Kenya’s finance minister downplays US foreign funding freeze, says economic outlook is positive
Principal Secretary of State Department for National Treasury, Dr Chris Kiptoo, reiterated that the diversified economy and resilience have enabled the GDP to remain one of the highest in the world because the world growth rate is around three percent with sub-Saharan Africa representing 3.7 per cent and our GDP is around 5 per cent.
Kenya turns attention to neglected arid and semi-arid lands to expand agricultural potential
Cabinet Secretary for East African Community, ASALs and Regional Development Beatrice Moe said her ministry has achieved its vision of ‘sustainable ASALs and integrated basin-based development for improved livelihoods’ by focusing on key priority areas, including coordination of ASALs and basin-based development, climate change mitigation, resilience building, accelerating socio-economic and infrastructure development, peacebuilding and socio-cultural integration, scaling up relief and humanitarian responses to save lives, knowledge management, and institutional capacity development.
Why South Sudan’s ‘central bank in exile’ in Kenya elicits interest for fraud as world’s youngest nation burns
While President William Ruto may have inherited some of the dealings from his predecessor, Uhuru Kenyatta, Tell found a link to the current regime to a foundation associated with the first family – the Eldoret-based Samoei Ruto Foundation, senior official (name withheld) reportedly who “now is a “secretary” supporting presidential advisers.” The extent of the Samoei Ruto Foundation’s chief executive’s involvement is not clear given her designation’s nebulousness.
Forensic probe unearths mind-boggling financial fraud in Kenya’s umbrella Sacco union
However, despite the damning findings, the CS said KUSCCO remains operational, albeit under significant restructuring.
Trump ‘golden age’ divides Republicans as they look for unity on taxes despite having majority in Senate, House of Representatives
Several House Republicans said their conference is considering a partisan continuing resolution or CR, that would keep funding flat for the remainder of fiscal 2025, which ends September 30, while they look to other legislation including fiscal 2026 appropriations to cut spending and eliminate Biden-era policies
Kenya’s Turkana County that’s synonymous with war, cattle rustling and hunger lays ground to revive tanning industry
Tannery revitalisation will focus on identifying gaps in the sector, working out a memorandum of understanding (MoU) between the county government and the County Livestock Marketing Council (CLMC) and fostering collaboration among government agencies, industry stakeholders and the community and addressing land challenges to drive the full operationalisation of the tannery.
ABSA Bank club members fly off to Estonia and Finland for 10-day fintech trip
Ambassador Humal-Ayal said Kenya should not be worried about digital colonialism (neo-colonialism) since the governments of Kenya and Estonia are committed to strengthening capacity-building relationships between private sectors of the two countries.
Neo-slavery: Steeped in corruption, unable to create new jobs for African countries are sending skilled labour abroad to boost their economies
Sending workers abroad has been at the core of development strategies of Asian countries like the Philippines and Bangladesh for decades. But the approach has not been widely embraced in sub-Saharan Africa, where countries like Kenya have been accused by frustrated citizens of shirking their responsibility to create jobs at home.
Previously ‘orphaned’ by scientists as ‘primitive’ sorghum is rebounding in western Kenya as a cash crop
Prof Hai Chun Jing from the Institute of Botany, Chinese Academy of Sciences, who is leading the Chinese partnership in technology development and transfer, put emphasis on the importance of selecting and breeding high-yielding, drought-resistant varieties that can thrive in the diverse agro-ecological zones of Africa.
South African currency holds firm stable as Trump promises more tariffs on minerals
South Africa’s benchmark 2030 government bond was weaker, with the yield up 3.5 basis points to 9.1 per cent. On the stock market, the Top-40 index closed up about 0.4 per cent.
