opposition MCAs vow: We will go on with Sonko’s impeachment motion

A section of Senators and members of the Nairobi County Assembly are accusing Sonko of staging theatrics to gain political mileage even in matters he should have handled as governor a long time ago. Governor Sonko has over the past one year, sacked and suspended his county executives and officials in what critics describe as unsettling of county operations. Opposition MCAs in Nairobi have vowed to go on with Governor Mike Sonko’s impeachment motion once the assembly resumes on Tuesday next week. The MCAs are citing the ongoing Pumwani saga over…

Nairobi MCAs dismiss EACC summons, insist Elachi’s fate is done

By Tobby Otum and Erick Ludeya Nairobi Members of County Assembly (MCAs) have dismissed the Ethics and Anti-Corruption Commission (EACC) circular demanding them to appear before it. They insisted that they had not committed any crime by impeaching the county Speaker Beatrice Elachi. The MCAs led by Majority Leader Ibrahim Abdi want the EACC to deal with corruption involving theRuaraka land before engaging itself in other affairs of the county. NASA,Jubilee MCAs team up to kick out Elachi over corruption claims He said the county has lost over Sh 1.5 billion over the Ruaraka land saga yet the…

City residents dismiss petition to dissolve county government

A group of Nairobi residents have come out to oppose a petition to dissolve the Nairobi City County Government. The residents, under the Umbrella of Bunge La Mwananchi lead by their president; Henry Shitanda and Nairobi Chapter National Youth Chairman Edward Githaiga, have termed the petition by Patrick Githinji and Muthurwa residents association as mischievous and unwarranted. The group has submitted its own petition to President Uhuru Kenyatta, outlining to him some of the projects   Governor Mike Sonko has done since taking over office. The group is specifically citing improved…

Governors spearhead realization of Kenya’s blue economy potential

By Abednego Mwikya The bid for full exploitation of the potential of Kenya’s blue economy has gained momentum after county governments vowed to rally behind the agenda. More than 20 governors from counties endowed with blue economy resources said they will be on the forefront in spurring conversations around utilization of water resources in the country with a view to creating job opportunities for unemployed Kenyans and for improvement of the economy. “Going forward, we are going to tackle the challenges that prevent this country from tapping the full potential…

Elachi runs for safety after MCAs storm office to kick her out

Enstranged Nairobi County Assembly Beatrice Elachi was forced to hide in her office strong room, to avoid facing the wrath of irate MCAs who insist she must vacate office. Elachi was impeached on Thursday last week by the city legislators, who accuse her of abuse of office and deliberate sabotage schemes. City Hall to complete new ICU Unit at Mama Lucy Hospital in December Despite having won the hearts of many at the Assembly when she took over, she had to scamper to safety while addressing the media after learning…

UNAIDS and Startimes launch APP for HIV/AIDs prevention among youths

UNAIDS and StarTimes have partnered to create HIV/AIDs awareness among youths in Africa through application of online Mobile videos. The campaign dubbed “Value of new media in Africa, HIV/AIDS Prevention Campaign” the two organizations have agreed to explore technology to spread HIV/AIDS related content. The establishment of partnership UNAIDS and StarTimes is aimed to boost their cooperation in different African countries, aiming to mobilizing all available resources to enhance the awareness of HIV/AIDS in the continent. UNAIDS Executive Director Michel Sidibé said that HIV/AIDS prevention information and knowledge is yet…

Elachi’s court order deemed to have been overtaken by events

By Adieri Mulaa A court order purporting to restrain the Nairobi City County Assembly from impeaching Speaker Beatrice Elachi was overtaken by events. It has now emerged that a prohibitory order issued by the Labour Relations Court on Thursday to block the assembly from debating a Motion on removal of the speaker was served on Friday morning, a day after the business had transacted and the speaker accordingly impeached. A copy of the order which was seen by CEO Africa has stumps indicating it was received by the county assembly…

 Identifying If Your Investment Manager Is Conflicted Could Save You from Financial Ruin

By Edwin Dande, Cytonn Investments CEO Investors in Genghis Capital recently woke up and realized that their billions of shillings are not accessible simply because majority of their cash was invested in Chase Bank, which was owned mostly by the same shareholders who owned Genghis Capital. How do we explain that the management at Genghis Capital decided to invest majority of their clients’ cash in a bank controlled by the shareholders of Genghis? Why didn’t they invest the cash in another bank or at least significantly diversified the investments? http://Also Read: https://www.ceoafrica.co.ke/hospitality-has-the-potential-to-create-significant-economic-growth-in-kenya-and-beyond/…

Interest cap law calls for innovation from housing developers

By Ian-Henderson Superior-Homes-Kenya Managing Director On the face of it, the recent rates cap legislation is good news for borrowers because reduced interest rates will result in lower repayment instalments for loans. The good news is dependent on loans being granted in the first place and, as banks come to terms with the new laws and begin to figure out their impact on business, there is no doubt about one of the key outcomes – for most of us loans will be harder to secure. The reasons for this are clear.…

Trans-Century PLC records 46% reduction in loss before tax

By Barbra Onkoba Trans-Century PLC (‘TC”) has announced a reduction in half year pretax losses from Sh. 1.04 billion to 684.8 million a 46% drop from the same period in 2017. In the latest half year results ended June 30, 2018 the firm noted that the drop in losses was as a result of reduction in operating costs saving 169 million. The gain to curbs the loss demonstrates traction in turning around the Group’s performance as the group reported a 54% gross profit. Trans-Century Group CEO and Managing Director Ngang’a…