John Mwendwa, Kenya Investment Authority CEO, to French investors: If your strategy is simply to extract and exit, then Africa is not the continent for you. Come to build value and strengthen supply chains
#AfricaForwardSummit2026
📌 Kenya’s laws are clear: Fine up to KES 100,000
2 years jail, Immediate license suspension (12 months+)
Tougher charges if injury/death occurs.
No one is above the law. Especially not those entrusted to fight drug & alcohol abuse.
@NACADAKenya#RoadSafetyKE#ZeroTolerance
🚫 A senior @NACADA official, drunk & arrogant at 1.8 BAC (20× the legal limit), crashed into my car this weekend.
He was rude, threatening, even claimed he was untouchable. At one point, he tried to hit me.
This is the face of impunity on our roads. #ZeroTolerance
🇦🇷 MONEY, MONEY, MONEY UNDER MILEI: 11TH STRAIGHT SURPLUS
Argentina posted a $888M trade surplus in October 2024, rebounding from a $442M deficit last year.
Exports soared 30%, fueled by agriculture and manufacturing, while imports grew 4.9%.
Many credit @JMilei’s libertarian policies for driving the country’s economic turnaround by cutting gov spending and removing red tape for business to flourish.
Source: Trading Economics
Commercial banks in Kenya will have up to 3 years to raise their capital to Sh10 billion, a 10times increase from Sh1 billion.
Over half of the banks risk closure or consolidation if they fail to secure additional funds or merge to meet the new threshold
During the CFA regional conference, our panel discussed the emergence of vibrant start-up ecosystems and how venture capital funding is driving innovation, and job creation.
Start-ups from Tanzania raised $25M in venture capital, far behind their counterparts in the Northern neighbor of Kenya’s $800M in 2023. Lets create the fundraising competitive ecosystem to make it impossible for investors to ignore the lure of attractive investment returns.
@FarmersChoiceKE I bought your burgers to prepare a valentines meal for my kids only to find the meat stacked together! Took me forever to mould. Quite dissapointed.
This is the predicament that President William Ruto has found himself in .
All the external loans that were taken in the 10 years of Uhuru Kenyatta started to fall due from 2023.
Consequently, Kenya is currently using almost 70% of revenue towards the repayment of interests on loans , and loan instalments. Last week , Ksh 72 billion went towards the SGR loan repayment. This leaves the Ruto Administration with only 30% to manage both recurrent and development budget. 30% isn't enough to fund even recurrent budget alone.
That means President Ruto still has to borrow in order to manage both recurrent and development budgets. We should understand the big difference between Uhuru's and Ruto's borrowing. Uhuru was borrowing when debt repayment was extremely low. Look at the loan portfolio under Kibaki to understand that point. Ruto on the other hand is borrowing when debt repayment is extremely high. That is not a small difference in fiscal engagements.
There have been various options for President Ruto ;
1. Continue with Uhuru's trend of borrowing commercial loans with huge interests - Euro bond is one of the commercial loans - With calamitous economic effects in future .
2. Default on loan repayments ,with serious consequences - google countries which defaulted on loans and the economic crises they went through; Venezuela, Greece, etc.
3. Restructure loan repayment by shifting the burden to future governments - the implications would include enormous interests.
4. Turn to the World Bank and the IMF for rescue - with conditionalities akin to the Structural Adjustment Programs ( SAPs) under Moi; removal of subsidies, higher taxation, retrenchment , etc. Fortunately, the current IMF and World Bank conditionalities aren't as stiffer as those imposed under SAP. Retrenchment for example is not on the cards.
President Ruto chose the 4th difficult option. Teamed up with the IMF and the World Bank to steer Kenya out of economic catastrophe. No debt default, no debt structuring. Prompt repayment so as to get Kenya out of danger. Are you aware that the World has extended billions to various towns and cities for upgrading? Kisumu for example is to get Ksh 1.4 billion.
However, IMF and World Bank conditionalities translate into some burden on tax payers , and hence the current lamentations and cries.
Let President William Ruto be unpopular, but do the right thing for Kenya. That way , future presidents will have it easy and take credit for that. Than have him make convenient and expedient political decisions that would destroy our economy further.
Let's not forget that some of Uhuru's subsidies are actually being paid by Ruto.
Lastly, the talk of Ruto being Uhuru's Deputy and therefore the need for him to take responsibility over Uhuru's policies is hogwash. Executive power lies with the President. Today , why don't we also blame Rigathi Gachagua over the state of the economy? No. That would be scapegoating.The buck stops with the President.
If you can't understand this then you are beyond redemption. You can do whatever you wish.
CREDIT: Viscount K'Owuor
If you aren’t sorry, don’t apologize.
Apologizing to keep the peace is a form of self betrayal.
Apologize when you regret your behavior and know you can do better.
I am pleased to announce that the Central Bank of Kenya has signed the instruments that have finally seen Kenya join the Pan African Payments and Settlemt System (PAPSS). This means that Kenyan companies can trade with their peers from other African Member States using our local Currencies, a major boost for the African Continental Free Trade Area (AfCFTA) @MeneWamkele@CBKKenya@WilliamsRuto@papss_africa
Celebrating Eliud Kipchoge's historic fifth triumph at the Berlin Marathon! His unwavering commitment and unparalleled determination serve as an enduring inspiration to all of us.
Witnessing his victory on the vibrant streets of Berlin is a powerful reminder that relentless effort and persistence can make the extraordinary achievable, indeed no human is limited.
We also extend our hearty congratulations to Vincent Kipkemboi and Sheila Chepkirui for their remarkable performances in the Marathon by bagging Silver medals.
Kenya is bursting with pride for all of you!