Kenyan legislation
Exemption from provisions of Section 19(1) of the Microfinance Act (Cap. 493C)
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In exercise of the powers conferred by section 19(3) of the Microfinance Act (Cap. 493C), the Cabinet Secretary for the National Treasury and Planning exempts the following from the provisions of section 19(1) of the Act:1. Salaam African Bank from the provisions of section 19(1) of the Act, for a period of four years, in connection with the acquisition and direct or indirect holding of ordinary shares in Uwezo Microfinance Bank Limited.[L.N. 29/2021]2. Branch International Limited, from the provisions of section 19(1) of the Act for a period of four years from the 1st January, 2022 until the 31st December, 2025 in connection with the acquisition and direct or indirect holding of ordinary shares in Century Microfinance Bank Limited.[L.N. 17/2022]3. LOLC Mauritius Holdings Limited, from the provisions of section 19(1) of the Act for a period of four years from the 1st January, 2022 until the 31st December, 2025 in connection with the acquisition and direct or indirect holding of ordinary shares in Key Microfinance Bank PLC[L.N. 18/2022]4. Cactus Cantina Investments Limited from the provisions of section 19 (1) of the Microfinance Act, 2006, for a period of four (4) years, with effect from the 1st May, 2023.[L.N. 55/2023]5. HOPE Advancement Inc., from the provisions of section 19 (1) of the Act for a period of four years, with effect from the 4th August, 2023, in connection with theacquisition and direct or indirect holding of ordinary shares in SMEP Microfinance Bank PLC[L.N. 138/2023]
Source: Kenya Law · Imported 4 October 2026