Clay&AssociatesAdvocates

Corporate & Commercial

Your Business, Our Solutions.

Analysis and commentary on Kenyan law as it is practised: corporate, IP, regulatory, disputes and the industries we serve. Written by the advocates who do the work.

African business professional in a suit, portraitCorporate & CommercialVenture Debt in Kenya: An Alternative to Equity Financing for StartupsKenyan startups borrowed close to half a billion dollars in 2025, roughly matching what they raised in equity…12 Sep 2026African business professionals shaking hands after concluding a deal in a cafeCorporate & CommercialStartup Exit Strategies in Kenya: Trade Sales, Secondary Sales and IPO ReadinessAn exit for a Kenyan startup rarely means an IPO. In practice it means a trade sale to…12 Sep 2026Two businessmen reviewing and signing an acquisition document, representing change of control approvals for acquiring a licensed financial services business in KenyaCorporate & CommercialAcquiring a Licensed Financial Services Business in Kenya: Change-of-Control Approvals and Regulatory Due DiligenceBuying a stake in a Kenyan bank, insurer or licensed fintech is never just a share purchase agreement.…11 Sep 2026African businessman in a suit with a city financial district skyline behind him, representing private credit funds and alternative lending in KenyaCorporate & CommercialPrivate Credit Funds in Kenya: CMA’s Regulatory Approach to Alternative Lenders"Private credit fund" is not a defined term in Kenyan law, and that gap trips up more foreign…11 Sep 2026Small aircraft parked on an airport tarmac at sunset, representing Kenya's Air Passenger Service Charge ActRegulatory & ComplianceKenya’s Air Passenger Service Charge (Amendment) Act 2026: What It Actually ChangesPresident Ruto assented to the Air Passenger Service Charge (Amendment) Act on 8 September 2026, and within days…9 Sep 2026Two professionals reviewing legal paperwork in an office, representing Kenya's new Trust Administration ActRegulatory & ComplianceKenya’s Trust Administration Act 2026: What Changes for Trustees and BeneficiariesUpdated 24 September 2026: this article has been revised against the Act as published in the Kenya Gazette…9 Sep 2026African professionals in a meeting discussing Kenya's work permit classesRegulatory & ComplianceKenya Work Permit Classes Explained: Which One Your Business Actually NeedsKenya's work permit system runs from A through R, and most guidance online covers only the two classes…9 Sep 2026Historic African coastal fort overlooking a harbour, representing African trade under AfCFTARegulatory & ComplianceRegistering for AfCFTA Preferential Treatment in Kenya: The Rules of Origin Process ExplainedExporting under the African Continental Free Trade Area sounds simple in theory: qualify as Kenyan-origin, get a certificate,…9 Sep 2026Solar engineer inspecting panels at a renewable energy plantRegulatory & ComplianceKenya’s National Energy Policy 2025-2034: What the Renewables Push Means for InvestorsKenya's next National Energy Policy has been widely described online as though it were already settled government policy,…9 Sep 2026 Talk to usNeed advice on Corporate & Commercial?Speak to an advocate about your Corporate & Commercial matter.Get in touch