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Repos are short-term loans that allow banks to borrow from CBK by offering Treasury bonds as collateral and committing to repurchase them later at a premium.
Mbadi criticised Nyoro’s remarks as misleading and accused him of spreading misinformation about an alleged plan to raise the levy by another Sh5.
With infrastructure needs estimated at $170 billion (Sh220.1 trillion) annually, current investment levels fall far below the mark, threatening Africa’s economic growth, job creation, and global competitiveness.
The committee session, chaired by Kitui Rural MP David Mboni, heard that Kenya has seen a rapid increase in gambling firms, with over 236 licensed in 2024 alone.
The judge noted that the company had failed to prove it would suffer any harm that could not be compensated through monetary damages.
Co-op Bank’s stock has risen by 3.6 percent since the start of the year and is currently trading at Sh16.90.
CMA Chief Executive Wyckliffe Shamiah said the approvals reflect growing investor confidence and a shift toward broader, more sophisticated investment vehicles, including foreign currency-denominated and global market-linked funds.
The growing inflow of imported shoes presents a fresh test for the Ruto administration’s promise to grow the country’s leather value chain and reduce Kenya’s reliance on foreign products.
Despite the payments, the Sh273 million recovered still falls far below the Sh2.78 billion the government was owed by end of June 2023, according to the Auditor-General.
The state-owned power producer plans to select a transaction advisor by September, who will play a key role in guiding the development and implementation of the manufacturing plant.
The report shows that between 2017 and 2023, there was a 16 per cent rise in the sales of (ultra-) processed packaged foods, a trend closely linked to growing rates of obesity and non-communicable diseases (NCDs).
Justice Jairus Ngaah, who is handling the matter, directed the petitioner to serve the case documents to individuals he had named in the application but had not officially included.