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Govt Unveils Crude Oil Transport Plan and Dam Projects; CBK Cuts Lending Rate to 8.75%
The Ministry of Roads and Transport has confirmed that Kenya's road network is prepared to transport crude oil from the South Lokichar Basin to the coast. In another national initiative, President William Ruto announced plans to construct at least 10 dams in Northern Kenya aimed at enhancing irrigation and improving food security. To stimulate the economy, the Central Bank of Kenya (CBK) has reduced its benchmark lending rate to 8.75% in a move aimed at stimulating credit growth. Concurrently, traders in Kenya are advocating for significant amendments to the proposed Trade Bill. They are specifically targeting clauses that permit counties to impose trade barriers.
Governor Sakaja Seeks National Govt Help for Services While Denying Ceding Control
Nairobi Governor Johnson Sakaja has requested assistance from President William Ruto to improve waste management, water supply, and road services, while emphasizing that Nairobi County will maintain control. Sakaja has also refuted claims of ceding county control to the national government, stating his administration is merely collaborating to improve services. He highlighted the lasting negative impact of the previous Nairobi Metropolitan Services (NMS) experiment on the county. In a separate development within the county, State House Day Pre-School head teacher Mary Saburi was transferred for allegedly opposing the Dishi na County school feeding program. The county asserts her refusal to comply with a disciplinary directive led to the transfer.
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