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The Kenya Kwanza government is on a borrowing spree domestically to avoid the modest foreign debt due to the weakening Kenyan shilling which is now leading to an upward creep in interest rates dampening the economic growth projection of 5.5 per cent in 2023. The Parliamentary Budget Office report has warned that the private sector will suffer a major blow as a result of the escalating public debt vulnerabilities urging members of parliament to keep an eye on the approved medium-term debt management strategy for 2023 which recommends a borrowing mix of 50:50 domestic to external borrowing. It has also been projected that the total expenditure for President William Ruto-led government will burst the maiden budget to stand at 3.74 trillion Kenya shillings.
There is a proposal to seek external commercial financing of Ksh 270 billion in this financial year
- 3 May 2024 - Controversial preacher Paul Mackenzie and 38 of his co-accused in the Shakahola massacre are set to be charged afresh in the ongoing children cruelty and torture case after the prosecution unearthed new evidence.
- 3 May 2024 - General Charles Kahariri Muriu has been sworn in as the new Chief of Defence Forces (CDF).
- 3 May 2024 - The government has set up a total of 115 camps to shelter families that have been displaced by floods occasioned by the ongoing heavy rains across the country.
- 3 May 2024 - While Kenya will not face the full wrath of the cyclone, major towns and cities in the coastal region will face the impact of Cylone Hidaya.
- 3 May 2024 - In a statement on Friday, the Ministry of Interior said the government will prioritize the reconstruction of schools, water treatment systems, road repairs, and improvements to the accessibility of social and economic facilities in the regions.
- 3 May 2024 - Interior Cabinet Secretary Kithure Kindiki has issued a directive for the voluntary vacation or mandatory evacuation of all individuals residing in the vicinity of 178 dams and water reservoirs across 33 counties.
- 3 May 2024 - The ministry of health is finalizing the development of a guide that seeks to provide parents and caregivers with comprehensive and accurate information on adolescent sexual and reproductive health in the face of emerging threats facing the age group.…
- 3 May 2024 - MPs raised concerns about the proposal requiring individuals with additional spouses to pay additional premiums.
- 3 May 2024 - Reading Time: 3 minutes The government has set up a total of 115 camps for internally displaced persons (IDPs) following a flood crisis that […]
- 3 May 2024 - NAIROBI, Kenya May 3 – Marsabit County Representative Naomi Waqo has been elected as the chairperson of the Select Committee probing the proposed dismissal from office of Agriculture Cabinet Secretary Mithika Linturi. The Commitee was formed on May 3,…