government Archives - Daily Chronicles

10Nov

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International news

President Ruto In Saudi Arabia

President William Ruto arrived in Riyadh, Saudi Arabia on Friday morning. Ruto was welcomed to Saudi by His Royal Highness Prince Mohammed bin Abdul Rahman bin Abdulaziz Al Saud, Deputy Governor of Riyadh. He is scheduled to attend the inaugural Saudi-African Summit scheduled to take place at the King Abdulaziz International Conference Centre. According to the event organisers, the summit will host 50 leaders from the Middle East and Africa. The rest of the delegation from Africa comprised Nigerian President Bola Tinubu, Eritrean President Isaias Afwerki, Gabonese interim President Brice Clotaire Oligui Nguema, Mauritanian President Mohamed Ould Ghazouani, Mauritius President Prithvirajsing Roopun, Malawian President Lazarus Chakwera, Tanzanian President Samia Suluhu Hassa...

DCI Launches Manhunt for Rowdy Protestors Captured on Camera

24Mar

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local news, Politics

DCI Launches Manhunt for Rowdy Protestors Captured on Camera

On Friday, March 24, the Directorate of Criminal Investigations announced that investigations were underway to arrest individuals captured on camera vandalising public property during the Monday, March 20 protests. In a statement, the DCI ordered all individuals captured in the photos and footage shared from the demos to surrender themselves at the unit's headquarters before the close of business (5 pm) on Friday, March 24. This was seven hours since the alert was issued at 10 am. The unit detailed that investigations were focused on a range of offences, including the protestors who destroyed road signages and the attacks targeting private businesses. “The Directorate is currently on a manhunt for the suspects whose images appear below as others are being gat...

Ruto To Begin 3-Day Visit To South Nyanza

23Mar

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Politics

Ruto To Begin 3-Day Visit To South Nyanza

President William Ruto is from Thursday set to embark on a three-day visit to the South Nyanza region, his first since assuming office in August last year. The tour will see him visit Kisii, Nyamira and Migori counties. In Kisii County on Thursday, the Head of State is expected to begin with the launch of the Kegati Water Project in Nyaribari Chache Constituency at 11 a.m., from where he will head to West Mugirango to launch the Sironga Housing Project, Constituency at 1 p.m. Thereafter, Ruto will commission upgrading of the Gekano-Rigoma-Amabuko Road in Kitutu Masaba Constituency. State House Spokesperson Hussein Mohamedon Wednesday said President Ruto will hold meetings with leaders in the regions.

Kenya Receives Additional Ksh.15.5 Billion Financing From IMF

9Nov

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Business

Kenya Receives Additional Ksh.15.5 Billion Financing From IMF

Kenya has unlocked Ksh.15.5 billion ($127.4 million) in additional financing from the International Monetary Fund (IMF). This follows successful discussions to amend the country’s ongoing program with the multi-lateral lender to provide additional financing. In a statement Tuesday night, the IMF says the extra financing which is equivalent to $162.84 million worth of special drawing rights (SDRs) covers external financing needs resulting from drought and challenging global financing needs. $1=Ksh.121.67 The additional financing is expected to trickle in as part of the ksh 52.4 billion fourth tranche loan from Kenya’s 38-month program which currently awaits the approval of the IMF Executive Board. Kenya had access to up to Ksh.27.2 billion in beyond its Ksh.284.6 billi...

Zimbabwe Government Under Fire For Halting Bank Lending

10May

By Nasra HusseinNo Comments

Business

Zimbabwe Government Under Fire For Halting Bank Lending

A move by Zimbabwe to suspend lending by banks will backfire, create a parallel banking system and usurp efforts to fix the moribund economy, the country's captains of commerce warned Monday. Emmerson Mnangagwa on Saturday ordered banks to stop lending as part of a raft of measures he said were aimed at stabilising the economy. Mnangagwa said the move would stop speculation against the Zimbabwe dollar and curb a burgeoning parallel market where the local dollar was trading at nearly 400 to the US dollar, more than double last week's official rate. "The government has suspended banking but banks remain intact," the Zimbabwe National Chamber of Commerce said in a statement. "This legitimises a parallel banking system with usurious interest rates and no investor would be attr...