Category: Ruto
-
Ruto picks CBK insider as second deputy governor
•
Gerald Nyoma, the current head of banking supervision at the Central Bank of Kenya, has been appointed to serve as the second deputy governor of the apex bank in a move to comply with legal requirements. President William Ruto’s appointment extends Mr Nyoma’s tenure at the Central Bank of Kuwait…
-
President Ruto backs Starlink rivalry with Safaricom
•
Kenyan President William Ruto has backed US billionaire Elon Musk’s Starlink venture into Kenya amid a plea from Safaricom to reconsider licensing satellite internet providers. Dr Ruto said at a US-Kenya Business and Investment Roundtable that Starlink’s entry is in line with the government’s policy of deepening internet penetration and…
-
Ruto hands mega road deal to China, drops French firms
•
President William Ruto has abandoned the French and is now courting China for the Nairobi-Malaba highway dualisation project that his predecessor Uhuru Kenyatta offered to a French consortium. Dr Ruto, who is in Beijing to attend the African leaders summit, said his host Xi Jinping had given the green light…
-
State dividend income hits Sh80bn on Ruto directive
•
Treasury earnings from public investments for the fiscal year ending June 2024 nearly doubled on the back of a presidential order requiring parastatal commercial companies to surrender 80 percent of their net profits to the Treasury. New disclosures show investment income jumped 95.43 per cent to Sh80.72 billion in the…
-
President Ruto fires entire Cabinet
•
President William Ruto has sacked all cabinet ministers and Attorney General Justin Muturi in response to youth-led anti-government protests. Only Prime Minister Musalia Mudavadi, who is also the Minister of Foreign Affairs, escaped punishment. “After careful consideration and listening to what the people of Kenya have said and after a…
-
President Ruto announces Sh177bn budget cuts
•
President William Ruto has announced Sh177 billion in spending cuts and Sh169 billion in additional borrowing to plug the budget gap left after the withdrawal of the 2024 Finance Bill. President Ruto said in a live address from State House that the government would present a proposal to the National…
-
President Ruto directs Sh346 billion budget cut after Finance Bill rejection
•
President William Ruto has directed the National Treasury to prepare a mini-budget for the financial year starting in July after rejecting the 2024 Finance Bill, which was expected to raise an additional Sh346 billion. President Ruto on Friday signed the 2024 Fiscal Appropriation Bill, which allows the national government and…
-
Winners and losers in President Ruto tax trade-off plan
•
MPs have proposed an increase in fuel, import and railway development duties as well as an increase in tariffs on gambling to compensate for the abandonment of a range of controversial taxes on bread and cars in this year’s Finance Bill. The National Assembly Finance and Planning Committee’s proposal will…
-
France topples China on loans as President Ruto looks West
•
France and Germany have overtaken China in budgeted loans from rich countries for the new year that begins in July, highlighting President William Ruto’s realignment with the West in a foreign policy shift from that of his predecessors. In its budget books, the Treasury listed France as the largest bilateral…
-
Taxpayers to pick up Sh1.1bn for President Ruto advisers
•
The cost of maintaining a team advising President William Ruto will cross the Sh1 billion mark, underscoring the burden of hiring consultants in government. Budget documents tabled in Parliament show the six advisory units will spend Sh1.14 billion in the year starting July, up from Sh977 million in the current…
-
President Ruto appoints 20 new High Court judges
•
President William Ruto has appointed 20 Supreme Court judges who were recently appointed by the Judicial Service Commission. The Judicial Service Commission recommended that the 12 men and eight women become High Court judges after interviewing 95 applicants, in a month-long process between April 3 and May 3. “In exercise…
-
President Ruto postpones schools reopening indefinitely due to flooding
•
Children will have to stay home longer after President William Ruto directed the Ministry of Education to postpone the reopening of schools for the second semester until further notice due to the ongoing flood situation, marking the second delay. Schools were due to reopen on Monday this week before this…