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Treasury moves to monitor and clean up parastatal loans amid defaults
Business

Treasury moves to monitor and clean up parastatal loans amid defaults

The Treasury’s latest annual monetary report shows that the value of on-lent loans now stands at more than Sh1 trillion, made up of Sh874.91 billion in donor-funded financing and Sh322 billion from the national government. Many of these loans, the report notes, have been poorly utilised, with some projects stalling or failing to start.

Pension fund sells housing and land to restore compliance
Business

Pension fund sells housing and land to restore compliance

The pension scheme’s members are mainly former staff of the defunct Kenya Posts & Telecommunications Corporation, Telkom Kenya, Postal Corporation of Kenya, and the Communications Commission of Kenya (now Communications Authority of Kenya). Most of the properties were transferred to the scheme over two decades ago during the restructuring of the postal and telecoms sector.

Kenya and Rwanda expand military partnership to include technology and innovation
News

Kenya and Rwanda expand military partnership to include technology and innovation

During his visit, General Kahariri met Rwanda’s Defence Minister, Juvenal Marizamunda, and the Rwanda Defence Force (RDF) Chief of Defence Staff, General Mubarakh Muganga, at RDF Headquarters. Their discussions focused on advancing joint initiatives in innovation, digital defence systems, and capacity building for military personnel.

Apple sees strong revenue but mixed reception for iPhone 17
Technology

Apple sees strong revenue but mixed reception for iPhone 17

Counterpoint Research reports that in the first ten days, the iPhone 17 series sold 14% more than the previous generation in the US and China, with the base iPhone 17 and iPhone 17 Pro Max leading demand. The iPhone Air, described as the thinnest iPhone ever, has seen “muted customer interest,” according to UBS, which tracks retail wait times.

Vietnam braces for floods as Typhoon Kalmaegi hits after killing 114 in Philippines
Global Affairs

Vietnam braces for floods as Typhoon Kalmaegi hits after killing 114 in Philippines

The government said more than 260,000 soldiers and 6,700 vehicles, including aircraft and specialized rescue equipment, are being used to help victims.Philippine President Ferdinand Marcos Jr declared a state of emergency early Thursday, citing widespread loss of life, property destruction, and disruption to livelihoods.

Cabinet under fire over plan to cut constituency road funds
News

Cabinet under fire over plan to cut constituency road funds

The proposed reduction will see each of the 290 constituencies lose Sh10 million from the Kenya Rural Roads Authority (KeRRA) allocation, cutting the amount from Sh63 million to Sh53 million.The government has asked the National Assembly to approve a proposal to securitise an additional Sh5 per litre from the Roads Maintenance Levy Fund (RMLF), which is expected to generate Sh120 billion in two years.

Sh629 billion borrowed through fuliza as users hit 9.1 million
Business

Sh629 billion borrowed through fuliza as users hit 9.1 million

Introduced in 2019, Fuliza allows M-Pesa customers to complete transactions even when their wallet balance is insufficient, as long as they stay within a credit limit set based on their transaction history. The service operates in partnership with NCBA and KCB Bank, who underwrite the loans, ensuring that users can cover shortfalls when sending money, withdrawing cash at M-Pesa agents, paying bills, or buying airtime.

Trump faces global backlash over climate denial at COP30
Global Affairs

Trump faces global backlash over climate denial at COP30

The two-week conference is expected to focus on climate financing and supporting vulnerable nations already facing the harshest effects of global warming. The urgency of the talks has been amplified by a string of extreme weather events, including Hurricane Melissa, which devastated parts of the Caribbean and killed more than 75 people.

Red Cross launches Sh2.4 billion appeal to ease Kenya’s worsening climate crisis
News

Red Cross launches Sh2.4 billion appeal to ease Kenya’s worsening climate crisis

The appeal has been launched amid growing concern over the deteriorating situation in Kenya’s arid and semi-arid lands (ASALs), where millions continue to endure failed harvests, livestock deaths, flash floods and rising health risks. The Red Cross has urged partners and donors to move quickly to prevent the crisis from deepening.

27 years after attack, 1998 bombing victims still waiting for justice
News

27 years after attack, 1998 bombing victims still waiting for justice

Justice Mugambi told the court that delivering a judgment before the end of the year would be impossible and set January 15, 2026, as the new date. He urged victims to remain in contact with their legal representatives for updates. For many of the survivors, the news came as a painful reminder of the long and frustrating road they have travelled in search of justice since the August 7, 1998, bombing that left over 200 people dead and more than 5,000 injured in Nairobi alone. Twelve of the victims were Americans.

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