Jinaro K. Kibet, SC

Senior Partner, Corporate & Commercial Practice
T: +254 20 272 7171 C: +254 709 830 100 E: jkibet@tripleoklaw.com W: https://www.tripleoklaw.com/

Jinaro Kibet, SC has the rank of Senior Counsel, the highest level of recognition for an advocate in Kenyan legal practice.

He has 34 years of post-qualification experience during which he has garnered a wealth of experience in securities advisory, corporate restructuring, banking, and insurance law advisory for local and international corporates, private equity and investment advisory, public-private partnerships, capital markets and securities, mergers and acquisitions, and other financial services.

Due to his significant advisory experience and cutting-edge solutions to the legal needs of diverse clientele, Jinaro has been internationally recognized for his work by The Legal 500 and Chambers & Partners. He was recently ranked in The Legal 500 Europe, Middle East & Africa 2023 as a Recommended Lawyer in the Commercial, Corporate, and M&A practice as well as in the Employment practice.

He has deep capital markets expertise, having previously served as chairperson of the Capital Markets Tribunal. He also serves as a Board Member in numerous organizations in the Kenyan commercial landscape both in the private and public sectors. He has been an avid ally of the Kenyan athletics fraternity, currently serving as Vice-President of Athletics Kenya. In addition, in 2020 he was appointed to the World Athletics Governance Commission and the Human Rights Working Group. 

Qualifications: 

  •  LLB (Hons.)
  • Diploma in Law (KSL)
  • Patent Agent (KIPI)

Memberships: 

  • Law Society of Kenya
  • East Africa Law Society
  • Commonwealth Lawyers Association

Key Matters

1. The Co-operative Bank of Kenya

(One of the country’s largest lenders) in connection with the restructuring of the debt owed to it by Kaluworks Limited (under administration) amounting to USD 93.3 million (KES 12.6 billion) in one of the few success stories of companies in Kenya that have come out of administration through a viable workaround.
 In structuring project finance for a large-scale real estate development known as Wanho Jacaranda Gardens Estate. The development was built on 8.013 hectares of land consisting of 840 apartment units, a clubhouse, a kindergarten, and a shopping mall valued at USD 83 million (KES 11.5 billion). This is currently the largest known development project to be undertaken by a multinational investment entity. 
(A leading real estate developer and the largest institutional investor in rental housing in East Africa) in the establishment of the region’s first USD 52 million (KES 6.53 billion) Income Real Estate Investment Trust (I-REIT) fund. The fund was the first issuance to list on the Over-the-Counter platform segment of the Nairobi Securities Exchange.
In the establishment of the world’s first USD 52 million (KES 6.53 billion) Development Real Estate Investment Trust (D-REIT) fund.
In a pioneering venture within the realm of Real Estate Investment Trusts (REITs) and a transaction value of USD 28 million (KES 3.8 billion) involving a complex and strategic restructuring of their ILAM FAHARI I-REIT. 
(A multimillion-dollar cement manufacturing company) in a successful USD 25 million (KES 3.4 billion) large-scale corporate commercial transaction involving the sale of shares to share purchasers being funded from South Africa.
In a cross-border transaction involving the operation of a joint venture agreement between Kenyan entrepreneurs and AEE Power (Pty Limited) (a Pan-African EPC contractor and power developer headquartered in Spain) for the development of a USD 20 million (KES 2.78 billion), 10 MW power production plant in Kenya.
(A leading global impact investment group) in the sale of nearly 30% of its stake valued at USD 20 million (KES 2.5 billion) in Goodlife Pharmacies. Goodlife Pharmacies is East Africa’s leading healthcare and retail pharmacy chain. The sale was to Eurapharma, the healthcare division of the CFAO Group and a foremost wholesale distributor of quality pharmaceuticals in Africa, where it owns and operates subsidiaries in 23 countries.
Concerning purchase of land and its subsequent development valued at USD 11.9 million (KES 1.6 billion). This transaction involved negotiating and drafting a Joint Venture Agreement between Acorn, the landowners, and contributors as well as a Mezzanine Loan Agreement for the initial purchase of the land.
In a first-of-its-kind project in the real estate sector. The volume of capital injected into the project towards the large-scale acquisition of town land valued at USD 10.5 million (KES 1.45 billion) was subject to complex statutory and regulatory regimes.
In connection with the sale and acquisition of a partnership interest valued at USD 4.38 million (KES 552 million) in an I-REIT.

Capabilites

See all Lawyers

Insights

Insights

LEGAL ALERT: Temporary Suspension of Section 12d of the Income Tax Act and Related Minimum Tax Guidelines

See Article

Insights

CLIENT ALERT: Reputation Management in the Age of Cancel Culture

See Article

LEGAL ALERTS

Client Alert: Nairobi Securities Exchange ESG Disclosure Requirements

See Article
See All