Category: East Africa

Only 10 per cent of Kenya’s development budget has been spent with a quarter of the year gone in what could affect completion of projects and economic growth. Data from the Treasury shows that by the end of September, a total of Sh41.8 billion had been spent on development against the annual budget of Sh416…

President Uhuru Kenyatta Thursday launched the Sh5.3 billion roadworks to dual the Athi River-Machakos section of Mombasa Road as he led the country in celebrating this year’s Mashujaa Day. China Railway 21st Bureau Group is constructing the 20km dual carriageway – the latest of the multi-billion shilling infrastructure projects Mr Kenyatta has launched in recent…

More than 754,000 bags of maize held in the national Strategic Grain Reserve is unfit for human consumption, deepening the food security crisis as the country grapples with a severe drought that has left more than 1.3 million facing starvation. Auditor-General Edward Ouko says in a newly released report that the maize stock, valued at…

Kenyan President Uhuru Kenyatta accused the judiciary and other agencies of undermining efforts to root out corruption, addressing a campaign pledge from his 2013 election and one which he is likely to be challenged on in next year’s vote. Despite pledges four years ago to crack down on corruption, critics and opponents say the government…

Kenyan manufacturers were yesterday still waiting for a clear roadmap to their share of the multi-billion shilling tenders for second phase of the standard gauge railway project that President Uhuru Kenyatta is expected to launch this morning. Kenya Association of Manufacturers chief executive Phyllis Wakiaga said local industrialists expect the government to enforce the law…

High domestic debt maturities are forcing the Treasury to accept a larger volume of bids in the short term securities auctions as interest rates head for the floor. This month, investors have offered a total of Sh50.4 billion for the three tenors of Treasury bills against the advertised Sh32 billion, with the government taking up…