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Investors inject Sh181.4Billion into three-month treasury bills
Investors have injected a staggering Sh181.4 billion into three-month Treasury bills over the past 10 weeks, presenting a short-term debt challenge for the National Treasury. The Controller of Budget has issued warnings regarding Kenya's increasing public debt, highlighting its detrimental impact on development funding. Separately, the Controller of Budget wants Public Finance Law amended over rising debt concerns. Kenya Re bosses have also opposed a petition seeking their removal, with the petition alleging serious misconduct including intimidation and financial impropriety.
Kenya seeks regional consensus to host East Africa oil refinery
Kenya is actively seeking regional consensus to host an East Africa oil refinery. This initiative, led by Deputy President Kithure Kindiki, aims to bolster energy security and foster economic growth across the region. Over 175 million people across Africa are currently experiencing severe food insecurity, with Kenya being one of the most affected nations. Global funding cuts pose a significant threat to the ongoing fight against HIV/AIDS, impacting crucial prevention and testing efforts.
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