Kenya Economy

Cricket Betting Tips and Predictions for Fantasy Cricket Matches : Africa Cricket Association Cup T20 2022

Kenya vs Cameroon, Match 9 of the Africa Cricket Association Cup T20 2022 will be played in Benoni, South Africa. LIVE SCORE – Kenya vs Cameroon Africa Cricket Association Cup 2022 Tournament Statistics Top Batter (runs scored) Top Bowler (wickets taken) Most sixes points table Kenya won its first match …

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Fuel prices hit historic high as government ends subsidies

The new fuel prices are a historic high in Kenya. [File, Standard] Fuel prices in Kenya have reached an all-time high after the government scrapped the fuel subsidy program that gave motorists relief last year. In Nairobi, a liter of petrol costs Sh179.30, while a liter of diesel costs Sh165.00. …

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Nema blames Homa Bay County for illegal mining activities

Business Nema blames Homa Bay County for illegal mining activities Tuesday September 13, 2022 An entry point to a tunnel used for gold mining in Kosele, Rachuonyo South Sub-County in Homa Bay County on July 8, 2021. PHOTO | DECENTITY The National Environment Management Authority (Nema) says Homa Bay County’s …

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Queen Elizabeth II was the biggest spectator in history

Queen Elizabeth II died Thursday afternoon at the age of 96 at Balmoral Castle in Scotland. She was on the British throne for 70 years, making her Britain’s longest-reigning monarch. “Busy” is perhaps the keyword here. While the Queen’s official powers in a constitutional monarchy were greater than many might …

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What the US can learn from Kenya’s fight for democracy

Last month we helped lead an international election observation mission to Kenya‘s presidential election, sponsored by the International Republican Institute (IRI) and the National Democratic Institute (NDI), on whose boards we serve. At the time of writing, William Ruto had narrowly ousted Raila Odinga, but challenges to the results are …

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Kenya wants to sign a double taxation agreement with China

Kenya plans to sign an agreement with China to end double taxation, The Nation newspaper reported. The agreement, subject to ratification by the Chinese and Kenyan governments, will create a favorable environment for investment and trade in goods and services. Kenyan Treasury Minister Ukur Yatani has sought public opinion before …

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Envoys-designate present credentials to President Alvi – Latest News – The Nation

Ambassadors of Germany, Spain, Belgium, Libya, Kenya and Ethiopia telephone the President separately. ISLAMABAD – The designated ambassadors of Germany, Spain, Belgium, Libya, Kenya and Ethiopia presented President Dr. Arif Alvi signed their credentials at a ceremony in Aiwan-e-Sadr on Monday. Ambassador of the Republic of Germany Alfred Grannas, Ambassador …

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Our cultural impact on the world is not new

The Maasai Cricket Warriors team psyche before they leave for one of their training sessions at Ilpolei Field. {Photo/Elvis Ogina} Our elections caused a lot of noise in the global news media. We are indeed a major player on the African and later world stage. We have the largest economy …

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Overview of Kenya’s changing demographic and economic landscape up to 2027

DUBLIN , August 26, 2022 /PRNewswire/ — Added the Kenya Macroeconomic Outlook, 2027 report ResearchAndMarkets.com Offer. This study provides an overview of Kenya changing demographic and economic landscape through 2027, supported by policies to introduce universal health coverage, create affordable housing and foster manufacturing growth. It investigates of Kenya economic …

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Yokogawa Installs IIoT for Remote Performance Management at Kenya Geothermal Complex

August 24, 2022 Yokogawa news summary Yokogawa Electric Corporation announces that it has completed the installation of an IoT system for Kenya Electricity Generating Company PLC (KenGen) that uses mobile communication and other technologies to perform integrated remote power …

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Court prevents Helb from demanding exorbitant fines

Business Court prevents Helb from demanding exorbitant fines Monday 22 August 2022 Student loan beneficiaries at the Helb offices in Nairobi. FILE PHOTO | NMG The High Court has barred the Higher Education Loans Board (Helb) from imposing interest, penalties or fines in excess of the principal amount, ruling it …

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High cost of living, record debt to shorten new Kenyan President’s honeymoon

By VINCENT OWINO Even as the new Nairobi government basks in the warmth of political victory from recent polls, experts predict the honeymoon will be short-lived thanks to a growing list of challenges. In fact, after being declared the winner of the presidential election, William Ruto said there was little …

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Kenyan investors are reluctant to lend billions to the government

capital markets Kenyan investors are reluctant to lend billions to the government Thursday 18 August 2022 The National Treasury Building in Nairobi on Sunday May 24, 2020. PHOTO | DENNIS ONSONGO | NMG Investors are unwilling to lend the government billions of shillings to secure higher interest rates, pointing to …

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Ruto declared winner of Kenya’s presidential election: live results updates

