The Ministry of Energy and Petroleum has withdrawn Kenya Power's application for a retail electricity tariff review, effectively halting a proposed increase in electricity costs. The decision was announced on Wednesday, June 3.

• Kenya Power's proposed electricity tariff hike has been withdrawn.
• The decision was made by Energy and Petroleum Cabinet Secretary Opiyo Wandayi.
• This move aims to protect consumers and support economic growth by ensuring stable electricity costs.

Ten individuals and companies have been ordered to repay Sh51.5 million obtained through a fraud and money-laundering scheme involving the County Government of Kilifi. The convictions stem from unlawful disbursement of public funds in 2016 for services never rendered.

• Sh51.5 million: The total amount defrauded from Kilifi County.
• Ethics and Anti-Corruption Commission (EACC): Secured the convictions and welcomed the ruling.
• Deterrent sentences: The court emphasized the need for strong penalties despite the convicts being first-time offenders, citing the rising prevalence of corruption.

Nairobi, Kenya – The Ethics and Anti-Corruption Commission (EACC) has arrested Duke Simeon Onyari, the Clerk of the Nyamira County Assembly, over alleged corruption and a suspected loss of public funds.

• Suspected loss of Sh30 million in public funds.
• Key individual: Duke Simeon Onyari, Clerk of the Nyamira County Assembly.
• The arrest is linked to alleged procurement irregularities in awarding a tender for the County Assembly office block construction to Jetta Builders Limited.

The Ministry of Energy and Petroleum has withdrawn an application by Kenya Power and Lighting Company (KPLC) to review electricity tariffs, assuring consumers of stable power supply.

• The application was submitted on March 31 and has now been rescinded following consultations.
• Energy Cabinet Secretary Opiyo Wandayi stated the decision aims to support a sustainable energy sector and protect consumers from increased costs.
• Current electricity tariffs will remain in effect under the existing structure, with the Energy Act, 2019 outlining the process for future reviews.

The Kenyan government is proposing a new legal framework to regulate Development Finance Institutions (DFIs), aiming to enhance oversight and attract investment. This initiative emerged from discussions held on Wednesday, June 3, involving DFIs, financial regulators, and policymakers.

• The proposed framework seeks to strengthen governance, financial soundness, access to capital, and coordination within the DFI sector.
• Key stakeholders involved include the Kenya Development Corporation (KDC), financial sector regulators, and policymakers.
• Currently, DFIs operate without a unified regulatory framework, unlike commercial banks, and are established and controlled by the national government through individual acts or charters.