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Court Blocks Trump from Firing Fed Governor; Trump to Sue NYT and Finalize TikTok Deal
A federal appeals court has blocked US President Donald Trump from removing Federal Reserve governor Lisa Cook, a ruling that allows her to participate in an upcoming policy meeting. Separately, former U.S. President Donald Trump announced plans to sue the New York Times for $15 billion over alleged defamation and libel, stating the lawsuit will be filed in Florida. In another development, the US Treasury Secretary announced a "framework" deal with China regarding TikTok's American operations, which President Trump and Chinese President Xi Jinping are expected to finalize on Friday. These events take place as Google-owner Alphabet revealed a £5 billion investment in UK artificial intelligence ahead of President Trump's state visit.
Equity Group Leads Trade Mission to DRC; Absa Appoints Mohammed Nyaoga as Board Chairman
Equity Group has organized a five-day trade and investment mission to the Democratic Republic of Congo (DRC), bringing together over 50 delegates from 16 countries. The mission aims to explore business opportunities in the mining-rich Katanga region and Kolwezi. Meanwhile, Absa Bank Kenya PLC has announced the appointment of Mohammed Nyaoga as the new Chairman of its Board of Directors, effective October 1, 2025. Nyaoga is a former Chairman of the Central Bank of Kenya. He will succeed Charles Muchene, whose nine-year tenure concludes on September 30, 2025.
Ruto Orders e-Procurement Shift; Siaya County Partners with Kakuzi on Farming
The Kenya National Highways Authority (KeNHA) announced it has migrated to the government’s e-GP system for all procurement in the 2025/26 financial year. This move is in line with President William Ruto’s directive to boost transparency. In another matter related to a presidential directive, civil society groups allege that despite President Ruto's order to abolish vetting for national IDs, a layered application process persists. At the county level, the Siaya County Government is partnering with Kakuzi Plc to boost avocado and macadamia farming. This collaboration aims to improve livelihoods for smallholder farmers in Siaya.
