Laikipia County plans to issue a Ksh.1.4 billion bond in the near future to fund capital-intensive development projects in the County. The County’s Governor Ndiritu Muriithi said the County is also seeking to use leasing as a means of financing the acquisition of medical equipment. This even
While the coronavirus pandemic has been characterized by global economic contraction, reduced labor hours, pay cuts, and unemployment - the narrative is shifting in other countries with the International Labour organizations (ILO) saying the pandemic has had a positive impact on average wage earners in
Kenya Union of Clinical officers (KUCO) has suspended its 70-day strike due to a court order that was issued on Tuesday. The union’s chair Peterson Wachira Wachira said the clinical officers will obey the court order issued by Justice Maureen Onyango even though their demands are yet to
Debt in Emerging Markets and Developing Economies (EMDE) debt rose by 8.7 percentage points in 2020, according to the International Monetary Fund (IMF). Global debt surged to a record 258 trillion dollars in the first quarter of 2020 as economies around the world shut down to contain the coronavirus pandemic. Emerging-market countries
Tesla CEO Elon Musk has yet again slipped to the number two spot on Bloomberg's list of the world’s richest person. Musk's net worth reduced by a whopping Ksh.1.6 trillion ($15.2 billion) in a single day after Tesla shares slid 8.6 percent on Monday. https://twitter.com/elonmusk/status/1363007438455074825 This has
The Kenyan government is defending the proposed economic partnership agreement between Kenya and the United Kingdom where it is expected to open 82.6 percent value of trade to the region over a 25 year period. In a memorandum to parliament, the Ministry of Industrialization, Trade and Enterprise Development
It is all systems go for the Kenyan Constitution (Amendment) Bill, 2020 which is now headed to the National Assembly and the Senate for a final vote. In a campaign dubbed “Super Tuesday” saw Kirinyaga County become the 25th County to pass the Bill on Tuesday, thus attaining the required
A parliamentary caucus has proposed a raft of radical reforms to inject realism and fiscal discipline in the budgeting process while ensuring that the national debt remains at sustainable levels. The need to enhance the independence of the national debt office and the strengthening of budget
By Vincent Odhiambo | Drivers and owners of vehicles used by digital taxi-hailing app companies have opposed the imposition of digital tax on their earnings. Drivers and vehicle owners want the government to regulate the digital applications under the Kenyan laws and impose the digital service
The national carrier Kenya Airways (KQ)’ freight division cargo has announced the resumption of its cargo services to New Delhi. The first cargo flight to resume from new the country landed at Jomo Kenyatta International Airport (JKIA), on Sunday, carrying pharmaceuticals, machinery and general merchandise. It is a move
