Latest News As Soon As They Break…
President William Ruto has pledged a substantial investment of USD 100 million (Ksh.13.2 billion) over the next three years in Africa’s key multilateral financial institutions. This investment is aimed at increasing Kenya’s shareholding and demonstrating confidence in these institutions. The funds will be allocated to the Africa Development Bank, Afreximbank, and the Trade Development Bank….
The climbing season on Mount Everest has officially ended, with mountaineers leaving the world’s highest peak on Wednesday. This year’s season, which broke multiple records, also witnessed the loss of eight climbers, according to tourism officials and expedition organizers. More than 600 climbers and guides successfully reached the 8,849-meter (29,032-foot) summit, as confirmed by Rakesh…
Paris Saint-Germain (PSG) have withheld Kylian Mbappe’s wages for April and a substantial bonus, totaling around 80 million euros, amid a financial dispute, sources close to the negotiations told AFP on Wednesday. This decision is linked to an agreement from last year when Mbappe agreed to waive part of his bonus at the start of…
Each Member of Parliament will now receive an additional Ksh.30 million following a last-minute adjustment to the proposed 2024-2025 budget. This increment comes amidst public outcry over the Finance Bill 2024, which proposes further taxation burdens on citizens. The National Assembly Budget and Appropriations Committee, led by Ndindi Nyoro, has defended the increased allocation, stating…
President William Ruto has called for reforms of the global financial architecture to address destabilising debt and climate vulnerabilities in Africa. The President said there is need to address the current situation because countries in the continent are struggling with high financing interest rates, while also dealing with climate shocks and constrained government revenues. Consequently,…
The Kenya Revenue Authority (KRA) has justified its Wednesday raid at Mombasa Governor Abdulswamad Nassir’s Rahma Broadcasting Corporation. In a statement to newsrooms in the evening, the taxman asserted that the exercise was conducted in accordance with established procedures, including the issuance of demand notices to the company. According to KRA, the broadcaster neither complied…
Born in the Democratic Republic of Congo and raised in mountainous Rwanda, gospel sensation Israel Mbonyi has become a beloved figure in Kenya and the East Africa region at large. Rated among the most influential figures in the Rwandese gospel music scene, the 32-year-old songwriter and worship leader has garnered a fan base that extends…
The Ministry of Education has revised the Half-Term dates for Term Two to compensate for the learning period lost when schools were forced to remain closed due to the flooding crisis. Following the changes, communicated by Education Principal Secretary Dr. Belio Kipsang on Wednesday, learners in pre-primary, primary, and secondary schools will now break for…
Kapseret MP Oscar Sudi has slammed United Democratic Alliance (UDA) Secretary General Cleophas Malala shortly after the later disclosed that he had contacted certain party members about their strong political positions related to DP Rigathi Gachagua’s purported marginalization within the ruling party. In a statement, Oscar Sudi referred to Malala as an overhyped MCA, that…
Central Bank Governor,Dr. Kamau Thugge, has been honored as the African Central Bank Governor of the Year by the African Banker Magazine. The award was presented to Dr. Thugge at the African Banker Awards event held in Nairobi on Tuesday, May 28, 2024, during the Annual Meetings of the African Development Bank. The African Banker…