The Capital Markets Authority (CMA) has issued a stern warning to Kenyans regarding 15 investment platforms operating unlawfully and engaging in fraudulent activities. These entities are accused of soliciting funds without the necessary licenses or approvals.

• The CMA, in a notice dated Saturday, September 12, cautioned the public against these platforms.
• The platforms are under active investigation by the Directorate of Criminal Investigations (DCI) in collaboration with the CMA.
• These entities allegedly promoted cryptocurrency, forex trading, and Money Market Funds (MMFs) illegally.

The Kenya Revenue Authority (KRA) is transitioning to a new system for electronic cargo tracking seals, moving from government-owned seals to a Multi-Vendor, User-Owned Seals model.

• The new system requires businesses to obtain electronic seals from 15 approved private vendors.
• This change is being implemented under the Regional Electronic Cargo Tracking System (RECTS).
• The transition is scheduled to be completed by October 26, aiming to improve service delivery and ease congestion at the Port of Mombasa.

President William Ruto has reiterated that Kenya remains open to foreign investors and workers, emphasizing that compliance with the country's laws is paramount.

• President William Ruto addressed concerns following a 90-day ultimatum for foreigners in small-scale businesses to regularize their status.
• The directive requires foreigners to obtain necessary immigration documents, work permits, and business registrations.
• President Ruto also warned against the harassment of foreigners, stating that Kenya will continue to be an open society and all individuals will be treated fairly under the law.