Banks keep away from debt auctions demanding higher interest
Kenya has even turned to printing money, to pay bondholders with the Central Bank of Kenya revealing they advanced the government Kes22.6 billion to meet bond interest payments.
A note to those carrying out abductions
Money is sweet and makes the world go gaga, everyone is looking for it, myself included. But being paid to abduct your fellow human beings to instil fear in them, or to silence them for good by making them disappear, just for
President Ruto hikes cost of all government services
The Move is in line with IMF and World Bank push to raise revenues over and above tax increases targeting service fees that had not been reviewed for years.
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.
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.
Absa finds sweet spot for savings and insurance for small businesses
The combination of savings with insurance is likely to draw small business deposits to Absa Bank putting the lender on a market lead to secure cheap savings at a time when deposits in the banking sector are very expensive.
Moodys downgrades Kenya on losing tax powers
Moodys said, in the context of heightened social tensions, they do not expect the government to be able to introduce significant revenue-raising measures in the foreseeable future.
President Ruto balances Gen Z, IMF in olive branch
Despite the offer Gen Z protesters turned up in huge numbers for the Saba Saba rally, marking the historical day of protests with calls for President Rutos’ resignation
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.
The power of Uji Pawa brand
What started off as adding a few extra ingredients like sim-sim and groundnuts to spice up porridge, evolved into claims of virility and extra health benefits