Why banks have cut lending to customers

Kenya’s banking sector is tightening its grip on deposits, opting to hold onto its piles of cash rather than extend loans to small businesses, according to a recent survey by the Central Bank of Kenya (CBK).  This cautious stance is pushing many businesses to seek alternative funding sources outside traditional banking streams. The survey, published yesterday by…

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Evidence in Gachagua’s impeachment case delivered to Senate in pickups full of carton boxes

At least two double-cabin pickup trucks full of carton boxes, on Monday, October 14, 2024, arrived at the parliament buildings to deliver National Assembly’s evidence in Deputy President Rigathi Gachagua’s impeachment case. A 20-minute video that was streamed on Parliament of Kenya’s official Facebook account showed two double-cabin pickups, a black and a white one,…

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Ruto Promises Nairobi River Transformation in Two Years

President William Ruto has pledged to transform Nairobi River within two years, highlighting the unacceptability of a polluted river in the headquarters of various environmental organizations. “I want to promise you that the river we have in Nairobi in two years, will be different. Because we cannot have the headquarters of world environment, UNEP in…

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Ruto Highlights Affordable Housing and Healthcare Reforms in Nairobi

President William Ruto has reaffirmed his administration’s commitment to providing universal healthcare, stating that the ongoing roll-out of Universal Health Coverage (UHC) will guarantee medical care for every Kenyan. At the 30th anniversary celebration of the African Inland Church (AIC) Milimani in Nairobi yesterday, Ruto emphasized that the government had already registered 12.8 million citizens…

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Duale clashes with constitutional lawyer over role of IEBC in nomination of new Deputy President

Environment Cabinet Secretary (CS) Aden Duale has strongly criticized the position of constitutional lawyer Waikwa Wanyoike regarding the role of the Independent Electoral and Boundaries Commission (IEBC) in the nomination of a new deputy president, amid the ongoing impeachment hearing of Deputy President Rigathi Gachagua in the Senate. In a recent column, Wanyoike argued that…

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What next for DP Gachagua if Senate, court saves him

Deputy President Rigathi Gachagua joined the ACK Diocese of Embu on the Diocesan 34th anniversary thanksgiving service at Kigari Teachers’ Training College. [DPCS] As the Senate prepares to take up the impeachment case against Deputy President Rigathi Gachagua this week, pundits are increasingly focused on the potential consequences of his acquittal by either the Senate or the courts. Observers note…

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