Nigel Clarke appointed IMF deputy managing director

The International Monetary Fund (IMF) has announced the appointed of Jamaica’s finance minister Nigel Clarke as its deputy managing director. Clarke whose appointment is effective October 31, 2024 takes over from Liberian economist Antoinette Sayeh who is scheduled to step down beginning September 1, 2024. IMF Managing Director Kristalina Georgieva made the announcement to the…

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Man of the moment: Willaim Ruto to unveil Raila Odinga’s campaign for Africa top job

Former Nigerian President Olusegun Obasanjo speaks during the launch of FESTAC. He endorsed Raila Odinga (right ) for AUC chair post. [Michael Mute, Standard] Today marks a significant juncture for African Union Commission (AUC) chairperson contender Raila Odinga as President William Ruto formally unveils his candidature. Presidents from the East Africa region are expected to…

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Debt headache for Ruto amid credit downgrade

President William Ruto during a previous event. [File, Standard] President William Ruto’s administration is now facing a fresh headache in the form of higher borrowing costs after a third global rating agency downgraded Kenya’s credit rating in as many months, further limiting the country’s options for financing its growing debt obligations. The latest downgrade by…

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Yatta cotton farmers hail price increase, urge protection of local textile industries

Thika Cloths Mills CEO Tejal Dodhia with Francis Kilango, Chairman Uvouni Cotton farmers Cooperative Society Ltd. Yatta cotton farmers have called on the government to protect local textile industries as part of the “Buy Kenya, Build Kenya” initiative, emphasizing that this would significantly boost youth employment. They expressed gratitude for the recent increase in cotton…

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Ruto’s inner circle: The men calling shots

President William Ruto during a Press briefing where he nominated new Cabinet Secretaries and Attorney General at State House, Nairobi on July 19, 2024. [PCS] In the wake of nationwide protests led by Gen Z which shook the foundations of President William Ruto’s administration, a new dynamic has emerged within the power matrix of the country’s top leadership….

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Gachagua Praises Crackdown on Drug Abuse and Illicit Liquor

The government’s crackdown on illicit brews and drug abuse is showing positive results due to stringent measures and effective coordination by the National Government Administration Officers. Deputy President Rigathi Gachagua announced on Saturday that, despite these successes, the fight against these issues will continue, and the government will not tolerate a resurgence of the vices….

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President Ruto presides over 88th NYS Pass-Out Parade

President William Ruto. President William Ruto will today oversee the 88th National Youth Service Pass-out Parade at the NYS College in Gilgil, Nakuru County. The Monday pass-out parade will see 14,602 recruits graduate from the training college with various disciplines focusing on service to the nation. NYS which oversees two pass-out parades annually is responsible…

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Ruto Explains Why Private Uni Students Won’t Receive Govt Scholarships

President William Ruto has clarified why students enrolling in private universities will not receive government scholarships under the new funding model. On Sunday, August 25, 2024, President Ruto explained that students attending private institutions will only have access to loans, not scholarships. He detailed that many private universities receive funding from companies and other sponsors,…

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