Retired soccer legend was rushed to hospital after he collapsed Wednesday while watching a football match at Toyoyo, Nairobi. Medical personnel who rushed him to the hospital said he was not breathing well amid complaints of hunger. The legend famed for ‘Kadenge na mpira’ phrase had been ailing a few weeks but got better and […]
On October 13, 2015 a major bank in Kenya closed its doors without notice, due to the unnecessary instructions from the Deputy Governor of the Central Bank of Kenya (CBK) by placing the bank under receivership and put in the administration of Kenya Deposit Insurance Corporation (KDIC), claiming the bank was trading inappropriately. Imperial Bank […]
“The deadline to close the world’s largest refugee camp must be lifted,” said Jan Egeland, Secretary General of the Norwegian Refugee Council (NRC). A new report released today by NRC criticizes the returns process from Dadaab camp in Kenya to Somalia, as no longer being voluntary, safe or dignified. The report, titled Dadaab’s Broken Promise, […]
A report commissioned by The US’ Department of Labor on Kenya has revealed some disturbing statistics, the annual Findings on the Worst Forms of Child Labor focuses on the efforts of certain U.S. trade beneficiary countries and territories to eliminate the worst forms of child labor through legislation, enforcement mechanisms, policies and social programs. The […]
Public debt has been an issue of public discourse for centuries. The debate is not about to end anytime soon. With developing countries investing much more resources in public infrastructure, education and other social amenities, public debt is expected to become even a bigger point of discussion moving forward. Just before the March 4, 2013, […]
The frontier market of Kenya isn’t often on U.S. or European investors’ radar. It should be. It offers a timely reminder of financial markets’ complacency about the risk of populism; and the attractiveness of bashing banks to win votes. East Africa’s most advanced economy has introduced a law setting a cap on commercial lending rates and a […]
As the dust settles on the implementation of new laws on loans and deposits interest rates, the focus is now shifting towards areas that may not have been addressed explicitly or sufficient in the law, that has received praises from the mwananchi and sharp criticism from economists on its long-term effect on the economy, and […]
Refer to the whistle blower report we published previously regarding the scandals at the East African Development Bank and the call to request the Director General Vivienne Yeda to step aside after 7 years of oppressive leadership at the Bank. Following the whistle Blowers dossier received by board members early June, Senior managers met with […]
Cries that Kenya is being isolated in East African region is no longer news. Uganda, a close ally and business partner changed its mind and routed its oil pipeline via Tanzania; Rwanda gave up the standard gauge railway and chose the Tanzanian route too. After so many years as the regions giant economy Kenya is […]
A good number of people do not know Vivienne Apopo but amongst the banking fraternity, she’s one of the most powerful figures of the industry in the region. Vivienne Yeda Apopo is a Kenyan banker and business attorney. She is the current Director General of East African Development Bank(EADB). She assumed that position on 15 January 2009. She […]
By Philip Makokha It is common knowledge that Kenya is among the top countries in the world in Corruption matters. This evil that bedevils us has done us more harm than we can statistically quantify. From unemployment to under-employment, the Kenyan youth continues to harbor that elusive Kenyan dream, if ever, there was one. It […]
By Reinhard Asamo China’s Africa Strategy Decades ago, China influence in Africa was limited. Its aid influence were highly significant and its diplomats relatively unskilled. And many Chinese were unsure about their country’s role as an International actor in the International system. In many instances, China did very little rather than defending core interest like […]
By Philip Makokha That same day Jesus went out of the house and sat by the lake.2 such large crowds gathered around him that he got into a boat and sat in it, while all the people stood on the shore. 3 Then he told them many things in parables, saying: “A farmer went out […]
