Daily nation: the state of the shiling.
Limping against the dollar and other benchmark international currencies, facing an uncertain future, as inflation hits a 63- month high, and battered by high crude oil Prices, the Kenyan shiling is on a free fall, its value so uncertain that banks were yesterday hoarding the dollars and causing a bitting forex shortage that affected trade and risked lifting inflation figures further.
The reduced value of the shiling will undoubtedly make imports very expensive as exports become cheap.
In another story making headlines, president William Ruto's Kenya kwanza side and Raila Odinga's azimio will today know who has the Majority in the national assembly when members of national assembly meet.
With both sides laying claim to the powerful position of leader of majority, speaker of national assembly Moses wetangula is set to make a ruling whereby the KKA Brigade expects him to play ball having supported him when he wanted to be speaker.
Kikuyu MP Kimani Ichungwa and his ugunja counterpart Opiyo Wandayi from Kenya kwanza and azimio respectively have been proposed by their coalitions for the powerful and lucrative post.
In yet another Story, schools have resorted to send students home for school fees even as the ministry insists that enough capitation has been disbursed to the institutions.
According to a majority of principals, schools are currently cash strapped and can't meet the expenses involved in keeping students in schools.
Business daily: state fully acquires Telkom Kenya in KSH 6.09 Billion deal.
The government's decision to acquire 60 percent of shares in Telkom was carried out before the swearing in of president William Ruto from UK's private equity fund.
The central bank of Kenya was yesterday forced to correct deputy president on the remarks he Made about the state of the economy.
This was just one of the gaffes the deputy president made following another one about the shamba system which he was forced to recant.
In another story, the case against agriculture cabinet secretary nominee Mithika Linturi collapsed yesterday when his accuser withdrew it.
In the case, the former Meru senator was accused of attempting to rape the complainant.
The standard: Ruto turns to GMO in face of food crisis.
Cabinet yesterday allowed for cultivation of generally modified crops in a move that is aimed at addressing the bitting food shortage in the country.
The move has been welcomed by a number of scientists with some saying it has been long overdue.
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