Otiato Guguyu

Selling an economy for trinkets Part III

A disaster unfolding in Kenya where the government is shooting at teenagers, pushed to the streets to resist attempts by the IMF to extract rent for bondholders at the expense of healthcare, education and basic cost of food.

July 25, 2024

Long Read

Selling an economy for trinkets Part II

Before 2008, only South Africa and Seychelles had issued Eurobonds but over the next decade, 21 sub-Saharan African countries including Kenya had had more than one-dollar loan

July 24, 2024

Long Read

Selling an economy for trinkets Part I

The IMF in a bid to direct money printed in Western capitals to Africa to compensate for the zero interest rates created a debt bubble which now threatens to destroy East Africa’s largest economy.

July 23, 2024

Economy & Politics

Treasury, CBK agree on reducing number of Kenyan banks

The consensus to force bank mergers also comes at a time Kenyan bank, especially small ones are facing vulnerabilities from higher interest rates for longer with a record number of lenders tapping into the regulators emergency liquidity.

June 14, 2024

Economy & Politics

Kenya commits to IGAD plan to end use of poison against locusts

Banned in Europe for its toxic effects, Chlorpyrifos, fenitrothion, and malathion—are broad-spectrum organophosphates, widely used pesticides sometimes referred to as “junior-strength nerve agents” because of their kinship to Sarin gas.

June 6, 2024

Finance & Markets

Africa should build its own financial architecture from ground up

In a generation an educated youthful population who number two for every child and pensioner delivers an economic boom since more people are economically active than dependents, and this builds up enough savings to reduce the cost of credit.

June 5, 2024

Entertainment·Events & Travel

Kisumu reveals the best poets in East Africa

Even if the regional title is gone, it seems, the Kenyan title is contested.

May 28, 2024

Long Read

Dead heroes, a celebration by people ageing with a forgotten pandemic

A memory, sometimes two, per candle light as the National Empowerment of People Living with HIV in Kenya- NEPHAK met last week to remember their heroes, their spouses, their children, parents and friends lost to the worlds forgotten pandemic; AIDS.

May 25, 2024

Finance & Markets

Depositors shrink Equity Bank’s Q1 margins by a quarter

Equity Bank's interest expenses on customer deposits almost doubled from Kes5 billion to Kes9.5 billion signaling the challenge facing lenders as depositors become more aware of the value of their money.

May 13, 2024

Fiction

The vinyl thief

The vinyl had been replaced by the tape, the tape by the CD, by the flashdisk, memory stick, now everything's in the cloud. What chance did they have against virtual storage, but some few eccentrics and lost souls.

May 7, 2024

Otiato Guguyu

Selling an economy for trinkets Part III

Selling an economy for trinkets Part II

Selling an economy for trinkets Part I

Treasury, CBK agree on reducing number of Kenyan banks

Kenya commits to IGAD plan to end use of poison against locusts

Africa should build its own financial architecture from ground up

Kisumu reveals the best poets in East Africa

Dead heroes, a celebration by people ageing with a forgotten pandemic

Depositors shrink Equity Bank’s Q1 margins by a quarter

The vinyl thief

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