William Ruto after being declared the winner of Kenya‘s presidential election in Nairobi on Monday.Recognition…Thomas Mukoya/Reuters NAIROBI, Kenya –– Kenya’s Vice President William Ruto has won the country’s presidential election, the head of the Electoral Commission said Monday, days after a cliffhanger vote in a country central to East Africa’s …

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RTL Today – Inflation in Kenya: Kenya’s “Mama Mboga” is hoping for the future president

Behind her makeshift stall in the Kenyan town of Eldoret, only a sheet of blue plastic on the floor strewn with bundles of spinach and kale leaves, Agneta Muhonja Ambane’s face is drawn with weariness. The 68-year-old grandmother didn’t go home last night because she feared she might run into …

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China’s economy has become the economic engine of the world: survey » Capital News

About 78.34 percent of respondents from 22 countries believe that the Chinese economy has added vitality to the world economy over the past decade and has become the engine of the world economy, according to a joint poll by the CGTN think tank and the Chinese Institute of Public Opinion …

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Kenya watches US companies dumping China in Biden deal

Business Kenya watches US companies dumping China in Biden deal Tuesday, 08/09/2022 Betty Maina, Cabinet Secretary for Industrialization and Trade. PHOTO | DENNIS ONSONGO | NMG Kenya is vying to become the manufacturing hub for American companies looking to shift out of China or diversify in new trade talks Washington …

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Explained: Why the Kenyan presidential election matters

Kenyans will elect a successor to President Uhuru Kenyatta on Tuesday after a decade in power. The race is tight and could go into a runoff for the first time. One of the frontrunners is Raila Odinga, an opposition leader in his fifth presidential bid who is backed by his …

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Kenya inaugurates new shipyard and new ferry for Lake Victoria

Courtesy of the PSCU Published August 5, 2022 18:46 by The Maritime Executive Kenya‘s ambitions to become a regional shipbuilding and repair center have received a major boost after the flotation of the first ship to be assembled locally in almost 70 years. President Uhuru Kenyatta, who has …

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Uhuru is setting the stage for a US company’s $6 billion investment in Kisumu Solar Power Plant

Business Uhuru is setting the stage for a US company’s $6 billion investment in Kisumu Solar Power Plant Thursday, 08/04/2022 President Uhuru Kenyatta speaks in Kisumu on Tuesday. PHOTO | TONNY OMONDI | NMG An American company will construct a 6.4 billion shillings solar power plant in Kisumu, President Uhuru …

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Kenyan car buyers are switching to hybrid models in droves

Business Kenyan car buyers are switching to hybrid models in droves Tuesday, 08/02/2022 Imported cars at a shipyard in Changamwe, Mombasa in this photo taken on April 22, 2021. PHOTO | KEVIN ODIT | NMG Kenyan car buyers are opting for hybrid models due to rising fuel prices and the …

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Ruto promises economic boom during tour of Ukambani in Northeast

United Democratic Alliance flag-bearer William Ruto has claimed that there is a need to reshape the economy to improve the well-being of all Kenyans. Ruto said on Saturday while on the campaign trail in Garissa and Kitui counties that if elected to office he will ensure youth and small and …

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Call for Creation of Common African Digital Currency, Kenyan Activists Turn to Crypto Funding, Ghana on Precipice – Africa Bitcoin News

In Bitcoin.com News’ inaugural newsletter, featuring the biggest crypto and economic news from Africa, the head of an African regional central bank, Herve Ndoba, begs the bank’s board to launch a common digital currency. At the same time, the regional bank warned that the CAR’s bitcoin law was inconsistent with …

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Russia makes surprise donation of Ksh 118 million to Kenya

Russia has donated Ksh 118 million (US$1 million), which will be used to build the capacity of Kenya‘s healthcare sector to respond to the fallout from the pandemic. The donation came as a surprise as the country is in the midst of a war with its neighbor Ukraine, a move …

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Azimio threatens to shut down debate if discourse isn’t anchored on transplant war Capital News

NAIROBI, Kenya, July 23 (Reuters) – A new storm is brewing ahead of Tuesday’s presidential debate over the issues that will shape discourse between Deputy President William Ruto and his main rival Raila Odinga. While Ruto’s United Democratic Alliance asked for special slots to be allocated for key issues such …

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Cash from Kenyans in US plunges on American inflation

Business Cash from Kenyans in US plunges on American inflation Friday 22 July 2022 The Governor of the Central Bank of Kenya, Patrick Njoroge. PHOTO | SALATON-NJAU | NMG Cash sent home by Kenyans living and working in the US fell for three straight months through June as inflation in …

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UN calls on Kenya to tax crypto sector players and ban advertising

Business UN calls on Kenya to tax crypto sector players and ban advertising Wednesday 20 July 2022 The United Nations has asked Kenya and other developing countries to regulate and tax the cryptocurrency industry to limit the risk of meltdown in the crypto market and risks of financial instability. A …

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ACA: Mobilizing Funds to Create a Modern African Economy

