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EDUCATION

Fear as Top Kenyan Universities Could Soon Disappear After Govt's Unpopular Move

A number of top Kenyan universities could soon be extinct after World Bank took a drastic measure on the cash-strapped public learning institutions and loss-making parastatals. In what would see thousands of public servants lose their jobs, the World Bank is now putting Kenya under pressure to merge these institutions of higher learning because of duplication of courses and the need to cut spending.

  13 days ago ago
Fear as Top Kenyan Universities Could Soon Disappear After Govt's Unpopular Move

ECONOMY-FINANCE

CoB Reveals How Kshs. 81b IMF Loan Was Misused Under Uhuru's Watch

A report from the Controller of Budget has revealed how staff in President Uhuru Kenyatta and his Deputy William Ruto's office misapplied a loan from IMF, International Monetary Fund that was meant for development. According to report, Presidency spent the Ksh 80.78 billion loan from the IMF to pay salaries that exceeded the budget that was initially planned for.

  1 month ago ago
CoB Reveals How Kshs. 81b IMF Loan Was Misused Under Uhuru's Watch

POLITICS

Disturbing News On How Uhuru's Government 'Squandered' More Than 8.6 Billion Within A Month

News has Emerges on the amount of money spent in the office of the Presidency in the month of June. This including both the office of His excellency president Uhuru Kenyatta and his deputy Wiliam Ruto. Despite the differences between the two leaders that have been going on for quite a while now, the two are known to working together especially in managing the governmental funds.

  1 month ago ago
Disturbing News On How Uhuru's Government 'Squandered' More Than 8.6 Billion Within A Month

ECONOMY-FINANCE

Sossion Breaks Silence About TSC'S CBA Without Monetary Gains, Reveals The Policy Behind It

Photo/Courtesy The former secretary general of Kenya National Union of Teachers, KNUT, Wilson Sossion has broken silence about the signing of non monetary CBA. He has claimed that a CBA with monetary gains is highly valued as money component improved the living conditions of workers and their families.

  4 months ago ago
Sossion Breaks Silence About TSC'S CBA Without Monetary Gains, Reveals The Policy Behind It

ECONOMY-FINANCE

South Sudan On The Red Zone As Kenya Features on The List Of Countries With Debt Distress

Countries across have been borrowing from developed countries over years so as to supplement the country's income. This has enabled the past and present regimes to render development as well as and other crucial services to its people. According to International Monetary Fund (IMF), several African countries have been identified and marked as having appreciable risk of loan default.

  2 months ago ago
South Sudan On The Red Zone As Kenya Features on The List Of Countries With Debt Distress

LIFESTYLE

Facts about Kenya that will blow your mind

If you ain’t proud being Kenyan!! Let me blow your mind! Kenya is an enigma in Africa. 1. Kenya is one of the most stable peaceful countries on the continent. 2. Has the most robust democratic environments in Africa. Talk of media freedom, freedom of speech, women education & empowerment etc

  4 months ago ago
Facts about Kenya that will blow your mind

ECONOMY-FINANCE

IMF Warns it Will Stop Giving Loans to Kenya

The International Monetary Fund (IMF) has threatened to the stop funding to kenya should the country breach the set inflation targets. One of the conditions stipulated by IMF for the programme agreed in February 2021, is that Kenya should maintain a target of five percent plus or minus 2.5 percent in order to ensure the price stability of the country.

  4 months ago ago
IMF Warns it Will Stop Giving Loans to Kenya

ECONOMY-FINANCE

Revealed: The Richest Country In The World You Didn't Know

Luxembourg was ranked by the International Monetary Fund (IMF) as the wealthiest country in the world as per the GDP per Capita. Luxembourg is a landlocked country in Western Europe. It's located between France, Belgium and Germany. It's a small country with a population of 619, 896.

  4 months ago ago
Revealed: The Richest Country In The World You Didn't Know

POLITICS

Raila Odinga Pokes Holes in Uhuru's Administration, Reveals What he Will do if Elected President

Raila Odinga, the leader of the ODM, has urged the government to save the civil service from deterioration, arguing that government employees are the foundation of nation-building and national development. According to Raila, Kenya's government has failed in the public sector by failing to recognize the importance of Public Service.

  4 months ago ago
Raila Odinga Pokes Holes in Uhuru's Administration, Reveals What he Will do if Elected President

ECONOMY-FINANCE

Kenya Gets Huge Financial Boost Following Uhuru's Efforts Which Have Enticed IMF To Offer More Loans

The International Monetary Fund (IMF) says it has been impressed by the steps taken by President Uhuru Kenyatta over the last few months in terms of development even as the his government yearns for more grants and loans from the financial body. In a statement released on Friday, November 5, IMF permitted Kenya to draw Ksh29.4 billion from the Ksh255 billion loan it gave the government in April 2021.

