Kenya to complete grid connection to Ethiopia by June

By Kepha Muiruri,

Kenya is expected to complete the connection of its national grid with Ethiopia’s by June this year. Speaking during a tour to inspect various de...

Energy CS Charles Keter , Ethiopia-Kenya Inter-connector , KETRACO

Kenya & IMF reach agreement on Ksh.262.7 billion 3-year loan

By Kepha Muiruri,

Kenyan authorities and the visiting team from the International Monetary Fund (IMF) have reached a staff-level agreement on the disbursement of a Ksh....

COVID-19 , International Monetary Fund (IMF) , National Treasury

Treasury CS Ukur Yatani now goes for Ksh.124 billion Eurobond

By Kepha Muiruri,

National Treasury Cabinet Secretary Ukur Yatani is set to make his debut in the international capital markets with a Ksh.123.5 billion Eurobond in the...

2021 Budget Policy Statement (BPS) , CS Ukur Yatani , Kenya's debt , National Treasury

Kenya seeks Ksh.154B World Bank, IMF loans

By Kepha Muiruri,

Kenya is hoping to raise Ksh.154 billion in debt from the World Bank and the International Monetary Fund (IMF) before the end of June this year. Th...

International Monetary Fund (IMF) , Kenya debt , World Bank

Kenyan banks begin issuing cheap mortgage loans

By Kepha Muiruri,

Kenyan commercial banks have begun issuing cheap mortgage loans following access of State backed financing. On Thursday, the Kenya Mortgage Refinan...

Housing Finance , Kenya Mortgage Refinancing Company , mortgages

Conference on Africa governments delivery of election pledges kicks off in Nairobi

By Citizen Reporter,

A conference that brings together specialised units that have been set up by governments in Africa to speed up the delivery of development programs ki...

President Uhuru Kenyatta , Tony Blair Institute for Global Change

Kenya to host Africa’s delivery units virtual conference

By Guest Writer,

By Eden Getachew Delivery units are becoming a common feature of many governments across the world as leaders grapple with the challenge of del...

Shelter Afrique receives Ksh.1.7 billion in new capital

By Kepha Muiruri,

Pan-African based housing development financier Shelter Afrique has received Ksh.1.7 billion ($16 million) in new capital injection from its sharehold...

Shelter Afrique

EAC kicks off 50 million African Women Speak platform

By Citizen Reporter,

The East African Community (EAC) has kicked-off national launches of the 50 Million African Women Speak Networking Platform (50MAWS). This is a dig...

50MAWS , Tanzania , Ummy Mwalimu

Raychelle Omamo, Sylvia Mulinge among 100 most influential African women

By Citizen Reporter,

Raychelle Omamo and Sylvia Mulinge are among 100 most influential women in Africa in 2020. Omamo is Kenya's Foreign Affairs Cabinet Secretary and M...

graca machel , Raychelle Omamo , Sylvia Mulinge

Kenya in line to save Ksh.244 billion from debt restructure – World Bank

By Kepha Muiruri,

Kenya stands in line to realize gains of up to Ksh.243.6 billion ($2.3 billion) from the suspension of all 2020 loan repayments to its external credit...

IMF , Kenya's debt , National Treasury , World Bank Group

Centum sets aside Ksh.2.1 billion in anticipated losses from Amu Power

By Kepha Muiruri,

Centum Investment has set aside Ksh.2.1 billion as provision for the eventuality of a loss from its funding of the distressed Amu Power Company. Th...

Amu Power Company , centum , James Mworia , Lamu coal power project

Treasury seeks to fix Kenya’s debt problem with new borrowing cap

By Kepha Muiruri,

The National Treasury has set out on placing an absolute figure on Kenya’s debt accumulation with a view to better the transparency on public debt m...

National Treasury , Public debt , Ukur Yatani

‘Bad politics derailed impact of Auditor General,’ Edward Ouko says as he leaves office

By Chemutai Goin,

Outgoing Auditor General Edward Ouko on Tuesday intimated that his one regret is that his reports were not implemented fully in a bid to be more impac...

Auditor General Edward Ouko , Edward Ouko , Parliamentary Accounts Committee

Mortgage accounts poised to increase with KMRC launch

By Kepha Muiruri,

The Kenya Mortgage Refinancing Company (KMRC) launched on Wednesday by President Uhuru Kenyatta is expected to double the number of mortgage accounts ...

affordable housing , CBK , KMRC , National Treasury

Emgwen MP proposes cap to public debt at Ksh.6. trillion

By Kepha Muiruri,

Emgwen Member of Parliament Alexander Kosgey has made his submission of the proposed raise to the public debt threshold to an absolute Ksh.6 trillion ...

Alexander Kosgey , National Treasury , PFM Act , Public debt

Landing a formal job in East Africa now a luxury, report reveals

By Kepha Muiruri,

Getting a job placement in the formal sector in East Africa has grown to become an unattainable fete, this is according to the recently released regio...

AfDB , Kenya Association of Manufacturers , unemployment

Treasury seeks mortgage agency transaction advisor

By Citizen,

The formulation of the Kenya Mortgage Refinancing Company (KMRC) is nearing its tail end as government closes in on the final stages of the implementa...

African Development Bank , banks , financing , Henry Rotich , Kenya Mortgage Refinancing Company , liquidity , mortgage , private equity , World Bank

Government re-awards tender for Ksh.36.9 billion Thwake dam

By Wahome Gitonga,

The government on Wednesday signed a Ksh.36.9 billion contract for construction of Thwake Dam in Kitui and Makueni counties. Thwake Dam, a project ...

Former Irrigation principal Secretary Paul Nduati , Jubilee manifesto , President Uhuru Kenyatta , The Public Procurement Administrative Review Board (PPARB) , Thwake Dam , Vision 2030 flagship projects , Water Cabinet Secretary Eugene Wamalwa

African Development Bank calls off proposed loans to Nigeria

By VOA,

The African Development Bank has called off a loan to Nigeria that would have helped fund the country's budget, instead redirecting the money to speci...

African Development Bank rating , Nigeria , NIGERIA DEBTS , NIGERIAN ECONOMY , the President of the African Development Bank (AFDB)