When the African Capital Alliance (ACA) was formed in 1997, it had continental goals but had to start somewhere. Its first foothold as a pioneering private equity firm trying to make its mark in raising investable funds was in Nigeria’s commercial capital, Lagos. It was a most inopportune time, in …

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The grand standard? The dozen countries in the danger zone

Lebanon, Sri Lanka, Russia, Suriname and Zambia are already in default, Belarus is on the brink and at least a dozen more are in danger as rising borrowing costs, inflation and debt stoke fears of economic collapse. Adding up the costs is a feast for the eyes. Using bond spreads …

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The Office of the US Trade Representative announced Thursday that the US and Kenya will begin developing closer ties under an agreement that would address non-tariff barriers to trade. | 2022-07-14

The US Trade Representative’s office announced Thursday that the US and Kenya will begin to forge closer ties under an agreement that would improve farm trade by addressing non-tariff barriers. The Biden administration continues to defy criticism that it does not negotiate traditional tariff-reducing market access deals in pacts like …

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DSA is urging Kenyan policymakers to allocate all 6GHz bandwidth for Wi-Fi use

The Dynamic Spectrum Alliance (DSA) has welcomed the Kenyan government‘s decision to designate the lower 6 GHz radio spectrum (5925 – 6425 MHz) for license-free Wi-Fi use. This is in line with the African Telecommunications Union recommendation of July 2021. DSA is a global organization dedicated to promoting innovation in …

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Africa Demonstrates Commitment to Protect and Sustainable Development of Marine Resources at UN Oceanic Conference – OpEd – Eurasia Review

The United Nations Ocean Conference (UNOC), co-organized by Portugal and Kenya from 27 June to 1 July 2022 in Lisbon, Portugal, was a landmark ocean event to bring together decision-makers, innovators, private sector actors and stakeholders to implement SDG Goal 14 and Aspiration 1.6 of Africa’s Agenda 2063, both of …

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This week: Wave raises 90 million euros

Plus, hackers want ShopRite to pay for their customers’ data. Editor’s Notes Week 27, 2022 Reading time: 5 minutes Nigeria introduced eNaira last year; Ghana’s eCedi just entered the pilot phase this week. No funny joke here – I’m just giving you the news. 👍🏿 Enjoy the long weekend Kelechi …

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DG NITDA Bag Leadership Commendation Award in London – TechEconomy.ng

In recognition of his thoughtful leadership and his unprecedented achievements in implementing the National Digital Economy Policy and Strategy (NDEPS) for a digital Nigeria; Kashifu Inuwa, Director General of the National Information Technology Development Agency (NITDA), has been awarded the African Leadership Organization’s prestigious Special African Leadership Commendation Award. The …

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CBK wants to spy on lenders who disregard consumer rights

Business CBK wants to spy on lenders who disregard consumer rights Tuesday 05 July 2022 Central Bank of Kenya. FILE PHOTO | NMG The Central Bank of Kenya (CBK) is seeking a consultant to spy on commercial banks and microfinance lenders to uncover consumer violations such as hidden fees, false …

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OPINION: Unfair practices crowding out gambling companies in Kenya

NAIROBI, Kenya, July 3 – Gaming companies contribute more than Shillings 20 billion annually to state and local government budgets in the name of fiscal and parafiscal levies. They have always supported the state, best demonstrated during the coronavirus pandemic as they strengthened the community with ongoing health donations. The …

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Bangi-ology: Gwada Ogot explains the Roots Party’s marijuana pledge

Researcher Gwada Ogot. [Wire Apondi, Standard] Researcher and political scientist Gwada Ogot has led Roots Party delegates to explain to the nation why Prof George Wajackoyah’s marijuana campaign is the best choice for Kenya’s struggling economy as the country prepares for August 9 elections . Speaking at KICC today ahead …

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Rigathi Gachagua blames Uhuru Kenyatta and Fred Matiangi for the growing insecurity

During a Kenyan Kwanza Economic Forum in Laikipia County, Gachagua pointed the finger at President Uhuru Kenyatta and Interior Minister Fred Matiang’i, claiming they were not properly performing their duties. Citing Laikipia’s previous publicity of insecurity, Gachagua expressed disappointment to the head of state and Matiang’i for not responding quickly …

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What significance does Africa have for the West, for the world? (8) – Businessamlive

The COMMONWEALTH CONFERENCE, also known as the Commonwealth Heads of Government Meeting (CHOGM), came to Africa again last week, this time in Kigali, the capital of Rwanda. Since the founding of the Commonwealth in 1949, Africa has hosted more conferences than any other continent with Commonwealth countries. With the Kigali …

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The current pain is not only due to Ukraine, the Covid-19 pandemic

A shopper at a Samrat supermarket in Nyeri. [Kibata Kihu, Standard] The government has told anyone willing to listen that the current economic crisis stems from the war in Ukraine and the ongoing impact of the Covid-19 pandemic’s supply chain disruptions. Industrial fair. A significant part of the inflationary pressures …

