Cabinet Secretary for the National Treasury and Economic Planning John Mbadi.[FILE,Standard] The planned partial sale of the state’s stake in Safaricom has kicked up a storm on the government’s ambitious but controversial plan to sell what many Kenyans consider as strategic national assets. Critics have sounded the alarm, arguing that transferring the 15 per cent stake to Vodacom, the South African telco owned by Vodafone, would severely compromise national sovereignty over critical digital infrastructure, data protection and the national payment system. Bold Reporting Takes Time, Courage and Investment. Stand With Us. Support Bold Journalism Unlimited access to all premium content…
Author: By Brian Ngugi and Macharia Kamau
Cabinet Secretary for the National Treasury and Economic Planning John Mbadi.[FILE,Standard] The planned partial sale of the state’s stake in Safaricom has kicked up a storm on the government’s ambitious but controversial plan to sell what many Kenyans consider as strategic national assets. Critics have sounded the alarm, arguing that transferring the 15 per cent stake to Vodacom, the South African telco owned by Vodafone, would severely compromise national sovereignty over critical digital infrastructure, data protection and the national payment system. Unlock the Full Story — Join Thousands of Informed Kenyans Today Support Bold Journalism Unlimited access to all premium…
Cabinet Secretary for the National Treasury and Economic Planning John Mbadi.[FILE,Standard] The planned partial sale of the state’s stake in Safaricom has kicked up a storm on the government’s ambitious but controversial plan to sell what many Kenyans consider as strategic national assets. Critics have sounded the alarm, arguing that transferring the 15 per cent stake to Vodacom, the South African telco owned by Vodafone, would severely compromise national sovereignty over critical digital infrastructure, data protection and the national payment system. Bold Reporting Takes Time, Courage and Investment. Stand With Us. Support Bold Journalism Unlimited access to all premium content…
Energy CS Charles Keter receives a report from Prof Izael Pereira Da Silva, flanked by Energy PS Joseph Njoroge, on reviewing IPP power purchase agreements. [Wilberforce Okwiri, Standard] Patrick Nyoike is a former senior civil servant who served as Kenya’s Permanent Secretary (PS) for Energy from 2003 to 2012, a period of significant expansion in the country’s power sector. His tenure spanned the presidencies of Mwai Kibaki and part of Uhuru Kenyatta’s administration, placing him at the centre of major energy policy decisions and procurement deals. Uncover the stories others won’t tell. Subscribe now for exclusive access Unlock the Truth…
Many Kenyans are resorting to shylocks to meet quick financial needs, often ending up forfeiting assets. [Courtesy] Harsh economic times, the high cost of living, and the denial of credit by banks to households and businesses have forced many Kenyans into backstreet borrowing that is now pushing them to the edge. Many are resorting to shylocks to meet quick financial needs, often ending up forfeiting assets. Victims of these unregulated digital lenders tell of battling depression, with some cases ending in suicide. Uncover the stories others won’t tell. Subscribe now for exclusive access Unlock the Truth Now 》 Unlimited access…
Many Kenyans are resorting to shylocks to meet quick financial needs, often ending up forfeiting assets. [Courtesy] Harsh economic times, the high cost of living, and the denial of credit by banks to households and businesses have forced many Kenyans into backstreet borrowing that is now pushing them to the edge. Many are resorting to shylocks to meet quick financial needs, often ending up forfeiting assets. Victims of these unregulated digital lenders tell of battling depression, with some cases ending in suicide. /* Container styling */ .fade-out-overlay { position: absolute; top: -80px; left: 0; width: 100%; height: 60px; z-index: 1;…
Many Kenyans are resorting to shylocks to meet quick financial needs, often ending up forfeiting assets. [Courtesy] Harsh economic times, the high cost of living, and the denial of credit by banks to households and businesses have forced many Kenyans into backstreet borrowing that is now pushing them to the edge. Many are resorting to shylocks to meet quick financial needs, often ending up forfeiting assets. Victims of these unregulated digital lenders tell of battling depression, with some cases ending in suicide. /* Container styling */ .fade-out-overlay { position: absolute; top: -80px; left: 0; width: 100%; height: 60px; z-index: 1;…
President William Ruto during the signing of seven parliamentary Bills that will accelerate the achievement of our Bottom-Up Economic Transformation Agenda. [PHOTO HIRAM OMONDI/ PCS, 11/12/2024] President William Ruto yesterday signed the Finance Bill 2025 into law, introducing changes in tax administration aimed at increasing his embattled government’s revenue as the country grapples with mounting public debt and economic pressures. The new measures, many of them set to take effect on July 1, have minimal implications in terms of hiking taxes as the government tried to avoid pushback from Kenyans witnessed in 2024 when it proposed punitive tax measures but…