Few days ago, Business mogul Jimmy Wanjigi revealed that SGR was supposed to cost Kenyan shillings 55 billion, but the figure ballooned to over Kenyan shillings300 billion, causing major friction between himself and the government. He also revealed that the railway line was supposed to run from Mombasa to Malaba, but it was later revealed to him that it would only run from Mombasa to Nairobi, at a cost nearly six times the original estimate.
Today I want us to look at the current Archbishop of Nyeri Rev. Father Anthony Muheria. He was born in 1963, Kaburugi village in Murang'a County. He's brother to the current manager in Central Bank if Kenya, Patrick Njoroge. After highschool he didn't join seminary as most priests do.
The CBK Governor, Patrick Njoroge has warned that the country may default on its debt in the next two years if the current rate of borrowing is left unchecked. The CBK governor told the Senate Committee on Finance and Budget that Parliament has a key role to play in ensuring the government does not take on new debt even as past obligations
Central Bank of Kenya warns Kenyans of tough times due to the high rise of fuel prices.CBK said that high food and fuel prices, and taxes will continue to put pressure on livelihoods. Stating this yesterday, CBK'S monetary policy committee ( MPC), the bank's highest decision-making organ, said that the overall increase of goods and services has largely affected Kenyans as it has increased due to an increase of fuel and food.
James Smart a NTV news anchor has just twitted that Jubilee was a mistake. According to James Smart, it is a major mistake, and will be a mistake in the future. This post comes after prices of fuel have been increasing forcing Kenyans to dig deep into their pockets despite the raving effects of Covid-19.
Kenyans have been warned to be prepared for tough times ahead by the Central Bank of Kenya. The Central Bank of Kenya Governor Patrick Njoroge has since disclosed that the tax measures Introduced will make Kenyans go through tough times ahead. “If everything else was flat, meaning all other prices were not changing and the only change was due to these taxes and indexation, then inflation would be 1.78 percentage points,” said Dr Njoroge.
Central Bank of Kenya governor Patrick Njoroge has come out to pass an essential message to the country and it's citizens. According to Njoroge, the total debt service as a proportion of revenue had shot up to more than fifty percent in the financial year 2019/2020 which means half of the revenues collected were being channeled to the debt service.
Senior Counsel Lawyer AhmedNasir Abdullahi has allegedly accused Central Bank of Kenyan Governor Patrick Njoroge of being behind the downfall or success of some of financial institutions in Kenya. Taking to his Twitter handle, the Vocal lawyer has allegedly said the Patrick Njoroge must have considered religion and tribe when considering which bank to rescue.
Interior cabinet secretary Fred Matiangi has transformed police sector since his appointment by president Uhuru Kenyatta. This progressive development records have earned him the respect and honor of president Uhuru Kenyatta. The president has assigned him with major government roles. The cabinet secretary launched first modern housing units for police officers.
The economic stand of the country is key to everything.In as much as Kenyans have shifted their attention to the next year's general elections,their economic state,social state and spiritual state should be a matter of concern.In the recent days the church leaders took an Initiative to bar politicians from using church alters as political grounds to bid their political ambitions.What about our worrying economic status?
The Central Bank of Kenya (CBK) and the Treasury denied MPs access to an audit report on the collapse of Imperial Bank. Attorney-General Paul Kihara Kariuki blocked CBK and Treasury from releasing the findings and clarified that the billionaire owner and management were still under investigation over the bank's collapse.
The Central Bank Of Kenya Governor Dr. Patrick Njoroge is calling for efficiency in public spending to address the rising debt. According to the CBK manager, he told the Senate Committee on Finance that the public debt levels are rising largely due to heavy spending on infrastructure and Covid-19 related funding.
Kenyans have recently raised issues or rather claims that the new currency is wearing out or aging at faster rate. This comes just years after Central Bank of Kenya issued new currency bearing the symbols of Wild animals. Central Bank of Kenya Governor Dr. Patrick Njoroge on 29th June 2021 explained to Kenyans why the new currency notes are aging at faster rate.
NAIROBI, Kenya September 15 - Dr Patrick Njoroge of the Central Bank of Kenya (CBK) noted the serious challenge the country's growing debt could pose to financial stability even as the government pursues faster economic growth after the pandemic . He told the Senate Budget and Finance Committee that the country needs to prepare appropriate policy responses related to debt management, which accounts for 56.5% of gross product up from 42% in 2013 when the Jubilee government arrived.
Today digital loan lovers or rather customers have been dealt huge blow following the move by Central Bank of Kenya to ask Parliament to revise a proposed law to allow digital lenders to resume reporting customer loan defaults to credit reference bureaus (CRBs). This comes just months after the Central Bank of Kenya governor, Patrick Njoroge issued a directives deterring or preventing digital money lenders for instance branch and others from listing loan defaulters on Credit reference bureaus (CRBs).
The central bank of Kenya has blamed Kenyans for mishandling the new currency thus reducing it's lifespan. CBK governor Patrick Njoroge has praised the new currency over the older one. He says that the new currency which have been around for almost about two years. “Its no question the new bank notes are technically superior to Kenya’s old notes,” he said.
The Central Bank of Kenya has sought the return of Credit Reference Bureau to digital mobile lenders that usually loan clients through mobile apps. The CBK had earlier allowed digital lenders not to share credit information but through the Central Bank ammendment Bill 2021,its Governor Patrick Njoroge issued a statement that necessitated all digital lenders to share credit information.
The durability of the new notes as compared to old notes has brought a concern to the Central Bank of Kenya. The CBK has been forced to defend the durability of the new Kenyan currency which have been in circulation for only last two years. CBK governor Patrick Njoroge claimed that the new notes are more superior to the old notes before the Senate Committee on Finance and Budget on Tuesday, June 29.
The Central Bank of Kenya (CBK) has sought the return of the Credit Reference Bureau (CRB) listing for digital mobile lenders. Through the Central Bank of Kenya (Amendment) Bill 2021, CBK governor Patrick Njoroge advocated for digital loan apps to resume filing their reports with CRBs.
Dr Patrick Njoroge, the Governor of the National Bank of Kenya, has explained why the new Kenyan money notes are aging so quickly. Because of the high rate of flow, Njoroge admitted that the lower groups were wearing out faster than the more established ones. Njoroge testified before the Senate Committee on Finance and Budget, claiming that the new notes were, in any event, of higher quality than the older ones.