Kenya asks IMF to review corruption issues after Western push, sources say
The countries themselves must request the IMF’s so-called “governance diagnostic”, which investigates whether corruption and governance vulnerabilities are draining revenue or creating other problems in state finances.
Kenyan private sector conditions weaken in September after showing recovery in August
Business expectations for the coming year remained subdued, with only 4 per cent of survey respondents expecting an upturn.
Wary of sluggish economic turnaround after bloody anti-tax protests, lenders prescribe IMF review of Kenya’s recovery plan
Kenyan authorities are looking for fresh revenue-raising measures after rescinding the tax increases.
Finance Minister John Mbadi said in August that the government would have to restore some measures from the scrapped bill. However, last month Mbadi said he would seek public opinion on new legislation to boost revenue.
Kenya MPs prepare to deputy president in move seen as having President Ruto’s blessings
On Sunday, Mr Rigathi Gachagua told reporters that any impeachment motion would require Ruto’s assent. “Without the president’s go-ahead, the motion cannot reach parliament. If it reaches parliament, it is the president who has authorised it.”
Kenya will send more police officers to Haiti, president says
Kenya earlier pledged to lead the multinational force with 1,000 police officers.
Memorial service held for 21 pupils who died in Kenyan school fire, cause of blaze still unknown
Kenya has a sad history of school fires. There were more than 60 cases of arson in public secondary schools in 2018, according to most recent data in a parliamentary report. It is not yet known what caused the fire at Hillside Endarasha Academy, but researchers say many similar fires have been started by students protesting harsh discipline and poor conditions.
New Amnesty report details how Kenyan police in plainclothes fired at Nairobi unarmed protesters
More than 50 people were killed in months-long protests over a controversial finance bill, creating President William Ruto’s biggest crisis since taking office in 2022. Ruto abandoned the legislation in June and sacked almost his entire cabinet.
Kenya is on the verge of sealing $1.5 billion loan from UAE to bridge financing gap
Nairobi has had to pay a high price for the financial support it has received. In February Kenya issued a $1.5 billion Eurobond to help it manage maturities, but it paid a steep 10.375 per cent yield for the seven-year bond.
Kenya’s largest telecoms operator raises $117 million with local sustainability-linked loan
The four participating banks in the transaction are KCB, ABSA, Standard Chartered Kenya and Stanbic, Safaricom said, adding that Standard Chartered acted as the lead arranger and bookrunner.
Facebook loses jurisdiction appeal in Kenyan court that grants moderators the greenlight to argue their case
Some of the petitioners argue that their jobs required them to watch horrific content for eight hours a day that overwhelmed many of them while being paid 60,000 Kenyan shillings or $414 a month. They accused Sama of doing little to ensure post-traumatic professional counselling was offered.
