Children will have to stay at home longer after President William Ruto directed the Ministry of Education to postpone school reopening for the second term until further notice due to the ongoing flood situation, marking the second delay. The schools were set to reopen on Monday this week before this was postponed to March 6. President Ruto: Reopening of schools postponed until further notice...
Former Nairobi Securities Exchange (NSE) chief executive officer Geoffrey Odundo has joined financial services provider CPF Group in an advisory role. The firm provides a retirement benefits scheme, trust fund, and administration services. “Mr Odundo, an esteemed leader in the African financial markets, will play a pivotal role in CPF’s strategic expansion into new markets across the Pan-African...
The floods in the Maasai Mara Game Reserve have caused immense destruction of tourist facilities and the death of many wild animals. The impact of the flash floods on the reserve’s ecosystem could be significant, affecting the animals through drowning as well as disrupting habitats, food sources and water availability. Narok County Natural Resources Network chairperson Nicholas Ole Murero said giraffes...
By Sam Kiplagat Court Reporter Nation Media Group The High Court has allowed the KCB Bank-appointed receiver manager Kamal Anantroy Bhatt to take over the running of Pinewood Beach Resort and Spa in Kwale after lifting an order obtained by the establishment last November. In a ruling on April 25, Justice Peter Mulwa struck out the application filed by ITCO Investments Ltd (the owner of...
By Peter Mburu Business Reporter Nation Media Group The Treasury is procuring an independent advisory firm to screen private parties keen on Public-Private Partnership (PPP) projects, as public entities are adamant about rolling with the new framework for projects. This comes even as the government continues to roll out more PPP projects, with 37 such projects valued at Sh1.6 trillion...
Interest payments on public debts will cost taxpayers Sh5 trillion over the next five years, new data by the Treasury shows. In the Budget Summary for 2024/25, the Treasury projects that the government will spend an equivalent of Sh2.8 billion a day on interest payments during fiscal years 2023/24 to 2027/28, underlining the burden of public debt. Interest payments on public debt are a mandatory charge on...
The Treasury has allocated Sh5 billion to the Financial Inclusion Fund, popularly known as the Hustler Fund, in the financial year 2024/25. The fund, which is managed by the Cooperatives department, will go to providing cheap mobile phone loans to millions of Kenyans. A similar amount was allocated to the Fund in the dying financial year. The Treasury had allocated Sh10 billion in the original 2023/24...
By Bill Odidi Lifestyle Reporter Nation Media Group The song starts with a sample of Congolese rumba queen Mbilia Bel’s Nakei. Nairobi which segues into a contemporary urban groove as the distinct rumba guitar riff drives the rhythm of a French rap song. Two artists who developed their musical skills while resident in Nairobi, have recorded a song reflecting on the influences of the...
Prime Friday, May 03, 2024 - 5 min read Fighter jets fly past guests during the 11the anniversary of the Kenya Defense Forces Day at Laikipia Air Base in Nanyuki on October 14, 2022. Photo credit: File Photo | Nation Media Group By Peter Mburu Business Reporter Nation Media Group Kenya is acquiring a high-tech missile defence system from Israel using a Sh1 billion loan from...
What does it say about me that when I walk into Maria Goretti Nkumba’s office, and the more than 10 versions of pink visually assault me, I spend 15 minutes interrogating her on her colour palette? Growing up in modern Kenya reminds you that beautiful people get away with practically anything: it is an aesthetic-tocracy. That would be, of course, one way to look at it. The other is that she’s a...