Nick🇰🇪🌏💙

🌐promoting investment opportunities in 🇰🇪 ESG/climate finance/Forestry. The Tweets & Replies are Personal Opinion

[Nick🇰🇪🌏💙 @Nick_N_a]

@KeForestService Where is the data coming from? Not obviously from the Jazamiti

[William Samoei Ruto, PhD @WilliamsRuto]

Assented to three critical Bills that will strengthen disaster response, protect our forests, and deliver equitable development to all parts of the country.

The National Disaster Risk Management Bill establishes a legal framework for managing disasters more effectively and efficiently. By providing clarity on the handling of disasters in both national and county governments, the new law is central to averting disasters and addressing crises when they occur.

The Act establishes the National Disaster Risk Management Authority and County Disaster Risk Management Committees, which will coordinate response, issue early warnings, and ensure resources reach people on time.

The Forest Conservation and Management (Amendment) Bill, 2025, bolsters our conservation efforts. The primary objective of the new law is to strengthen the legal and institutional framework governing the forestry sector, promoting conservation, sustainable forest management, climate-responsive forestry, and research.

It also strengthens the Kenya Forest Service (KFS) and re-establishes the Kenya Forestry Research Institute (KEFRI) as the lead forestry research institution.

The Equalisation Fund Appropriations Bill, 2025, enhances devolution by fostering equitable development and addressing development discrepancies in marginalised counties. The Act ring-fences Sh16.8 billion allocated to 34 counties to fund water, roads, health facilities, and electricity.

The funds go directly to special-purpose accounts, not the County Revenue Fund, to ensure it is used only for basic services in areas that have lagged behind in development.

[State Department For Forestry Kenya @Forestry__Kenya]

@Environment_Ke, Cabinet Secretary Dr. @DeboraBarasa, today appeared before the Senate Standing Committee on Land, Environment and Natural Resources at Bunge Towers, Nairobi, to present the Ministry’s position on the Forest Conservation and Management (Amendment) Bill, 2025.

The session, chaired by Mombasa County Senator Hon. Mohammed Faki, brought together stakeholders to deliberate on the proposed amendments aimed at aligning Kenya’s forestry laws with the Constitution of Kenya, 2010 and the National Forest Policy, 2023.

Dr. Barasa, who was accompanied by @Forestry__Kenya Principal Secretary Mr. @GMugambi_CBS said the proposed amendments seek to strengthen forest governance, enhance conservation measures, and clarify institutional mandates within the forestry sector.

Among the key proposals is the establishment of the @KEFRIHQ directly under the Forest Conservation and Management Act to enhance its operational independence and align its functions with national forestry research priorities.

The Cabinet Secretary noted that the Bill introduces new measures to support sustainable forest management, including the promotion of water harvesting technologies for tree growing in arid and semi-arid areas, the establishment of buffer zones around forests, and the implementation of Payment for Ecosystem Services frameworks to incentivize conservation efforts.

Further, the amendments seek to incorporate natural capital accounting into the national economic framework by recognizing the value of ecosystem services such as carbon sequestration, biodiversity conservation, and water regulation.

The Cabinet Secretary further emphasized that the Bill strengthens coordination between the national and county governments by clearly outlining county forestry functions and enhancing collaboration between the Kenya Forest Service (KFS) and KEFRI in policy and regulatory processes.

The CS was also joined by Senior officials from the State Department and its SAGAs led by Secretary, Forest Development Mr. George Tarus, Kenya Forestry Research Institute CEO Dr. Jane Njuguna, KFS Dr. Clement Ng’oriareng, and a legal team led by Ministry's Principal State Counsel Ms. Fatma Ali.

[Nick🇰🇪🌏💙 @Nick_N_a]

@Ben_cyco @NjorogeSnr Kenya Seed Company is set for privatization

[Julians Amboko @AmbokoJH]

I sat down with the MD & CEO of the Kenya Mortgage Refinance Company (@kmrc_co), @JOltetia, to discuss the business of the mortgage refinancier & strategy looking ahead.

