Business magnate Chris Kirubi now says KLM shareholding should be bought off by other investors (meaning local investors or is it Mt Kenya investors?) to pave way for something East African,… whatever that means Kirubi did not explain why KLM a Dutch brand that is owned by the French -Air France should be bought by […]
SHOCK: Kenya Airways in a MASSIVE LOSS of Sh29.7billion, FORCED to borrow sh20b to SURVIVE
National carrier Kenya Airways has recorded a pre-tax loss of Sh29.7 billion for the 2014-2015 financial year against Sh4.8 billion during the 2013-2014 financial year. While reporting the findings Thursday morning, KQ’s CEO Mbuvi Ngunze attributed the loss to increased overhead costs which he said stand at Sh25 billion. Ngunze added that the fuel costs […]
WHY Popular Moi University students pub ‘FRACAS’ was shut down permanently
By Third Eye The crackdown on second generation beer has just been completed in Talai shopping Center, Moi University, that has seen all entertainment joints in the centre shutdown on grounds they are located 500 metres from a learning institution. The operation led by the Uasin Gishu county government and the NACADA officials ambushed numerous […]
Auditor General CONFIRMS Ann WAIGURU’s ministry LOST kshs.8 Billion via alleged ”CORRUPTION” network deals
By BusinessDaily The Devolution and Planning ministry is in the eye of a new storm after the auditor-general submitted a report to Parliament showing it had acquired non-financial assets worth Sh8 billion without supporting documents indicating when payments were made, amounts involved and the purpose of the procurements. Edward Ouko, the auditor- general, has also […]
AMAZING FACTS: INSIDE Obama’s Presidential LIMOUSINE- the BEAST, to arrive at JKIA ahead of the ENTOURAGE
Designed from the ground up by the Secret Service, President Barack Obama’s $1.5 million “Cadillac One,” aka “The Beast,” is a moving fortress impenetrable by bullets and bombs. The president has 12 identical limos in rotation and, when not in use, they’re parked in the basement of the Secret Service’s headquarters and are under 24-hour […]
HOW CS Waiguru’s acclaimed IFMIS system was used to STEAL billions in Malawi
The scandal at Devolution Ministry over IFMIS is big. It is now safe to say billions of Kenya’s taxpayer money has been ripped off through the system. In Malawi, billions of Kwacha were stolen using the country’s IFMIS system which officials then erased from the software making auditing of the system impossible. In Kenya, with […]
HOW Waiguru attempted to use CID police to COVER UP NYS multi-million CORRUPTION scandal
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
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
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 […]
Kenyan Varsity with bad name – INOORERO – to be closed forever
The Commission for University Education (CUE) has granted bankrupt Inoorero University owners a two-year period to enable its continuing students to finish their programmes. The regulator said the decision was arrived at in the interest of the students who had expressed concern over their predicament if the institution was closed down before they complete their […]
VIDEO: Uhuru’s EMBARRASSING response to BRITAIN on Travel Advisories
Barely 24 hours before the Garissa terror attack the British government had issued travel advisory to her citizens to avoid parts of the Kenyan coast and North Eastern areas. It was also rumoured the intelligence was shared …Of interest was the reaction of H.E President Kenyatta. Here is the president’s response to British government. This […]
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