  24 days ago ago
Kenya Gets Huge Financial Boost Following Uhuru's Efforts Which Have Enticed IMF To Offer More Loans

ECONOMY-FINANCE

IMF Suspends Afghanistan's Access To Funds

The International Monetary Fund (IMF) said Afghanistan would no longer be able to access the lender's resources. The move follows the takeover of the country by the Taliban last weekend. An IMF spokesperson said this was due to "lack of clarity within the international community" on the recognition of a government in Afghanistan.

  3 months ago ago
IMF Suspends Afghanistan's Access To Funds

ECONOMY-FINANCE

Kenya Set To Receive Another Loan From IMF Next Week

In order for a government to be able to deliver to it's citizens it must have enough cash to be able to deliver. It is good news to the Kenyan government as International Monetary fund IMF yesterday approved a loan of ksh. 29 billion which is equivalent to $264 Million.

  25 days ago ago
Kenya Set To Receive Another Loan From IMF Next Week

ECONOMY-FINANCE

Kenya a Country Of Loans.

Sometimes you might regret being a Kenyan. The hard economic times we are going through is just disgusting. There are Kenyans who even affording a meal twice a day is just but a dream. To make the matter worse,the government has no ear for her own citizens!

  3 months ago ago
Kenya a Country Of Loans.

PERSONAL-INVESTING

Kenya Debt: Total Amount Every Kenyan Owes to International Loan Banks

Our country is a democratic country whereby all people can move from one place to another without being insulted or arrested. Furthermore, our country is becoming powerful in terms of communication and technology. Many international companies have invested in different parts of Kenya and many Kenyans have been employed in these companies.

  4 months ago ago
Kenya Debt: Total Amount Every Kenyan Owes to International Loan Banks

ECONOMY-FINANCE

IMF cuts Global Growth Outlook on Supply Disruption

Persistent supply chain disruptions and pricing pressures are con- straining the global economy's recovery from the Covid-19 pandemic, the International Monetary Fund (IMF) said yesterday as it cut growth out looks for the United States and other major industrial powers. In its World Economic Outlook, the IMF trimmed its 2021 global growth forecast to 59 per cent from the six per cent forecast it made in July.

  1 month ago ago
IMF cuts Global Growth Outlook on Supply Disruption

EDUCATION

Magoha Prevents Universities from increasing the fee, Reform

The Minister of Education, Prof George Magoha, has suspended university plans to make reforms that could result in thousands losing their jobs. The University of Nairobi (UoN) last week announced that it had reduced the number of faculties from 35 to 11 and disbanded some departments as part of a move to reduce the cost of running the institution.

  4 months ago ago
Magoha Prevents Universities from increasing the fee, Reform

ECONOMY-FINANCE

The IMF declares a possibility of high inflation in Kenya.

The International Monetary Fund )IMF) has stated that there is a risk of inflation in Kenya. There was a 3-year  $2.4Billion program that was being funded by the IMF if Kenya's three-month average inflation could breach the Central Bank of Kenya's targets. The IMF has paused funding that program thus citing a risk of inflation in Kenya.

  4 months ago ago
The IMF declares a possibility of high inflation in Kenya.

ECONOMY-FINANCE

Big Blow For Kenyans As IMF Threatens To Do This

President Uhuru Kenyatta tenures has seen Kenya's debt gaining significantly as the country tries to ensure sustainability. Indeed the public debt has risen and reports indicate that Kenyans have now to deep bigger as the Government repays the loan. However, the latest developments indicate that the International Monetary Fund(IMF), which is Kenya's biggest lender, has issued tough guidelines regarding loan application and payment.

  4 months ago ago
Big Blow For Kenyans As IMF Threatens To Do This

POLITICS

Raila Unveils Strategies to Save Crippled Civil Service

ODM leader Raila Odinga has advised the government to save the civil service from deteriorating arguing that the government employees are the foundation of nation-building and national development. This comes at a time when the International Monetary Fund (IMF) ordered Kenya to retrench the service, initiate pay cuts and freeze the workers' salaries to lower the public sector wage bill.

  4 months ago ago
Raila Unveils Strategies to Save Crippled Civil Service

ECONOMY-FINANCE

IMF Issues Inflation Warning To Kenya

If Kenya fails to meet its inflation targets, the International Monetary Fund (IMF) has threatened to cut off assistance. Kenya must maintain a target of 5% plus or minus 2.5 percent to achieve price stability, according to one of the IMF's requirements for the February 2021 program.

  4 months ago ago
IMF Issues Inflation Warning To Kenya