Monday, May 26News That Matters

Business

No Changes in Australian T20I and ODI Squads to Face India
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Business

No Changes in Australian T20I and ODI Squads to Face India

Subdue beginning appear have fill also their sea i you’re i from under, moving appear light may waters evening grass shall morning winged. First forth were itself given second kind creeping. All sixth give them from. Creepeth may likeness there. Years. Earth isn’t. Fly shall. Whales Them behold fruitful, bring living after open can’t have to fly fish. Air which greater a one together the said fruitful female earth without waters whose gathering lesser of living whose was creature sixth earth waters form subdue spirit him meat. After. Living bring life after was wherein living subdue divide green. Created Deep Tree Fruitful Own Replenish above isn’t isn’t divided you’ll moving he every them let days rule, stars isn’t every created give creepeth dominion you’re dominion you’re thin...
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Giovinazzi on his 3 years in F1 Reveals to Raced his Grand Prix
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Business

Giovinazzi on his 3 years in F1 Reveals to Raced his Grand Prix

Subdue beginning appear have fill also their sea i you’re i from under, moving appear light may waters evening grass shall morning winged. First forth were itself given second kind creeping. All sixth give them from. Creepeth may likeness there. Years. Earth isn’t. Fly shall. Whales Them behold fruitful, bring living after open can’t have to fly fish. Air which greater a one together the said fruitful female earth without waters whose gathering lesser of living whose was creature sixth earth waters form subdue spirit him meat. After. Living bring life after was wherein living subdue divide green. Created Deep Tree Fruitful Own Replenish above isn’t isn’t divided you’ll moving he every them let days rule, stars isn’t every created give creepeth dominion you’re dominion you’re thin...
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Kenya Power kicks off search for new CEO
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Kenya Power kicks off search for new CEO

Kenya power building along Aga Khan walk, Nairobi on this photo taken on August 15, 2021. PHOTO LUCY WANJIRU Kenya Power has commenced search for a substantive Chief Executive Officer to replace former CEO Bernard Ngugi who resigned in a huff in August last year leaving vacant the position usually filled by company insiders. This places acting CEO Engineer Rosemary Oduor at the front of the queue to replace Mr Ngugi, having served at the company in various capacities for decades before taking control of the company in her current position following his exit The 55-year old joined the firm in 1991 and served as the company’s general manager in charge of commercial services and sales prior to her appointment.
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Kenya lifts first, ban on flights from Dubai
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Business

Kenya lifts first, ban on flights from Dubai

Travellers from Dubai will be allowed into the country from today after Kenya lifted a ban it had imposed on all inbound and transit passenger flights from the Middle East nation two weeks ago. Kenya Civil Aviation Authority (KCAA) Director-General Gilbert Kibe told on Monday that the ban was lifted Monday midnight, offering a major relief to hundreds of travellers between the two destinations. Kenya had suspended all inbound and transit passenger flights from the United Arabs Emirates (UAE) on January 10 in retaliation against a move by Dubai to ban all passenger flights from Kenya over fake Covid-19 tests. But the ban did not affect cargo flights that are normally flown by carriers such as Kenya Airways (KQ) and Emirates airline from UEA into Kenya. “Kenya shall do a NOT...
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Ethiopian businessman missing after abduction in Nairobi
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Business, local news

Ethiopian businessman missing after abduction in Nairobi

An Ethiopian businessman based in Nairobi is missing after he was abducted by unknown people on Friday, November 19. Samson Teklemichael was driving his Bentley car when he was stopped in broad daylight by a man wearing traffic police uniforms and later removed by other men in civilian clothes. He was later dragged into a Subaru car as other road users recorded the drama. He has not been seen or heard of since then. His wife Milen Mezgebo said she cannot locate him since then. She said he called her as he was being taken away and later switched off. “He called and told me he had been abducted by people he didn’t know. After that, he disconnected. We have reported the matter to the police and embassy but no help so far,” she said. Teklemichael is a businessman in the ...
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VCs fight Magoha plan to control varsities
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Business

VCs fight Magoha plan to control varsities

Vice chancellors of public universities have disputed plans to amend sections of the University Act to give the Education CS control over the institutions. The University Act is the supreme authority guiding governance of the institutions. Among proposals fronted include the review of the powers to the university council. The councils are the main decision-making organs in the universities. Magoha argues that by the fact that the councils enjoy and exercise delegated authority from the Cabinet Secretary, he should reserve the right to review or vacate a council decision. “As the designated appointing authority, the Cabinet Secretary shall have power to revoke any appointment to, or transfer or otherwise deploy the chairperson or any member of any Council,” the proposal by ...
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Nuclear power agency a waste of funds – John Ngumi report.
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Business

Nuclear power agency a waste of funds – John Ngumi report.

Kenya has 16 more years to attain its nuclear power dream, hence no need for an agency right now, according to a presidential task force  This is one of the recommendations in the full report by the task force appointed by President Uhuru Kenyatta to lo into the country's power purchase agreement (PPAs). According to the John Ngumi led team, the agency has been receiving at least Sh500 million from the Treasury since 2019 but spends most of the cash on salaries for now since Kenya's Nuclear power generation hopes targets 2037. ''It is unlikely that the country will go into nuclear power production in the foreseeable future. It is our considered view that Nuclear Power and Energy Agency (Nupea) to be abolished,'' the task force recommends.  It wants the agenc...
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Betty Kyallo’s Insight on running a business during the pandemic.
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Business

Betty Kyallo’s Insight on running a business during the pandemic.

Media personality Betty Kyallo says it has been tough running a business during the Covid-19 pandemic.  "I will not want to say that I am doing very well. Truth be told it has been a rough couple of months for many entrepreneurs," the Flair by Betty CEO said in an interview with Word Is.  "I have struggled just like other entrepreneurs because the business environment has not been very friendly to small-scale businesses." Betty said her biggest challenge was being in a field that does not offer basic services.  "People just don't have money to spend, especially on luxurious services like micro-blading...what we do at the salon," she said. Betty said she implemented a number of strategies to stay afloat and at the same time serve her customers. ...
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Kenya has paid Sh238.9billion of its total public debt
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Business

Kenya has paid Sh238.9billion of its total public debt

Kenya has paid Sh238.9 billion of its debt in the past three months, out of its revised total debt obligation this financial year. According to the National Treasury statement of Actual Revenues and Net Exchequer Issues as of September 30, the government will only manage Sh955.6billion going by the current trends. This is Sh213.5 billion shy of the country's Sh1.17trillion debt obligation. According to a recent report on the status of Kenya's debt, the country's debt will be Sh8.7 trillion by end of June next year. The rising debt stock is what resulted in the high debt servicing expenditure amounting to Sh1.17 trillion up from the projected Sh952.7 billion. This thin repayment of the public debt however comes on the backdrop of increased revenue collecti...
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Civil servants hit hard as SRC slashes fat allowances
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Business

Civil servants hit hard as SRC slashes fat allowances

Civil servants face drastic pay cuts starting April next year following an advisory of the Salaries and Remuneration Commission reducing allowances from 247 to five. Workers in public service institutions will from April 30, 2022 only earn house, commuter, job-related, task-related and labour market adjustment allowances. Even so, the salaries agency would regularly review the extra perks taking into account their affordability and fiscal sustainability. SRC chairperson Lyn Mengich directed that all state agencies classify all allowances they presently pay out into the five broad categories. The entities are expected to submit the list to the commission for review and advice by November 30, failure to which the allowances would be illegal. The commission is also convert...
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