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October 31, 2017 7:34 AM Politics: Top 10 numbers that defined economy during 2017 elections

NAIROBI, KENYA: Politics, according to American writer and comedian Groucho Marx, is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies. The Kenyan economy has been through a season described by President Uhuru Kenyatta as difficult few weeks in which “our democracy has been tested to the limits 42

October 31, 2017 6:10 AM Man Utd news: Jose Mourinho willing to let Luke Shaw leave on loan amid Tottenham interest

MANCHESTER UNITED could let Luke Shaw leave in January, providing they can sign another left-back, according to reports. Shaw’s Old Trafford career has been plagued by injuries and he has failed to convince Jose Mourinho of his ability. The 22-year-old has had to settle for appearances coming off the bench, while Daley Blind and Ashley Young have been rotated 31

October 26, 2017 9:49 AM Footballer Jamie Insall banned for two years after testing positive for cocaine

Ex- Hibernian striker Jamie Insall has been banned from all sport for two years after failing a drugs test. After a Scottish League One game playing for East Fife, he tested positive for cocaine. The 25-year-old was on loan from Hibernian, but was released by the Easter Road club after his failed test. According to the Sun, the UK Anti-Doping board rejected 28

October 24, 2017 9:05 AM Kenya: Looming Risks as Kenya, Tanzania Debt Levels on the Rise

Kenya took on more than $7.6 billion in debt over the past year to June 2017 as the country faced low growth prospects as a result of drought and a political impasse. In the same period, Tanzania's debt rose by $1.12 billion. The country's external debt stock increased from $17.73 billion in the preceding quarter to $18.49 billion in June, largely on account 22

October 17, 2017 5:34 AM Dr Njoroge has presided over a disciplined banking regime, with shilling remaining stable

His deceptive demeanour of calm, measured words and soft voice can make you think he is a pushover until you are on the receiving end of his wrath. You may not hear the Yale University-educated economist in a room of 20 unless you pay very close attention or he is on a loudspeaker. When challenged to a fight in a boardroom, the tall, slim bespectacled 39

October 13, 2017 12:48 PM The property in Nairobi’s Kasarani area to be sold end of October

NAIROBI, KENYA: Billionaire Peter Munga could lose part of his fortune in an outstanding bank debt. The properties to be auctioned by end of the month are situated in Stone Grove estate in Nairobi. In an advert placed in the newspapers on Thursday, Galaxy Auctioneers said the properties are registered in the name of Peter Kahara Munga. “The subject plots 35

October 10, 2017 2:59 AM Court declares Jirongo bankrupt

Former Lugari MP Cyrus Jirongo has been declared bankrupt after the High Court found that he was unable to service his debts. Judge Olga Sewe ruled that the politician was unable to pay debt amounting to Sh700 million, which he owed some eight companies. The bankruptcy application against Mr Jirongo had been filed by the companies, which include Masole 9

October 9, 2017 9:10 PM Court declares former presidential candidate Cyrus Jirongo bankrupt

Former Lugari MP Cyrus Jirongo was has been declared bankrupt after a judge found he was unable to pay a debt running into hundreds of millions of shillings. Commercial Court judge Olga Sewe ruled in favour of businessman Sammy Kogo, Mr Jirongo’s creditor, and ordered that the latter’s estate should be placed under receivership. “Having heard the petitioner 7

October 8, 2017 6:32 AM Cap on interest rates is awkward: KBA CEO Olaka

In this interactive series, we invite our readers to send in questions to select public figures. 1. Why is the banking sector agitating for the removal of the cap on interest rates? Isn’t it selfish of banks to only think of themselves and not the customers? Kenya is a liberalised economy, which means that industries, from manufacturing to transportation 30

October 4, 2017 8:02 AM Sh5.7 billion Turkana Wind fine in budget

Kenyan taxpayers are set to pay owners of Lake Turkana Wind Power a lump sum of Sh5.7 billion in penalties for failing to connect power to the national grid in breach of contractual terms. The contract with the wind firm provided that the government would incur penalties for failing to take up power from the Lake Turkana wind project which was completed 4