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)

Kenya to benefit from Ksh 600B Japan, AfDB Africa energy deal

By Citizen Reporter,

The African Development Bank (AfDB) and the Government of Japan have entered an agreement which will see Japan extend up to USD 6 billion (Ksh 600 bil...

Tanzania’s president sacks head of power firm over tariff hike

By Reuters,

Tanzanian President John Magufuli sacked the head of the state-run electricity company on Sunday after the firm put up tariffs, a move the president s...

Tanzania raises power tariffs by 8.5 pct

By Reuters,

Tanzania's energy regulator has approved a power tariff hike of 8.53 percent by the state-run utility, less than half of what the utility said it need...

power tarrifs , Tanzania

KAPSOOT: Kenya should be fast in adopting renewable energy

By Citizen Team,

By Daniel Kapsoot Climate change is one of the greatest challenges facing humanity in the 21st century. In Kenya like many other African countries,...

Dr Kaberuka picked to chair Centum board

By Sophie Kinoti,

Former African Development Bank president Dr Donald Kaberuka, has been appointed as the new chairman of the Centum Investments board. He replaces J...

AfDB , Centum Board , Centum Investments , Dr Donald Kaberuka , James Muguiyu , James Mworia , Uganda attorney general , William Byaruhanga

Agriculture stakeholders urge Govt. to leverage on agriculture to spur economy

By Mac Otani,

Kenya and low income countries in Africa have been challenged to make use of agriculture, financial inclusion and innovation for a sustainable, transf...

AfDB , agriculture , Central Bank of Kenya , Economic Shocks , Kenya GDP expected to hit 5.9% , low income earners , PTA Bank , Sheila M'Mbijjiwe , spur economic growth

Ex AfDB president, UG attorney general join Centum board

By Sophia Jerotich,

Listed investment firm Centum has strengthened its board with the appointment of four new directors among them former African Development Bank Preside...

African Development Bank , centum , CMC Holdings , Donald Kaberuka , Githiaka Ngige , James Mworia , Uganda attorney general , William Byaruhanga

Agriculture key to wealth creation, African officials say -TICAD

By Citizen,

Transformation of agriculture sector in Africa through mechanization, increased funding and policy reforms will catalyze wealth creation in the contin...

agriculture , Dr Akinwumi Adesina , the President of the African Development Bank (AFDB) , TICAD , wealth

Ngong Road traffic to ease as expansion starts

By Beatrice Eghwa,

The county of Nairobi is losing Sh147.67 billion annually due to traffic gridlocks reflecting a major impediment to economic growth.         ...

congestion , JICA , Ngong road , Traffic

Be practical in powering Africa – President Uhuru

By PSCU,

Africa’s energy gaps will be bridged through practical solutions and not theories, says President Uhuru Kenyatta. The President cited Kenya’s a...

africa , Energy deficit , President Kenyatta roots for practical solutions to Africa’s energy deficit