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Kune Food closes almost a year after starting operations in Kenya – TechCrunch

Kune, a Kenya-based startup that started as an on-demand grocery delivery service before morphing into an online restaurant in recent months, has shut down today, affecting 90 employees, some of whom were just hired in the last month became . The startup was founded in December 2020 and conducted a …

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Kenya: Ministry signs agreement to improve access to breast cancer treatment Breast cancer is the most commonly diagnosed cancer in Kenya, with 6,000 cases diagnosed each year

The Ministry of Healththe National Health Insurance Fund (NHIF) and Roche today signed Letters of Intent (MOU) making Herceptin, an innovative breast cancer treatment, available to all NHIF members with no cash match payment. This is the first national cancer drug access program in

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Hoteliers asked to identify skill gaps to accelerate recovery efforts » Capital News

NAIROBI, Kenya, June 19 – The government has called on the Hotel Owners and Caterers Association of Kenya (KHAC) to task the National Industry Training Authority (NITA) with developing a robust action plan to help the sector recover. At a symposium convened by KHAC, Jackson Kalla, Chief Administrative Secretary for …

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Celebrating Kenyan Nightlife – Business Daily

company We celebrate the robustness of Kenyan nightlife Friday 17 June 2022 Dj Xclusive (left) and Meera Kaira pose for a photo during the Save the Night event hosted by Jägermeister on June 09, 2022 at the Noir Gallery. PHOTO | FRANCIS NDERITU | NMG Kenyan artists, bartenders and creatives …

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According to Keroche, 10,400 employees will lose their jobs after KRA closed its factory again

NAIROBI, Kenya, June 14 (Reuters) – Local brewery Keroche Breweries has asked the Kenya Tax Authority (KRA) for a moratorium on paying Sh322 million in tax arrears, noting that the tax official allowed the Naivasha-based brewery to operate despite initial agreements in May. The company’s chief executive, Tabitha Karanja, said …

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Kenya plans to cut funding for tourism marketing in Japan and Italy

Business Kenya plans to cut funding for tourism marketing in Japan and Italy Monday 13 June 2022 Tourism CS Najib Balala. FILE PHOTO | NMG Kenya plans to cut marketing spend in three traditional tourism source markets to free up advertising budgets in favor of five new markets such as …

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ICG: Kenya’s August 9 elections could be contested

BY ONYANGO K’ONYANGO A prominent electoral administration body that protects individual and business interests and the involvement of Kenyan President Uhuru Kenyatta in succession politics could see the outcome of the country’s general election in August being contested. In a report released earlier this week by the International Crisis Group …

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Justina Wambui Wamae: How Wajackoyah chose me as a running mate

Presidential candidate Justina Wambui Wamae has come out to reveal how she defeated other contenders for election as the likely presidential nominee of Deputy President George Wajackoyah’s Roots Party. Speaking of citizen television On Wednesday, June 8, Wamae announced that her husband played a crucial role in rekindling her passion …

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Raila’s statement about Mitumba causes an uproar

Azimio la Umoja A Kenyan presidential candidate, Raila Odinga, has come under fire for his comments about second-hand clothing, known as Mitumba. During its manifesto launch on Monday June 6th, Raila stated that the importation of mitumba Clothing into the country had killed other sectors of the economy including manufacturing. …

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Kenya Kwanza optimistic to win State House in August Capital News

NAIROBI, Kenya, June 4 (Reuters) – The Kenya-Kwanza coalition exuded confidence in the August 9 election today after claiming victory after the Independent Electoral and Boundary Commission (IEBC) nominated Deputy President William Ruto for the candidacy had released to the presidency. During the Kamukunji rally in Nairobi, DP Ruto’s running …

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Kenya’s plan to acquire LPG logistics company from Tanzania

By ANTHONY KITIMO Kenya is attempting to dominate the liquefied petroleum gas (LPG) supply by building the largest import and storage gas facility in Mombasa and licensing more private companies to compete with Tanzania, which has dominated business in the region for years. The announcement of the construction of a …

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The government is trying to raise Kenya’s debt ceiling to 10 trillion shillings

NAIROBI, Kenya, May 31 – The National Treasury has proposed raising the debt ceiling to Sh10 trillion from the current Sh9 trillion to allow the government to borrow more to meet the Sh3.33 trillion budget for fiscal year 2022-23 finance. In a Gazette note published on May 26, Treasury CS …

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HR professionals explore the future of the workplace after the pandemic

Tom Mulwa, Managing Director of Liaison Group, Joan Wainaina, Group Head People & Culture, Paul Kasimu, Chief Human Resource Officer of Safaricom PLC, and Xetova, Chief Technology Officer of Bright Gameli, during the opening of the 1st Human Resource Management Forum Liaison Group. [Courtesy] Since 2020, the world of work …

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The UN Security Council extends the arms embargo on South Sudan until June 2023