A 🧵

· The company plans to return to market with a debt raise in 2026
· This is because the Kes 1.4 billion raised in 2022, the first tranche in a series, has been depleted
· The plan was actually to return to market in 2024, but the yield environment proved prohibitive
· KMRC management is persuaded that the market had realised a correction & a sweet spot for return to market would be at about 12.0% for the 5-year tenure
· KMRC still plans to lean on blended financing (i.e, commercial debt + cheap DFI funding) to moderate its cost of funds

[Nick🇰🇪🌏💙 @Nick_N_a]

@OfficialWRC @ElfynEvans @scottmartinat @TGR_WRC @Hankook_Sport Congratulations! You Concur Kenya you concur the world toughest terrain.

[Nick🇰🇪🌏💙 @Nick_N_a]

@KCBGroup @AlexGechure 😅😅

[Nick🇰🇪🌏💙 @Nick_N_a]

@SankeiSaitoti @KCBGroup 😅😅

[State Dept for Housing and Urban Development KE @HousingUrbanKE]

Housing PS @PSCharlesHinga this morning held a breakfast meeting with representatives from the Banking sector and KMRC  to deliberate on partnerships to enable Kenyans benefit from the Affordable Housing Program #BomaYangu #AffordableHousing

[Nick🇰🇪🌏💙 @Nick_N_a]

@KCBGroup @sammapesa 😅

[Nick🇰🇪🌏💙 @Nick_N_a]

@KCBGroup Payday after payday 🤦🏾‍♂️😅

[Nick🇰🇪🌏💙 @Nick_N_a]

@AIRTEL_KE @Mududah The floor is for your taking

[Nick🇰🇪🌏💙 @Nick_N_a]

@omwambaKE Only two banks in Kenya:
@KCBGroup
@StanChartKE

[Gichuki Kahome @kahome_steve]

Even though most mortgages in Kenya don't make sense, there are a few outliers.

1. There are employers who offer their employees better mortgages at 5-8%

Those 100% make sense, and can qualify as good long term debt.

2. Kenya Mortgage and Refinancing Company (KMRC) in partnership with some SACCOs and banks offers mortgages at single digit interest rate (9%)

Not sure how this works or who gets these mortgages though.

3. Some people are able to negotiate with their banks for preferential rates for their mortgages based on their relationship with the bank.

[Okowa Nashon @OkowaNashon]

WE HAVE stated time and over that the SIGNIFICANT problem of housing at the bottom of the triangle is a demand and not a supply issue. If you don’t address the demand challenge, and with the ever skyrocketing cost of construction, this is inevitable - and will augment.

[Nick🇰🇪🌏💙 @Nick_N_a]

@KCBGroup Eh eh Mai Lawd.
Thank you @KCBGroup

[Kenya Mortgage Refinance Company @kmrc_co]

💼 🌟 EXCITING SHOW ALERT! Join us on @citizentvkenya this Sunday for a deep dive on all things #homeownership with our CEO @JOltetia as he walks you through the magic that is @kmrc_co value proposition for all aspiring #Homeowners. #TuneIn

[Nick🇰🇪🌏💙 @Nick_N_a]

@citizentvkenya He is heading the CS Linturi way😹

[Julians Amboko @AmbokoJH]

Folks, 2024/25 Budget Estimates are out!

1. Size of budget downgraded by Kes 273.29 billion to Kes 3.914 trillion.
2. Vis a vis 2023/24 Supp. II spending, 2024/25 will be largely flat (Kes 3.98 trillion vs Kes 3.91 trillion, respectively)
3. National government spending 2024/25 now set at Kes 2.31 trillion, Kes 245.0 billion lower than earlier projected
4. Total revenue projection for 2024/25 revised downward to Kes 3.35 trillion from Kes 3.44 trillion of which Kes 2.91 trillion is ordinary revenue
5. 2024/25 fiscal deficit now set at Kes 514.0 billion. Quite ambitious this one, quite ambitious. 2023/24 stands at Kes 908.6 billion
6. Counties Equitable share unchanged at Kes 391.0 billion (which is being opposed)

[Julians Amboko @AmbokoJH]

Remember Sec51 of the Act provides that the interest rate for a loan issued under the Act shall be payable on reducing balance at such rate as may be prescribed by the CS?
Reg15 proposes to cap that interest rate at 9.0% (It's being aligned with the KMRC rate it seems)