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!
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
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!
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
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
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 […]
Prime Minister Raila Odinga to LAUNCH Gor Mahia SACCO at Nyayo Stadium TODAY!
Prime Minister Raila Amolo Odinga is set to launch Gor Mahia Sacco! ODM Party leader and Gor Mahia Patron Prime Minister Rt Hon Raila Odinga will today in the afternoon launch the Gor Mahia Savings and Credit Cooperative (SACCO) at the Nyayo Stadium. The function will take place just before their Kenyan Premier League (KPL) […]
TOP SIX TWEETS on Nairobi Floods that PUTS BLAME on ELITE Nairobians and NOT Uhuru or Gov Kidero
Heavy rains which have pounded parts of Nairobi has exposed the city’s ill-preparedness to deal with devastating floods. It has also exposed the corruption by the so called Nairobi elites and politicians, many who have grabbed wetlands, sewer lines and other drainage lands for residential and commercial purposes. There has also been increase in pollution […]
Rita Oyier: FIVE IMPORTANT Business lessons from Mayweather Vs Pacquiao fight
Business Lessons from ‪#‎Maypac‬ By Rita Oyier via Facebook 1. PR is not the business. The main business remains the goal of your business. 2. Have a clear deliverable and reward in this case punches to the head and money. Respect both 3. Controlled aggression and managed passion is paramount. Hit few but hit hard […]
SHOCKING: Uhuru to pay Goldenberg SCANDAL Mastermind Mr Pattni sh11 billion in AIRPORT raw deal
President Uhuru’s government is embroiled in a business tussle with businessman Kamlesh Pattni which may lead to the government paying the Goldenberg architect over sh 11 billion. People Daily reports: A negotiation blunder by the government could see controversial businessman Kamlesh Pattni paid a compensation award in excess of Sh11 billion for the loss of […]
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