The UN Security Council passed a resolution to renew an arms embargo on South Sudan and targeted sanctions such as travel bans and asset freezes against individuals and entities until May 31, 2023. Resolution 2633, passed Thursday with 10 votes in favor and five abstentions, also extends …

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Canada is making an important contribution to supporting the growth of small and medium-sized agri-food businesses in Africa – World

May 24, 2022 – Nairobi, Kenya – Global Affairs Canada Increasing global food insecurity requires new investments in climate-friendly, nature-based agricultural solutions. Today, the Honorable Harjit S. Sajjan, Minister for International Development and Minister in Charge for the Pacific Economic Development Agency of Canada, announced that Canada has donated US$100 …

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Raila defends the choice of running mate while the Azimio Coalition courts clerics

Raila Odinga (left) and his companion Martha Karua with Father Joseph Mutie and Rev. Samwel Thiong’o after a meeting on May 23, 2022. [Denish Ochieng, Standard] Azimio la Umoja A Kenyan presidential candidate, Raila Odinga, has defended the election of Narc Kenya leader Martha Karua as his running mate. Mr …

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10 books about Kenya by Kenyans

This content contains affiliate links. If you make a purchase through these links, we may receive an affiliate commission. The Republic of Kenya is the 29th most populous country in the world, home to more than 47,600,000 people and the third largest economy in sub-Saharan Africa. It has an incredibly …

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Kasuku: Fixed bets on NFTs to disrupt the art economy

Photos from one of the galleries in Kasuku’s NFT Marketplace [File] For Mowgli Dodhia, the caged parrot symbolizes the potential that African artists can unlock in trading non-fungible tokens (NFTs). “The bird is very beautiful, but caged,” he says. “So how do we break the cage?” Mr. Mowgli is the …

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African food prices soar amid Ukraine war | Africa | DW

Every morning, the operators of a small kiosk in an informal neighborhood in Kenya‘s capital, Nairobi, bake fresh chapati – a popular flatbread. Chapatis are usually around Kshs 20 ($0.17, €0.17). However, customers can hardly afford it anymore. “Chapati now costs twice as much. Life has become extremely expensive,” complained …

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Kenya raises alarm over surge in donkey slaughter

An animal rights activist in Kenya has sounded the alarm over the increasing number of donkeys being illegally slaughtered in bushes in different parts of the country. Brooke East Africa Regional Director Raphael Kinoti said various cases of donkey slaughter have been reported in different locations such as Kitengela and …

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Court reinstates official who bought 279m Sh homes in days

Business Court reinstates official who bought 279m Sh homes in days Wednesday, May 11, 2022 By Edna MwendaMore from this author summary The judge found that the suspension came while a case filed by Ms. Muthui contesting her transfer by the agency was pending in the Labor Court. The judge …

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Kenya abounds with opportunities for local exporters

The Sunday Post trade focusAlan Majuru The ongoing engagement and re-engagement initiative driven by President Mnangagwa is bearing fruit. More and more countries are warming to bilateral trade and economic relations with Zimbabwe. Recently, the Second Republic has intensified its cooperation with other African countries to explore opportunities used by …

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Uhuru to Launch Expressway This Month – Business Daily

Business Uhuru will launch Expressway this month Friday 06 May 2022 Nairobi Expressway along Waiyaki Way, Westlands in this photo taken April 16, 2022. PHOTO | JEFF ANGOTE | NMG BY EDWIN MUTAIMore from this author summary Once taken off, motorists will have to pay tolls ranging from Sh100 to …

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Bad roads, inefficient ports blamed for high transport costs

Shipping & Logistics Bad roads, inefficient ports blamed for high transport costs Wednesday 04 May 2022 Motorists struggle to navigate part of the derelict Mlolongo-Katani road near Mlolongo in this photo taken on May 29, 2021. PHOTO | JEFF ANGOTE | NMG By ANTHONY KITIMOMore from this author summary According …

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BBI initiative would have solved SRC problems but was rejected: Uhuru » Capital News

Nairobi, Kenya, May 2 (Reuters) – President Uhuru Kenyatta said the Building Bridges Initiative (BBI) constitutional amendment bill had solved the problem of the Salary and Remuneration Commission (SRC) exceeding its mandate in relation to workers’ grievances when it would be accepted. President Kenyatta was responding to a request from …

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Why fists and chairs always fly in elections

By Charles Onyango Obbo Kenya‘s party primaries ahead of August 9 general elections are largely complete. Although some ended relatively peacefully, there were more than enough that descended into the usual chaos and violence. Although it seemed less anecdotal this time, violence has been a feature of Kenyan party nominations …

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Icelandic group investigates using geothermal energy to dry tea in Kenya

Collecting tea in Kenya (Source: flickr/ Shared Interest, creative commons) Icelandic companies Intellecon and BBA // Fjeldco have partnered with Kenya’s Geothermal Development Company (GDC) to secure a grant to explore the use of geothermal energy to dry tea in Kenya. With support from the Icelandic Foreign Ministry’s Sustainable Development …

