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HomeDaily NewsSunday, June 22, 2025Political Developments and Economic Insights
Breaking News & Top Stories3 stories from 2 sources

Political Developments and Economic Insights

Governor Guyo faces impeachment mediation; Kenyan Shilling remains strong; Finance Bill 2024 quietly passed.

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Sunday 1:37 PMKBC Top Stories

Governor Guyo impeachment: Somali council of elders offer to mediate dispute

Governor Guyo impeachment: Somali council of elders offer to mediate dispute

A section of the Isiolo Somali community is urging County Assembly Members to seek mediation instead of pursuing the impeachment of Governor Abdi Ibrahim Guyo. They argue that impeachment could destabilize peaceful coexistence among ethnic groups in the County.

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Key Highlights

A section of the Isiolo Somali community is urging County Assembly Members to seek mediation instead of pursuing the impeachment of Governor Abdi Ibrahim Guyo. They argue that impeachment could destabilize peaceful coexistence among ethnic groups in the County.

  • The High Court in Isiolo issued an order halting the impeachment of Guyo pending further hearings.
  • The mediation efforts are being coordinated by the Somali Council of Elders.
  • Assembly members had been scheduled to debate impeachment on June 17, 2025, following accusations of stalled projects and unmet revenue targets.
Sunday 1:27 PMKenyansFirst

Why the Kenyan Shilling Is Holding Strong Against the Dollar

Why the Kenyan Shilling Is Holding Strong Against the Dollar

The Kenyan Shilling has shown notable resilience against the US dollar, trading at Ksh129.28 as of last week, amidst challenges facing many emerging market currencies.

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Key Highlights

The Kenyan Shilling has shown notable resilience against the US dollar, trading at Ksh129.28 as of last week, amidst challenges facing many emerging market currencies.

  • Ksh56.93 billion in remittances from Kenyans abroad were sent home in May, contributing to a cumulative amount of Ksh650.72 billion in the past year.
  • The Central Bank of Kenya (CBK) plays a crucial role in stabilizing the currency through active management of foreign exchange reserves.
  • Kenya's strong export performance and increased government securities investments have further supported the shilling.
Sunday 2:03 PMKenyans

We Quietly Passed Finance Bill 2024 in December - Ichung'wah

We Quietly Passed Finance Bill 2024 in December - Ichung'wah

The National Assembly Majority Leader Kimani Ichung'wah has revealed that the Finance Bill 2024 was quietly passed in December 2024, following widespread protests against it. This decision came after the government aimed to mitigate public backlash.

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Key Highlights

The National Assembly Majority Leader Kimani Ichung'wah has revealed that the Finance Bill 2024 was quietly passed in December 2024, following widespread protests against it. This decision came after the government aimed to mitigate public backlash.

  • Ksh187 billion in tax has been collected as of May, with potential projections of Ksh346 billion by June.
  • President William Ruto initially halted the bill due to protests that resulted in numerous casualties.
  • The bill included controversial tax implications misrepresented as taxing essential items like diapers and sanitary towels, which Ichung'wah clarified only targeted imports.
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