Saturday, March 31, 2018


Huge debt robbing us sovereignty

 By Mbatau wa Ngai |

Transport Cabinet Secretary James Macharia needs to fast-track the financing model for the construction of the Sh300 billion Mombasa-Nairobi Expressway.
Hopefully, logic will dictate that the State chooses the public-private partnership (PPPs) model as

Inflation falls to 7-year low at 4.18 per cent

By Lee Mwiti

The inflation rate hit the lowest level in seven years to settle at 4.18 per cent in March, down from 4.46 in February.

Russia, in spy rift riposte, expels 59 diplomats from 23 countries

By Reuters

Russia expelled 59 diplomats from 23 countries on Friday and said it reserved the right to take action against four other nations in a worsening standoff with the West over the poisoning of a former Russian spy and his daughter in Britain.
Russia said it was responding to what it called the baseless demands for scores of its own diplomats to leave a slew of mostly Western countries that have joined London and Washington in censuring

Hard questions on Uhuru’s Big Four as industry players speak

Critics of the Sh98 billion plan claim this might not take place given the cost of production
President Uhuru  By Jacob Ngetich
Kenyatta President Uhuru Kenyatta has put up a spirited effort to implement the ‘Big Four’ agenda to shape his legacy, as questions emerge as to whether it is attainable. The Jubilee administration hopes to come up with legislation and strategies to finance the five-year plan aimed at turning around the country’s economy through manufacturing, affordable housing, healthcare and food security.

Equity bank locks out 700,000 loan accounts in the year of rate caps

Equity Bank CEO James Mwangi takes Ms Sally Chepkorir, a shareholder, through the financial results for the year ended December 2017. [Wilberforce Okwiri, Standard]By Patrick Alushula In summary
Micro-SMEs and agriculture suffered most with non-performing loans (NPLs) ratio at 15.4 per cent and 8.9 per cent respectively Total number of customers that held loans declined from 1.2 million to 680,000 borrowers Equity Bank CEO James Mwangi has disclosed that he made a decision to be

Shareholders of collapsed Imperial Bank sue CBK boss

Central Bank of Kenya Governor Patrick Njoroge. By Faith Karanja 

In summary:
CBK Governor Patric Njoroge has been sued in personal capacity Shareholders of a collapsed bank have sued the Central Bank of Kenya Governor over alleged mismanagement of its receivership.
The Imperial Bank owners Thursday filed the suit against Patrick Njoroge, his deputy Sheila Mbijiwe and Kenya Deposit Insurance Corporation chief Mohamud Mohammed in their personal capacity.

Kenya Re hints at buying into other re-insurers as competition hots up

Kenya Reinsurance Corporation Chairman, Mr. David Kemei (L) conversing with Kenya Reinsurance Corporation Ag. Managing Director Mr. Michael Mbeshi (R) during the Kenya Re investor briefing held at Hilton Hotel on 29th March 2018.  By Patrick Alushula

In summary The firm says it wants to leverage on new opportunities presented by expansion into the region It posted 8.8 per cent growth in net profit to Sh3.58 billion Kenya Reinsurance Corporation is considering buying stakes in national re-insurance companies in order to bolster its market share.

Blogs & Opinion


Raila Odinga allies want unity deal cancelled

Miguna Miguna'
Miguna Miguna's lawyer James Orengo argues out his detention case at the Milimani Law Courts on March 29, 2018. PHOTO | EVANS HABIL | NATION MEDIA GROUP 
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A section of opposition leader Raila Odinga’s close allies are pushing for an end to the new-found cooperation between him and President Uhuru Kenyatta.

Will Raila deal with Uhuru survive fresh onslaught?

Raila Odinga
From left: ODM leader Raila Odinga, ODM Secretary-General Edwin Sifuna and lawyer James Orengo at Milimani Law Courts on March 29, 2018 during the sentencing of top security chiefs for disregarding court orders. PHOTO | EVANS HABIL | NATION MEDIA GROUP 
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The deportation of fiery lawyer Miguna Miguna to Dubai on Wednesday night has put to a stern test opposition leader Raila Odinga’s political future only three weeks after he and President Uhuru

Martin Luther King Jr: the dream, the man, the legacy

Martin Luther King jnr

Martin Luther King jnr. PHOTO | AFP  
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Towards the end of his life, Martin Luther King Jr. lamented that his dream had "turned into a nightmare."

Heineken launches new beer in Kenya

Heineken Country Manager Kenya Michael Mbungu (right) with brand ambassadors during the launch of Heineken draught beer in Kenya. PHOTO |COURTESY Heineken Country Manager Kenya Michael Mbungu (right) with brand ambassadors during the launch of Heineken draught beer in Kenya. PHOTO |COURTESY 

Botswana's Khama steps down as president after a decade at helm

Botswana's President Seretse Ian Khama greets supporters in his home village Serowe.
Outgoing Botswana's President Seretse Ian Khama greets supporters after a rally in his home village Serowe on March 27, 2018. AFP PHOTO | MONIRUL BHUIYAN 
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Ian Khama, a retired army general, stepped down as president of Botswana on Saturday, handing the diamond-rich country to his deputy after a decade at the helm.

Women can play vital role in industrial agenda

By DAILY NEWS Reporter
WOMEN in Tanzania can play a fundamental role in pushing and realizing the industrial economy, the Tanzania Gender Networking Programme (TGNP) has said. TGNP Executive Director Ms Lilian Liundi said in Dar es Salaam yesterday that women plays central role in the family and society and thus their active participation in the industrial agenda could have a multiplying effect in building strong economy.

Revenue authorities commit on improving media engagement

From HENRY LYIMO in Johannesburg
MEDIA personnel and communication officers of revenue authorities in Africa have committed themselves to forge close working relations in promoting domestic revenue collection drive to boost social and economic development.

Firm automates local varsities with digital equipment

THE automation engineering company ‘Siemens’ has announced the handling of digital equipment specifically related to industrial automation that enables integrated engineering to 13 engineering faculties at universities in Ghana, Tanzania, Kenya and South Africa.

ATCL revival pace on track. . . Another Bombardier Q400 on its way to Dar, 3 others arriving soon

By DAILY NEWS Reporters
A NEW commercial aircraft that was expected to be delivered to the national carrier - Air Tanzania Company Limited (ATCL) in July, last year, will now arrive in the country anytime this week, it has been confirmed.

Ngara accident cuts 7 refugees’ dream of returning home

From MEDDY MULISA in Bukoba
A TOTAL of eight people, including seven refugees, lost their lives in a grisly road accident in Ngara District, Kagera Region when a convoy of buses was ferrying refugees to the border between Tanzania and Burundi.

Dar police allay breach of security fears

THE Police Force has allayed fears over security concerns in the country urging citizens, tourists and the diplomatic community with travelling and other Easter celebrations plans to continue as they can be rest assured of their safety.

Elect leaders who uphold peace - cleric

AS Christians in Tanzania joined their brethren in the world to mark Good Friday, they have been urged to make sure they continue voting for leaders who uphold peace and justice during their tenure.