CIPS Global Chief in Nairobi for high-level procurement talks

NAIROBI, Kenya, Aug 13Β β The Global Chief Executive Officer of the Chartered Institute of Procurement and Supply (CIPS), Ben Farrell, is in Kenya for a Kenya breaking news | Kenya news today |..
β¨ Key Highlights
Ben Farrell, the Global Chief Executive Officer of the Chartered Institute of Procurement and Supply (CIPS), is in Nairobi, Kenya, for a week-long visit. His trip, from August 8β15, aims to engage leaders on procurement and supply chain issues, signaling significant developments for CIPS's East African strategy.
- Farrell's schedule includes meetings with government officials and academic leaders, notably discussing a CIPS study centre at KCA University.
- He will deliver keynote addresses at KCA University and Daystar University, and headline a forum on βThe Future of Supply Chain & CIPS Strategic Positioning.β
- According to CIPS Kenya President Joshua Gitoho, the visit is expected to lead to enhanced training, stronger regulatory partnerships, and expanded professional certification opportunities across Kenya.
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CBK Cuts Lending Rate to 9.5% Amid National Debt Debates and Procurement Talks - August 2025
The Central Bank of Kenya (CBK) has reduced its base lending rate by 25 basis points to 9.5 percent, effective August 12. This decision aims to stimulate economic activity and lower borrowing costs. The action comes as Kenya grapples with a soaring debt burden and its impact on funding essential services, sparking a debate on fiscal adjustments. Debt servicing costs are consuming a significant portion of national revenue, forcing tough choices in public spending. Concurrently, Ben Farrell, the Global CEO of the Chartered Institute of Procurement and Supply (CIPS), is in Nairobi for a week-long visit. His trip from August 8β15 is to engage leaders on procurement and supply chain issues, signaling significant developments for CIPS's East African strategy.




