Vellum Weekly


February 24, 2024

Finger on the Pulse.

  President William Ruto chaired a three-day retreat for his Cabinet and senior government officials in Naivasha, Nakuru County, to review the past year’s performance amid immense pressure to fulfil key campaign promises. Governors put up a spirited fight for Sh450 billion, as opposed to

February 24, 2024

Trade and Financial Services Round-Up.

KENYA World Bank, IMF charging Kenya 14.5pc interest — CoB Controller of Budget Margaret Nyakang’o has flagged the cost of concessional loans taken up by the government over the years from lenders such as the International Monetary Fund (IMF) and the World Bank, saying they

February 24, 2024

Political and Regulatory Round-Up.

KENYA Ruto plans more taxes Plans by President William Ruto’s administration to introduce additional taxes to raise more revenue have kicked up a storm. The 2024 Budget Policy Statement (BPS), which is currently before Parliament, contains proposals that seek to boost revenue collection by expanding

February 24, 2024

Member states review proposed amendments to the International Health Regulations, equity discussions continue

WHO Member States have continued discussions on proposals to amend the International Health Regulations (IHR, 2005), during which the importance of their work to future global security was highlighted.   The seventh meeting of the Working Group on Amendments to the IHR (WGIHR) was held on 5-9 February

February 24, 2024

ESG Integration: A game-changer in investment strategies for resilient, sustainable returns

In recent years, Environmental, Social, and Governance (ESG) considerations have emerged as critical factors reshaping the investment landscape. Investors are increasingly recognising that sustainable business practices, ethical conduct, and responsible governance are not only beneficial for society and the environment but also essential for long-term

February 24, 2024

The power of fairness: The currency for success in corporate culture and economic transaction.

Fairness is a fundamental aspect of human behaviour that goes beyond simple transactional interactions. From psychological experiments to legal rulings and corporate governance, the concept of fairness influences decision-making in various spheres of life, including corporate. Fairness plays a crucial role not only in personal

February 24, 2024

2024 Medium-Term Debt Management Strategy analysis

The Medium-Term Debt Management Strategy (MTDS) is an annual policy document written by the National Treasury to guide government borrowing and debt management. The 2024 document prepared in January 2024 has figures up to June 2023, while the Second Quarterly Economic and Budget Review (QEBR)

February 24, 2024

Navigating the complexities of encryption: Striking the balance between privacy and security in the digital age

In an increasingly digital world, the protection of privacy and the maintenance of security have become paramount concerns. The passage of the UK Online Safety Act highlights the ongoing struggle to strike a balance between combating illegal online activities and safeguarding individual freedoms. The UK

February 24, 2024

The making of a national budget: Kenya’s budget cycle timeline

Kenya’s financial cycle relies on the budget process, which begins with the budget-making process. The budget process is guided by the budget calendar issued by the National Treasury and Economic Planning ministry, which stipulates timelines for several key activities to be undertaken to finalise the

February 24, 2024

Kenya’s fiscal landscape: A Review of the 2024 Budget Policy Statement and its implications on businesses

Background The Budget Policy Statement (BPS) is a government policy document that sets out the broad strategic priorities and policy goals to guide the National Government and County Governments in preparing their budgets for the subsequent financial year and over the medium term. This is