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Kenya is using Ksh.2.6 billion daily to pay debt, the same amount it borrows
By Kepha Muiruri, 1347, April 17, 2021 (EAT)
Kenya is now using Ksh.2.6 billion daily to pay off its outstanding debt according to a new analysis of government spending by Citizen Digital. Thi...

Kenya's debt distress , National Treasury , taxes
U.S. imposes wide array of sanctions on Russia for ‘malign’ actions
By Reuters, 2321, April 15, 2021 (EAT)
The United States on Thursday imposed a broad array of sanctions on Russia, including curbs to its sovereign debt market, to punish it for interfering...

President Joe Biden , President Vladimir Putin , sanctions , U.S Election
CMA goes after Imperial Bank directors in probe on botched bond offer
By Kepha Muiruri, 1757, April 15, 2021 (EAT)
The Capital Markets Authority (CMA) has initiated enforcement proceedings against former board members of Imperial Bank over their failure to oversigh...

Capital Markets Authority (CMA) , imperial bank limited
Man suspected of defiling his 6-year-old daughter arrested in Kisii
By Citizen Reporter, 856, April 12, 2021 (EAT)
A man who is suspected of defiling his 6-year-old daughter a week ago in Megogo village, Marani, Kisii County, was on Sunday afternoon arrested. ...

defiled , defilement
President Uhuru Kenyatta condoles with the El-Maawy family
By PSCU, 1229, April 11, 2021 (EAT)
President Uhuru Kenyatta has sent a message of condolence to the family, relatives and friends of Mama Shariffa El-Maawy who passed away Sunday mornin...

El Maawy
List of shame: Bungoma, Meru top in misuse of COVID-19 funds from WB
By Sam Ogina, 1203, April 11, 2021 (EAT)
The report on utilization of COVID-19 funds has red flagged Bungoma County for misappropriating over Ksh. 20million meant for fighting the pandemic. ...

bungoma , coronavirus
Kenya’s debt carrying capacity weakens: IMF report
By Kepha Muiruri, 1347, April 9, 2021 (EAT)
The International Monetary Fund (IMF) has trimmed Kenya’s ability to carry debt from strong to medium based on weakening growth, export metrics. ...

International Monetary Fund (IMF) , Kenya's debt distress , National Treasury
Uhuru calls for more trade and investment deals among OACPS countries
By PSCU, 904, April 9, 2021 (EAT)
President Uhuru Kenyatta has called for more trade and investment deals among member countries of the Organization of African, Caribbean and Pacific S...

OACPS , Trade
Kenya in talks for Ksh.82 billion World Bank loan
By Kepha Muiruri, 1401, April 8, 2021 (EAT)
The National Treasury is in talks for the disbursement of a fresh Ksh.82 billion ($750 million) from the World Bank before the end of June. The fac...

CS Ukur Yatani , National Treasury , World Bank
IMF says more vaccine spending is fastest way to shore up public finances
By Reuters, 1818, April 7, 2021 (EAT)
The COVID-19 pandemic will continue to swell global public debt in 2021, but spending more money to accelerate vaccinations is the fastest way to star...

COVID-19 , IMF , vaccine , World Bank
Kenya now in line to take up nearly Ksh.800 billion in Eurobonds
By Kepha Muiruri, 1826, April 7, 2021 (EAT)
Kenya is in line to take up nearly Ksh.800 billion in Eurobonds over the next 18 months as it marks its return to the international commercial debt ma...

Eurobond , external borrowing , International Monetary Fund (IMF) , National Treasury
IMF asks Kenya to limit support to struggling State corporations
By Kepha Muiruri, 1658, April 7, 2021 (EAT)
The International Monetary Fund (IMF) has asked the National Treasury to limit its support to struggling State owned enterprises (SOEs) as part of new...

International Monetary Fund (IMF) , National Treasury , State corporations.
Kenya’s debt will stand at Ksh.10.6 trillion in June 2025
By Kepha Muiruri, 1524, April 6, 2021 (EAT)
Kenya’s stock of debt will have shot up to Ksh.10.6 trillion by the close of June 2025 according to estimates by the National Treasury. This mean...

IMF , Kenya's debt , National Treasury
IMF board approves Ksh.255B loan, initial Ksh.33.5B to be issued in a few days
By Kepha Muiruri, 1031, April 3, 2021 (EAT)
The International Monetary Fund (IMF) has approved a 38-month program which will see Kenya receive a total of Ksh.255.1 billion ($2.34 billion) in loa...

Eurobond , International Monetary Fund (IMF) , Kenya's debt distress , World Bank
Haaland’s father meets Barca, Real chiefs
By Agencies, 1008, April 2, 2021 (EAT)
Erling Braut Haaland's agent Mino Raiola has met with Barcelona and Real Madrid about a move for the Borussia Dortmund striker, Spanish football exper...

Erling Haaland , FC Barcelona , Real Madrid , Transfers
Four top officers at Real People Kenya Limited fined over misuse of public funds
By Kepha Muiruri, 819, April 3, 2021 (EAT)
The Capital Markets Authority (CMA) has imposed fines on four executives of Real People Kenya Limited (RPKL) over the misappropriation of publicly rai...

Real People Kenya Limited
Uhuru assents to Supplementary Appropriation Bill, 2021, budget pushes up borrowing by Ksh.125.7B
By PSCU, 929, March 31, 2021 (EAT)
President Uhuru Kenyatta assented to the Supplementary Appropriation Bill, 2021 on Tuesday evening at State House, Nairobi. The Supplementary Appropr...

debt , Supplementary Appropriation Bill
Equity Group says it will weather new COVID-19 restrictions
By Reuters, 1151, March 30, 2021 (EAT)
Equity Group will withstand any potentially negative impact of new restrictions on movement imposed by the government to curb a new wave of COVID-19 i...

coronavirus , Equity
In 2020 the ultra-rich got richer. Now they’re bracing for the backlash
By Reuters, 2307, March 25, 2021 (EAT)
In 2020, as the world convulsed under COVID-19 and the global economy faced its worst recession since World War II, billionaires saw their riches reac...

coronavirus , COVID-19 , President Joe Biden
Supplementary budget pushes up borrowing by Ksh.125.7 billion
By Kepha Muiruri, 1523, March 19, 2021 (EAT)
The first 2020-21 supplementary budget estimates approved by the National Assembly will push up borrowing by a further Ksh.125.7 billion increasing Ke...

borrowing , Kenya's debt distress , National Treasury