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Prison risk for using frozen Sh5.6bn linked to top politicians, Nigerians

Business Prison risk for using frozen Sh5.6bn linked to top politicians, Nigerians Monday 25 April 2022 Frozen money concept. FILE PHOTO | NMG BY ADONIJAH NDEGEMore from this author summary The money in six bank accounts that was frozen earlier this month is suspected to be part of a money …

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Pros and cons of DRC joining East African bloc

On March 29, the Democratic Republic of the Congo (DRC) was admitted to the East African Community (EAC), becoming its seventh member state, alongside Burundi, Kenya, Rwanda, South Sudan, Tanzania and Uganda. The Democratic Republic of the Congo is the largest country in the bloc with a population of around …

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Why do over 1000 SMEs in Kenya fail every day?

Why do over 1000 SMEs in Kenya fail every day? By Soko Directory Team / Published April 20, 2022 | 1:35 p.m IMPORTANT POINTS Factors cited as the main contributors to the collapse of many SMEs include poor management, an inability to manage and account for funds, including bookkeeping and …

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Yatani leaves out the budget for Uhuru’s retirement office

Business Yatani leaves out the budget for Uhuru’s retirement office Monday 18 April 2022 President Uhuru Kenyatta. PHOTO | PSCU By CONSTANT MUNDAMore from this author summary The Treasury Department is understood to avoid violating parts of the law that bans a retired president from holding office in a political …

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Agriculture suffers from the low budget allocation in EAC

By LUKAS ANAMI Even as starvation, starvation and inflation ravage the East African region, the bloc is still reluctant to fund agriculture and has allocated less than 0.01 percent of its budget to the sector. In the draft budget for fiscal year 2022-2023, the East African Community partner countries allocated …

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Kenyatta, Moi-era barons risk auction of Sh31 billion

Business Kenyatta, Moi-era barons risk auction of Sh31 billion Wednesday April 13, 2022 Kenya‘s first President Mzee Jomo Kenyatta (left) and his successor Daniel Toroitich arap Moi. FILE PHOTO | NATION MEDIA GROUP. By CONSTANT MUNDAMore from this author summary The Kenya Development Corporation – the state body created by …

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Digital lenders to uncover source of funds in CBK dirty cash war

Business Digital lenders to uncover source of funds in CBK dirty cash war Monday 11 April 2022 The Governor of the Central Bank of Kenya, Patrick Njoroge. PHOTO | SALATON-NJAU | NMG BY JOHN MUTUAMore from this author summary CBK Governor Patrick Njoroge has repeatedly warned that digital lenders are …

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Kenya Budget 2022 – Summary | The tone

The Cabinet Secretary responsible for the National Treasury released his budget statement on April 7, 2022. In this warning, we summarize the Cabinet Secretary’s key tax proposals. 1. Is the National Tax Policy Framework really on the way? In his 2021 budget statement, the Cabinet Secretary indicated that he had …

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Odinga is running his fifth presidential race. Why the result means so much for Kenya

Leo ni leo. Inawezekana (Today is the day. It is possible). These are the Swahili lyrics of Raila Odinga’s anthem for the presidential campaign. The 77-year-old veteran Kenyan politician has not lost his optimism despite voting for the fifth time. He was in the running in 1997, 2007, 2013 and …

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Low-hanging fruit for Kenya following the inclusion of the Democratic Republic of the Congo in the East African bloc

ideas & debate Low-hanging fruit for Kenya following the inclusion of the Democratic Republic of the Congo in the East African bloc Wednesday 06 April 2022 DR Congo President Felix Tshisekedi. FILE PHOTO | NMG By GEORGE WACHIRAMore from this author Summary Last week, the Democratic Republic of the Congo …

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Kenya: Kericho Law Courts join 23 other stations in nationwide rollout of out-of-court mediation

Kericho – The Kericho Law Courts have joined 23 other courthouses across the country in establishing the Court Annexed Mediation (CAM) program, a form of alternative dispute resolution whereby cases brought to court for trial are sent to the court for possible settlement be forwarded to mediation . Chief Judge …

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Kenya launches applications for re-election to key international ICT positions 

CA DG Ezra Chiloba Kenya has launched its bid for re-election to two key posts in international ICT organizations. The country is seeking another term in the Council of the International Telecommunication Union (ITU), a key decision-making body of the UN agency for ICT. At the same time, the country …

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Dubai’s DP World launches e-commerce platform in Tanzania

DP World has announced the launch of its wholesale e-commerce platform dubuy.com in Tanzania. The online marketplace will give Tanzanian companies better access to international markets. It will also provide a safer and more reliable supply chain through DP World’s global port and logistics network, it said in a statement. …

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Kenyans would like their voice to be heard more in budget planning

A woman sells vegetables along the Naivasha – Nakuru highway, January 2022. [Elvis Ogina, Standard] When Ms. Phyllis Muhoro, owner of a convenience store in Hunters, Nairobi, is being interviewed, a lady strolls in and goes straight to the pastry section. She tastes the breads and then asks: “kuna mkate …

