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People’s Liberation Party leader Martha Karua has come under fire for her involvement in Tanzania’s political matters, with Tanzanian leaders urging her to focus on Kenya’s challenges instead. Speaking on Friday, Chama Cha Mapinduzi (CCM) Vice Chairman Stephen Wasira expressed his respect for Karua and her leadership role but firmly stated that she had no authority to interfere in Tanzania’s internal issues. Karua has been very vocal following the arrest of Tundu Lissu, an opposition leader from Tanzania’s Chadema party. She even traveled to Tanzania to show support during the hearing of Lissu’s treason case, calling for his immediate release.…

President William Ruto has arrived in Rome, Italy, where he is preparing to attend the funeral of Pope Francis. His arrival comes shortly after completing his official State visit to China. Exclusive photos shared by Newshub.co.ke captured the moment Ruto was welcomed in Rome by National Assembly Speaker Moses Wetang’ula. This reception surprised many, as earlier reports had suggested that Ruto had appointed Wetang’ula to represent him at the ceremony instead of attending personally. The funeral has drawn numerous global figures, including former United States President Donald Trump. Ruto will join 11 other African Heads of State at the significant…

Tensions are building between the Central Bank of Kenya (CBK) and local banks following a heated disagreement over the CBK’s new approach to lending rates, a move that could change how easily Kenyans access loans. CBK Signals Major Shift Away from Risk-Based Credit Pricing The conflict stems from the CBK’s recent announcement that it plans to move away from the Risk-Based Credit Pricing Model (RBCPM), which has been in use since 2019. In response, the regulator asked banks to submit their feedback on a review paper outlining the proposed changes, with a deadline set for May 2. CBK Governor Kamau…

Moses Kuria Proposes Major Changes in Management of Road Funds Senior Advisor in the Presidential Council of Economic Advisors, Moses Kuria, has called on the government to make big changes in how road funds are managed. He has suggested that the Kenya Rural Roads Authority (KERRA) and Kenya Urban Roads Authority (KURA), which currently handle funds from the Roads Maintenance Levy Fund (RMLF), should be disbanded. There has been growing tension over who should control the RMLF, a fund collected through fuel levies, between the national government and county governments. The national government believes that having central control over the…

EU Raises Concerns Over Kenya’s Business Environment Amid New Trade Deal The European Union (EU) has urged Kenya to make serious improvements to its business environment, raising issues like corruption, unpredictable law changes, and heavy taxes. This call comes even as the EU looks to boost trade ties with the East African nation through a major new agreement. Speaking to Bloomberg, EU Ambassador to Kenya Henriette Geiger highlighted these concerns. Her remarks came during discussions about the Economic Partnership Agreement (EPA), a deal that grants Kenya duty-free and quota-free access to EU markets. “We are working to improve the business…

MPs Approve Bill to Release Sh50.5 Billion to County Governments Nairobi, April 25 – Parliament has passed the County Governments Additional Allocations Bill, clearing the way for the release of Sh50.5 billion to all 47 county governments. The Bill, introduced by Majority Leader Kimani Ichung’wah, aims to enable the transfer of both conditional and unconditional funds from the National Government and international development partners to the counties. According to Ichung’wah, the main goal of the Bill is to provide legal approval for transferring these funds during the 2024/25 financial year. The allocations include money from the National Government’s own revenue…

The leader of the Orange Democratic Movement (ODM) party, Raila Odinga, has publicly defended Siaya Governor James Orengo following controversy sparked by a speech Orengo made two weeks ago. Orengo, speaking in Siaya at the funeral of George Oduor, Raila’s bodyguard, boldly addressed the crowd, which included ODM supporters, party leader Raila Odinga, and President William Ruto. In his speech, Orengo encouraged Kenyans to stand up for their rights and speak out, emphasizing that the fight for democracy must continue. “I cannot be a praise-singer. We fought for a democratic Constitution that guarantees people the freedom to speak openly. I…

In forex trading, timing is essential and can significantly affect a trader’s success. Although the forex market operates 24 hours a day, five days a week, not all days offer the same opportunities. Each day has its own characteristics, influenced by factors like market liquidity, volatility, and the release of economic data. Understanding these differences can give traders a significant edge, especially for beginners looking to maximize their opportunities in the currency markets. We know that the London session is the busiest trading session, but certain days of the week tend to show more movement across the markets. So, what…

Get ready to unlock the secrets of the forex market’s hidden rhythm. By now, you’ve learned what forex is, why it’s a great opportunity for trading, and who the key players are in the forex market. Now it’s time to understand when you can trade and when the market is most active. Have you ever wondered why the forex market seems to have a different pace throughout the day? Or why some hours are filled with action, while others feel almost silent? The answer lies in the forex trading sessions. Understanding Forex Trading Sessions Although the forex market operates 24…

Radio Africa Limited Announces Employee Layoffs Due to Economic Pressures On Friday, April 25, Radio Africa Limited made an announcement regarding the dismissal of 27 employees, explaining that the decision was driven by the ongoing economic challenges the company is facing. In an internal memo shared with staff, the media house referred to this as one of the toughest moments in its history. The message conveyed the emotional weight of the decision, acknowledging the long-standing service of the affected employees. “Yesterday, we made the incredibly difficult decision to let go of 27 of our colleagues. This is undeniably one of…