HOW Waiguru attempted to use CID police to COVER UP NYS multi-million CORRUPTION scandal

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Fresh details have emerged on how the Devolution ministry attempted to arm-twist Treasury officials to alter details of the controversial Sh826 million National Youth Service (NYS) payments in the electronic platform known as the Integrated Financial Management Information Systems (IFMIS). Documents also show that Treasury Principal Secretary Kamau Thugge had, in a letter dated May […]

BUSTED: Uhuru’s CS Anne Waiguru LINKED to NYS mutli-million alleged CORRUPTION SCANDAL

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Waiguru brought in officer to handle procurement THE Central Bank has written to the Ministry of Devolution about questionable payments of hundreds of millions shillings to private companies through the National Youth Service. The CBK letter comes amid claims that Devolution and Planning CS Anne Waiguru has fallen out with NYS Director General Nelson Githinji. […]

BUDGET ANALYSIS: Some 34 ITEMS included in 2015/16 Budget that AFFECTS YOU

Henry-Rotich

The 2015/16 budget was read yesterday. Here are highligts from the speech. Sh287bn for County Governments, with Sh259bn of that as shareable revenue. Another Sh23.7bn set aside as conditional allocations. Despite tourism sector contraction, economy grew 5.3% in 2014/15 and should accelerate to 6.5-7% is 2015/16, the CS says, maintaining that pace over the medium […]

IMF warns Uhuru over LUXURY SPENDING, World Bank says standard gauge railway makes NO ECONOMIC sense!

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According to a report appearing on Business Daily, the International Monetary Fund (IMF) has told Kenyan authorities to stop wasteful spending, noting that the State had already breached fiscal deficit targets. In a mission to Kenya between May 20 and June 2, the IMF said that Kenya should also increase revenue in order to meet priority […]

Here are MORE QUALIFIED Kenyans who missed Central Bank Governor job

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President Uhuru Kenyatta has nominated Dr. Patrick Patrick Ngugi Njoroge as the next central bank governor ending months of speculation and intrigues in one of the most coveted public jobs in Kenya. Also appointed are Dr Haron Sirma (acting governor) and Sheila Mbijjiwe as his Deputies. Ms Mbijjiwe sat on the Monetary Policy Committee of […]

Uhuru ‘APPOINTS’ P Njoroge Central Bank of Kenya Governor to replace Njuguna Ndungu!

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President Uhuru Kenyatta nominated Dr. Patrick Ngugi Njoroge as the next Governor of the Central Bank of Kenya. Dr Njoroge was among five short-listed candidates interviewed by the Public Service Commission (PSC) of Kenya for the position. Uhuru said he has forwarded Dr Njoroge’s name to Parliament for vetting. If successful, he will replace Prof […]

SHOCKING: Uhuru Medical Equiptments to Counties to DEFRAUD taxpayers Kshs 28b in seven years

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WHY GOVERNORS ARE AGAINST UHURU MEDICAL EQUIPMENTS DEAL Governors are up in arms against the directive by President Uhuru Kenyatta to sign the multi-billion shilling medical equipments deal worth 38 billion shillings. According to Governors the deal will cost each County Ksh 800 million to lease the medical equipments for 7 years from multi-national companies […]

Banking Africa’s Unbanked – Time For A Reality Check

Adasa John receives a phone call in her field in Rudewa Mbuyuni location near Morogoro, Tanzania on May 27, 2014.

By Vahid Monadjem Plenty of progress has been made on increasing the size of Africa’s banked population. The trouble is, from the amount of noise that is made about the topic, you would be forgiven for thinking we had fixed the problem when we really haven’t. According to the World Bank, today, 62 per cent […]