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HomeDaily NewsWednesday, July 9, 2025Governmental Actions and Economic Adjustments
Business & Economy3 stories from 1 sources

Governmental Actions and Economic Adjustments

Govt halts sugarcane milling in Western region amid shortage. Moses Kuria resigns as President Ruto’s Economic Advisor. Former PM Rishi Sunak takes job at Goldman Sachs.

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Wednesday 2:00 PMCapital Business

Govt halts sugarcane milling in Western region amid shortage

Govt halts sugarcane milling in Western region amid shortage

The Kenyan government has suspended sugarcane milling in the upper and lower Western regions due to a shortage of mature sugarcane, starting on July 14, 2025.

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Key Highlights

The Kenyan government has suspended sugarcane milling in the upper and lower Western regions due to a shortage of mature sugarcane, starting on July 14, 2025.

  • The milling facilities affected include Nzoia Sugar, Butali Sugar Mills, and Mumias Sugar, among others.
  • Key figure: Jude Chesire, Acting CEO of the Kenya Sugar Board.
  • The closure will last for three months to address inadequate cane development and farmers' losses from immature harvesting.
Tuesday 9:23 PMCapital BusinessFirst

Moses Kuria resigns as President Ruto’s Economic Advisor

Moses Kuria resigns as President Ruto’s Economic Advisor

Moses Kuria has resigned as President William Ruto's Senior Economic Advisor shortly after causing public backlash over his tweet stating there would be "no elections in 2027."

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Key Highlights

Moses Kuria has resigned as President William Ruto's Senior Economic Advisor shortly after causing public backlash over his tweet stating there would be "no elections in 2027."

  • Kuria's resignation was confirmed on X, stating the President accepted his decision.
  • He thanked President Ruto for the opportunity to serve in multiple capacities, including his role in the Bottom-Up Economic Transformation Agenda.
  • Kuria’s comments on elections remain ambiguous, not clearly indicating if they reflect personal views or government strategy.
Tuesday 9:26 PMCapital Business

Former PM Rishi Sunak takes job at Goldman Sachs

Former PM Rishi Sunak takes job at Goldman Sachs

Former Prime Minister Rishi Sunak has joined Goldman Sachs as a senior advisor following his resignation in July 2024.

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Key Highlights

Former Prime Minister Rishi Sunak has joined Goldman Sachs as a senior advisor following his resignation in July 2024.

  • Sunak will provide part-time advisory services to the bank and donate his salary to The Richmond Project, a charity he founded.
  • David Solomon, chairman and chief executive of Goldman Sachs, expressed excitement about Sunak's return to the firm.
  • Sunak cannot advise other governments or clients he dealt with during his time as prime minister due to restrictions set by the Advisory Committee on Business Appointments (Acoba).
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