Aliko Dangote has revealed how he plans to finance his proposed $17 billion (about Sh2.2 trillion) oil refinery in Kenya.
Here's an explanation of how he plans to do it.
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A KES 703M property deal at 14 Riverside became a KES 10B+ debt war.
At the centre:
Synergy Industrial Credit.
Cape Holdings.
I&M Bank.
The Sanghrajka interests.
A disputed debenture.
And a legal test that could reshape creditor enforcement in Kenya.
Thread. 🧵👇🏾
The World Bank has given Kenya more than 10 conditions before it can access the next round of loans.
Here are 10 of the main conditions explained in simple terms.
Thread below:
Wimwaro FM in Embu football commentator Njeru KK goes viral after a video of him commentating the Brazil Vs Japan FIFA World Cup match surfaces online.
I like the energy and passion in him.
𝗘𝗔𝗖𝗖 𝗔𝗿𝗿𝗲𝘀𝘁𝘀 𝗞𝗥𝗔 𝗢𝗳𝗳𝗶𝗰𝗶𝗮𝗹𝘀 𝗙𝗼𝗿 𝗕𝗿𝗶𝗯𝗲𝗿𝘆
The Ethics and Anti-Corruption Commission (EACC) has arrested two employees of the Kenya Revenue Authority (KRA) over allegations of soliciting and receiving a bribe in connection with a tax matter.
The suspects, Faith Gathoni Njoroge and Tyson Marango Owuor, both based at KRA's Upper Hill offices, were arrested following a complaint that they had demanded Kes3 million from a taxpayer in exchange for influencing the resolution of a Capital Gains Tax assessment amounting to Kes4.5 million.
Acting on the complaint, the Commission conducted an operation during which the suspects were allegedly caught receiving Kes900,000, being part payment of the bribe. The money was recovered and the suspects arrested.
The two are currently being processed at Integrity Centre pending the conclusion of investigations and appropriate action under the Anti-Bribery Act, 2016.
Your Excellency President @WilliamsRuto , everyone says Wicknell Chivayo is a Conman, a fraudster & a Criminal .. Why have you allowed him unimpeded access? Why is he given unrestricted access to our country? How can he openly give money to our airport employees? How does our country benefit from a known criminal? How can we compromise our national security & prestige to such man of dubious reputation?
Cheptongei Village Tribunal Judgement:
We agree with you that your neighour cut your fence & stole your cow. We can see the cow in his compound. But we are afraid we can’t return the cow as he has fixed the fence where he had cut. But to compensate you, we will give you a goat!
Case Dismissed.
A woman leaving you because of struggles is understandable. There’s no glory in suffering together. But trying to win that same woman back after you become financially stable is something I’ll never understand.
"The matron at Utumishi Girls Academy only opened one door instead of two when fire broke out. Instead of alerting the children to get out, she walked away."
"The matron at Utumishi Girls Academy only opened one door instead of two when fire broke out. Instead of alerting the children to get out, she walked away."
Wambui Mbarire on Citizen TV’s The Explainer falsely claimed that the basket of goods was cheaper in 2022 under Uhuru. CS John Mbadi challenged her directly, asking whether she was aware inflation stood at 9% in 2022 compared to about 3% now. The moment facts came in, the conversation quickly shifted to disposable income.
Skizeni experts, not tribalists.