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Government targets to strengthen the ICT skills pool in the public sector

The government plans to review the information and communication skills of all civil servants to identify ICT gaps in the sector. ICT Cabinet Secretary Joe Mucheru says the move will help improve digital capacities as part of Kenya‘s digital transformation agenda. ICT illiteracy in the public sector remains high, hampering …

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Kenya relies on FinTech to drive financial inclusion

Kenya has an opportunity to become a continental leader in FinTech and dramatically boost financial inclusion by enhancing the existing ecosystem. This is according to a new study by TheCityUK and the Nairobi International Financial Center (NIFC), developed by PwC. In doing so, the public and private sectors will refocus …

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Treasury receives Sh785 million rejected by German bank

economy Treasury receives Sh785 million rejected by German bank Wednesday March 23, 2022 Chief Secretary of the National Treasury Julius Muia. PHOTO | SALATON-NJAU | NMG BY EDWIN MUTAIMore from this author Summary Secretary-General Julius Muia said the money had been transferred to the Treasury more than a year and …

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Kenya: Jumia Vendors Offer Exciting Deals for Tech Week 2022

Nairobi – Jumia customers will receive discounts of up to 50 percent on tech and electronic products during the Tech Week campaign. The offers come from over 100 local and international suppliers, including Xiaomi, Samsung and Tecno, and will run from March 21st to April 3rd. “The Tech Week campaign …

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Kenya: Prepare fare hike, Matatu owners warn after fuel adjustment

Nairobi — Kenyans should brace themselves for higher Matatu tariffs after the Energy and Petroleum Regulatory Agency (EPRA) hiked fuel prices. This is according to Matatu Owners Association (MoA) chairman Simon Kimutai, who has defended the proposed move. “We are in business and I have told our members that once …

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Kenya worries about Chinese imports

People who make products by hand in Kenya, known as artisans, are concerned about competition from similar goods from China. Thousands of people are known to make items to sell in a large Nairobi market. Njoroge Macharia makes stoves known as jikos in the local Swahili language. He said similar …

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MEPs want back tolls on roads and bridges

economy MEPs want back tolls on roads and bridges Monday, March 14, 2022 Ongoing construction of the Nairobi Expressway along the Uhuru Highway. PHOTO | DIANA NGILA | NMG BY EDWIN MUTAIMore from this author Summary The National Assembly’s Delegated Legislation Committee last week approved the 2021 Public Finance Management …

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Cooking oil prices triple while palm oil costs rise 33 percent

economy Cooking oil prices triple while palm oil costs rise 33 percent Friday March 11, 2022 Crude palm oil prices have risen by 33 percent due to the Ukraine crisis. FILE PHOTO | NMG BY ELIZABETH KIVUVAMore from this author Summary Edible oil makers are now buying palm oil, the …

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CBK lifts credit price freeze following IMF announcement

economy CBK lifts credit price freeze following IMF announcement Wednesday 09 March 2022 Central Bank of Kenya. FILE PHOTO | NMG By OTIATO GUGUYUMore from this author Summary Equity Bank is the first lender to publicly announce that CBK has approved the risk element in its loan formula, pricing its …

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Without legislation, we cannot propose economic models

Vendor pulls a handcart at Nairobi’s Marikiti Market. October 9, 2020. [Elvis Ogina, Standard] It seems theatrical as we see waves of politics in post-colonial Kenya oscillating in cyclical, well-choreographed episodes in a repetitive fashion. As noted in Achile Mbembe’s Post-Colony Theory, this country’s founding political elites disregarded the independence …

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Kenya is raising the debt ceiling and Samia is on a debt frenzy

BY JAMES ANYANZWA Kenyan lawmakers are pushing for a law change to take on a new Ksh 4 trillion ($35.39 billion) indebtedness to fund a soaring budget deficit amid warnings the country is heading into a debt crisis. The Kenyan Treasury is considering options to fund a deficit of 846 …

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B2B marketplace Solv expands to Kenya

Financial services company Standard Chartered is expanding its business-to-business (B2B) marketplace Solv, launched in India two years ago, to Kenya‘s e-commerce space. Standard Chartered Bank Kenya is likely to be among the platform’s financial partners, which offers an online marketplace, support services and loans from multiple small business lenders, according …

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Kenya: More stable, secure internet for Kenya as it is set to host a mega data center

Nairobi — Kenya‘s internet speeds are set to become steadier, faster and more secure after a global nonprofit, the Internet Corporation for Assigned Names and Numbers (ICANN), confirmed the country will be home to one of Africa’s largest data centers. The Nairobi hub will be one of the company’s four …

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ICANN-managed root server clusters to strengthen African Internet infrastructure

ICANN to enable faster and more robust connectivity in Kenya with installation of the cluster. ISTANBULFeb. 28, 2022 /PRNewswire/ — Netizens in Africa will soon benefit from faster access and better protection against cyberattacks, thanks to the installation of two root server clusters. The Internet Corporation for Assigned Names and …

