Procurement Regulatory Authority (PPRA). The Act establishes the Public Procurement Regulatory Authority among other functions, to monitor, assess and review the public procurement and Asset Disposal system to ensure they respect the National values and other provisions including Article 227 of the constitution on public procurement.
Kenya Medical Practitioners And Dentists Council
To regulate the training, practice and licensing of medicine & dentistry and healthcare institutions that include private & mission hospitals, medical, dental centers & clinics, nursing and maternity homes and standalone funeral homes.
Tourism Regulatory Authority
Utalii House,4th Floor, Utalii Lane, off Uhuru Highway. P.O. Box 30027
Nursing Council Of Kenya
Agriculture And Food Authority
Media Council Of Kenya
Water Services Regulatory Board
Kenya Airports Authority
Kenya Ports Authority
Energy And Petroleum Regulatory Authority
Private Security Regulatory Authority
Export Processing Zones Authority
NGO Coordination Board
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