Kenya finally secures the much awaited Samurai Bond.
Details as below:
· It's a Kes 22.0 billion (JP¥ 25.0 billion) facility that is in three buckets
· The first Kes 13.1 billion (JP¥ 15.0 billion) targets Kenya's automotive sector & policy framework
· The second Kes 5.0 billion (JP¥ 5.5 billion) is earmarked for funding the Reduction of Energy Losses Programme
· The third Kes 4.0 billion (JP¥ 4.5 billion) will support
Kenya’s reform and development agenda.
Key things to have in mind:
· The CS National Treasury indicated that the pricing for the facility should play within the 4.0% - 5.0% p.a. range
· In a year where external financing has been relatively tight, the Exchequer must be heaving a sigh of relief with this development
· External financing stars aligning? World Bank is scheduled to meet on DPO VII before June 30th, it's a US$750.0 million credit line
Members of Parliament have supported a proposal seeking to establish a national digital system for tracking and monitoring police firearms in the country.
This follows a petition filed in Parliament, which seeks to bring reforms aimed at curbing the theft, misuse and unauthorised movement of police weapons.
https://t.co/Rta5Ayq9Rr
TSC deducted an extra Sh108 in PAYE from teachers' June payslips without an explanation.
The change could mean about Sh32.4 million extra collected in one month from over 300,000 teachers.
This is what Sports Kenya should invest in to be used at Kasarani, Nyayo and Talanta when they have non-sporting events like concerts, crusades, political rallies etc. This protects the pitch/track and also gives attendees a good experience when it’s muddy. I think concert organizers should have this at Uhuru Gardens/Carnivore/Racecourse etc
#FIFAWorldCup
America has struck a preliminary minerals deal with Kenya, securing a foothold in one of the world’s largest untapped rare earth deposits worth about $62.4 billion (Sh9.7 trillion). The deal edges out China in a critical race for resources vital to modern technology and national defence.
https://t.co/wEh6oxNpdO