Why these economists want broke governments to just print money

Central Bank of Kenya Governor Patrick Njoroge displays new notes on June 3, 2019.

Sila Kiplagat | Nation Media Group

By  Tony Mwite

What you need to know:

• Modern Monetary Theory suggests that Governments reliance on taxes for revenue is rather limiting leaving the Government with only debt options.
• In such a model taxes then start becoming a tool to regulate against inflation rather than one that is primarily the source of Governments revenue.

Milk prices go up amid supply fall

Consumers will start paying more for milk starting this week following a decision by New KCC to adjust upwards the price of some of their products.

File | Nation Media Group

By  Gerald Andae

Business Reporter

Nation Media Group

What you need to know:

• In the latest review, a half-litre packet of milk will now cost Sh46 from Sh43 previously.
• This marks the first major rise in cost since 2018 and sets stage for other processors to follow suit.
• The shortage has seen milk deliveries to processors drop by 40 per cent.

This is how to bribe a politician

Former South African president Jacob Zuma during hearing over 16 corruption charges. He allegedly accepted monthly bribes from a security firm.

File | AFP

By  Charles Onyango-Obbo

Ugandan journalist, writer and curator of the Wall of Great Africans

What you need to know:

• We learn that, in South Africa, expensive birthday gifts are popular bribes for politicians.
• A house for a politician in a faraway place, like Dubai, also does the trick in South Africa.
• There are other very East African things that have not yet emerged at the Zondo Commission.
• No testimony has emerged yet of politicians getting plots of land.

Madaraka Express resumes full service

Madaraka Express train attendants wait for passengers on August 8, 2020.

Pool

By  Hilary Kimuyu

What you need to know:

• The firm released a new schedule for the trains that shuttle between the two counties.
• Afristar will now have trains leaving Nairobi and Mombasa at the same time in the morning and two other trains leaving in the afternoon.

Uhuru lands in Paris, witnesses signing of three key deals

President Uhuru Kenyatta and French President Emmanuel Macron (left) when they met in Paris, France on September 30, 2020. 

Courtesy | PSCU

By  Allan Olingo

What you need to know:

• Mr Kenyatta arrived in Paris on Tuesday evening. 
• Among the agreements reached is a public private partnership (PPP) for the construction of the Nairobi-Nakuru-Mau Summit highway signed between KeNHA and Vinci Concessions.
• The highway is one of the largest PPP projects in Eastern Africa.

Tanzania: Import Bill for July Down

 

THE total import of goods and services decreased to 9,687.4 million US dollars in the year ending July from 10,185.8 million US dollars in the corresponding period a year earlier.

Tanzania: Zanzibar Current Account Deficit Narrows

 

THE Zanzibar current account deficit narrowed to 34.3 million US dollars in the year ending July from 58.4 million US dollars in the corresponding period last year, mainly on account of increase in exports and official transfers.