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Treasury assumes oversight as fertilizer shortage threatens Kenyan maize farmers
The National Treasury has taken over financial and governance oversight for Kenya Seed Company and the Agricultural Finance Corporation (AFC). This intervention comes amid growing concerns about agricultural sector management. Meanwhile, maize farmers across Kenya are expressing deep concern over a severe shortage of fertilizer, fearing it will significantly impact their harvest yields. Additionally, the Kenyan government has ordered the closure of the Kenya Institute of Management (KIM) and canceled the certificates of thousands of its students nationwide, citing regulatory violations.
Executives cite pessimism as manufacturers demand government support
Executives in Kenya's manufacturing sector are expressing significant pessimism regarding economic growth prospects over the upcoming 12 months. The concerns highlight broader challenges facing local industries. Kenyan manufacturers are calling on the Kenyan government to implement supportive policies for local industries, emphasizing the potential to significantly boost the nation's GDP. Separately, the Engineers Board of Kenya (EBK) is investigating rogue engineers following growing concerns about public safety, with several cases forwarded to the Directorate of Criminal Investigations (DCI).
President Ruto begins Italy visit amid scrutiny over fuel prices
President William Ruto has begun a three-day official visit to Italy, commencing with a meeting with President Sergio Mattarella in Rome. The diplomacy focuses on investment and business opportunities. Separately, President Ruto's statements defending Kenya's high fuel prices compared to other East African nations are facing scrutiny amidst broader concerns about the country's economic standing. Additionally, new car owners in Kenya are set to face higher taxes due to increased costs associated with clearing vehicles at the port of Mombasa.
Kip Keino Classic returns to Nyayo Stadium with world-class athletic field
Organisers of the Absa Kip Keino Classic are promising an event of a lifetime as the highly anticipated meet returns to Nyayo Stadium. The event is set to feature top global talent and thrilling athletics competitions. The Kip Keino Classic is serving as a crucial platform to prepare Kenya's youth for the upcoming World U20 Championships in Oregon, America. Meanwhile, the Eldoret City Marathon is scheduled to take place this Sunday, with organizers confirming their readiness and announcing prizes for winners.
Golf tournaments crown winners amid Kenya's competitive season
Amos Odongo of Golf Park has emerged victorious, clinching the inaugural NCBA Masaku Open title in Machakos. He showcased exceptional skill to secure the historic win. Celestine Nsanzuwera of Rwanda emerged victorious at the opening leg of the Sunshine Development Tour, showcasing a dominant performance. Meanwhile, Maahir Patel has claimed the Coast Junior Open Golf title after a strong performance that saw him lead on the final day of the three-day competition.
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Treasury takes over financial and governance oversight roles at the Kenya Seed Company, AFC
Executives in the manufacturing sector pessimistic about economic growth over the next 12 months
Rwanda's Celestine Nsanzuwera climbes to the top at the opening leg of the Sunshine Development Tour
Eldoret City Marathon set for Sunday as organisers confirm readiness and prizes for winners
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