Category: Trusts
-
How to Register a Trust in Kenya
By Meshack Masibo Are you looking to set up a trust in Kenya? Understanding the process and legal requirements is crucial. A trust is a legal arrangement where a settlor (the person creating the trust) transfers property or assets to a trustee, who manages them for the benefit of beneficiaries.…
-
How do Payment Companies keep your money safe?
By Meshack Masibo and Joy Kawira When you send money to someone through Mpesa or book a movie ticket through Pesapal have you ever wondered how that money moves and where it is stored? Well behind every secure transaction is a Trust Account. A Trust Account is a legal arrangement…
-
What are the Duties of a Payment Service Provider (PSP) in Kenya?
By Meshack Masibo and Joy Kawira The payments and remittances industry is bustling the world over with estimates showing that Kenyans in the diaspora sent home a whooping 210 billion shillings in the past 4 months alone. Additionally, the rise of e-commerce which is projected to grow to 4.2 billion US dollars in revenue alongside ride-hailing platforms and cryptocurrency exchanges has…
-
What is a Trust and why is it Important?
What do you think about when you hear the word ‘Trust’? Maybe you think about a relationship you once had that ended badly or if you are cheeky enough, a type of male contraceptive. However, the word Trust also has a legal definition which means a legal entity created by…
MasiboLaw 