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The Fifa suspension offers Kenya a great opportunity to rethink and rebuild

Harambee Stars captain Michael Olunga celebrates his goal with Joseph Okumu and Richard Odada during the second round of FIFA World Cup Qualifying at Nyayo National Stadium on Monday November 15, 2021. [Jonah Onyango, Standard] It’s been a hectic week for the world and even more so for the Kenyans …

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Address inclusivity in the planned launch of digital currencies

columnists Address inclusivity in the planned launch of digital currencies Friday February 25, 2022 The Central Bank of Kenya building in Nairobi. PHOTO | DENNIS ONSONGO | NMG By OTIENO PANYAMore from this author Summary According to the regulator, CBDC will serve as legal tender similar to regular banknotes and …

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UN Global Compact calls on business leaders in Kenya to work for more impact

The United Nations Global Compact, in partnership with the Global Compact Network Kenya, has announced its new Africa Strategy to advance corporate sustainability and scale responsible business practices across Africa. This is in support of the United Nations Sustainable Development Goals (UNSDGs). Aiming to accelerate and scale the global collective …

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Kenya: Speaker Muturi fails to hold hyped Snow Melting event

Nairobi — National Assembly Speaker Justin Muturi held a low-key gathering of National Delegates at the bomas of Kenya in Nairobi after promising a “melting snow” declaration with the appearance of a special guest. Instead, Muturi questioned the two-horse narrative as misguided ahead of the Aug. 9 presidential election, saying …

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Proposed digital currency to tame transaction costs

From The East African Kenya is exploring a digital currency regime that is being touted as a game changer for the digital money payments space, with consumers reaping the full benefits of faster and cheaper transactions. A cross-section of economists interviewed by The East African shared the view that the …

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A “problem” bigger than Kenya

By Charles Onyango Obbo The Daily Nation reported on Tuesday that Lamu residents have urged Interior Cabinet Minister Fred Matiang’i to clarify the night curfew status in the region. Matiang’i on January 5 this year declared a month-long dusk-to-dawn curfew in some parts of Lamu, following a spate of terrorist …

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State House memo ends hiring freeze at parastatal institutions

business State House memo ends hiring freeze at parastatal institutions Wednesday February 16, 2022 Chief of Public Service Joseph Kinyua. FILE PHOTO | NMG BY BRIAN NGUGIMore from this author summary The head of the civil service, Joseph Kinyua, has issued a circular to principal secretaries, cabinet secretaries and CEOs …

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Ndii meets 2,000 Nyeri delegates to formulate people-centric UDA draft Capital News

NAIROBI, Kenya, Feb. 14 (Reuters) – As the clock approaches the Aug. 9 general election, the United Democratic Alliance (UDA) party has launched a vigorous campaign to sell its bottom-up economic policies with a series of listening tours . The head of the party’s economic department, Dr. David Ndii and …

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Kenya is courting airlines to meet Europe’s Valentine’s Day flower demand

Kenya authorized Ethiopian Airlines Group and Qatar Airways to operate additional cargo flights to meet additional demand for Valentine’s Day flowers. Ethiopia’s national airline was granted 24 flights and Qatari airline five “ad hoc additional flights” between late January and mid-February to ease freight restrictions on Kenyan flower producers, according …

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Republicans want the RNC to get a grip on power struggles unfolding publicly after its no-confidence vote: ‘Keep it in the house’

Republicans in Congress have been grappling for several days with the aftermath of the Republican National Committee’s vote to punish Rep. Liz Cheney of Wyoming and Rep. Adam Kinzinger of Illinois for their criticism of Donald Trump and their participation on the panel investigating the March 6 Capitol siege. consumed …

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BasiGo Secures $4.3M in Seed Funding to Accelerate EV Urban Transition Launch in Kenya – TechCrunch

Kenya-based EV startup BasiGo has closed a $4.3 million seed funding three months after establishing operations in East Africa’s largest economy to bring clean-energy commuter vehicles to a country heavily reliant on buses dependent on fossil fuels. The startup said it will use the new funds to build an assembly …

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Kenya Airways announces plans to introduce direct flights from Nairobi to Milan

Kenya Airways announces plans to introduce direct flights from Nairobi to Milan Kenya Airways has announced that it will offer direct flights from Nairobi to Milan. A statement from KQ confirmed that flights will begin from June 8. It is not yet clear how many flights the national carrier plans …

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Teams from Kenya, Kwanza and Azimio hold parallel rallies in Mombasa

It was a show of force between Deputy President William Ruto’s Kenya-Kwanza Alliance and a group of Azimio la Umoja leaders in Coast who were holding parallel rallies in Mombasa yesterday. Ruto, Musalia Mudavadi, Chair of the Amani National Congress, and Moses Wetangula of Ford-Kenya held a rally at the …

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