Today is Wed, 15 Jan 2025
Executive Walkway![]()
Madaraka Day, 2024
The President of the Republic of Kenya, H.E William Ruto will preside over the 2024 Madaraka Day celebrations, which will be held at Masinde Muliro Stadium in Bungoma County. The theme for this year’s Madaraka Day is “Focusing on the Agricultural Sector,” highlighting the importance of agriculture and food security. In line with this theme, the Ministry of Agriculture has organised an exhibition from May 27th to 30th at Kibabii University grounds to showcase various agricultural skills. The climax of the exhibition will be a ceremony awarding all the various actors involved in the food system chain, presided by the President. Madaraka Day, observed annually on June 1st, commemorates the day in 1963 when Kenya attained internal self-rule after being a British colony since 1920.
Parliamentary Aisle![]()
Submissions on the Finance Bill, 2024
This Tuesday, May 28th, 2024, marks the deadline for the citizens of Kenya to submit their views on the Finance Bill, 2024. This is a crucial step in the legislation process as feedback from citizens helps shape policies that directly impact the country’s economy and their daily lives. By making submissions, Kenyans can influence tax policies, public spending, and other financial regulations to ensure they are fair and beneficial for all.
Corridors ofJustice![]()
EACC Recommends Charges in Telkom Sale Saga.
Following an investigation into the 2022 government acquisition of Telkom Kenya Ltd. for 6 billion Kenyan shillings, the Ethics and Anti-Corruption Commission (EACC) has called for charges against nine individuals. These include former high-ranking officials from the Treasury Ministry, the Controller of Budget, Telkom Kenya leadership, and an advisor to Helios Investments, the previous owner.
The EACC alleges serious irregularities in the deal. Most notably, the Communication Authority, the body responsible for overseeing telecommunications, reportedly never approved the takeover. Additionally, the investigation has pointed out that the Office of the Attorney General, which typically provides legal advice on such significant transactions, was neither consulted nor did it offer its legal opinion. Finally, the EACC argues that the purchase breached financial regulations concerning unforeseen expenses, suggesting the deal may not have been properly justified.
- Former Cabinet Secretary, National Treasury
- Former Principal Secretary, National Treasury
- Controller of Budget
- Former Director for Public Investments & Portfolio Management
- Chairman, Telkom Kenya
- CEO, Telkom Kenya Ltd.
- CFO, Telkom Kenya Ltd.
- Chief Strategy & Business Officer, Telkom Kenya Ltd.
- Transaction advisor to Helios Investments
This development raises serious questions about the transparency and legality of the Telkom Kenya acquisition. The EACC’s recommendations, if acted upon by the Director of Public Prosecutions, could lead to significant legal proceedings and potentially expose a major corruption scandal.
Talking of Which![]()
GITEX AFRICA Digital Summit
The Gitex Africa Digital Summit is the largest platform for Tech companies and startups to discuss Africa’s digital progress and its path towards a cohesive digital market. Bringing together 33 government delegations from various African nations alongside international tech leaders and regulatory bodies in 2023, the summit fosters crucial dialogues in the tech ecosystem.
In 2024, the summit is expected to assemble innovators, intellectuals, and policymakers and continue to propel Africa’s digital evolution. The aim is to delve into Africa’s digital future, with particular emphasis on policy formulation, connectivity enhancement, and the development of digital cities. By tackling pressing challenges head-on and seizing the abundant opportunities ahead, the summit will endeavour to chart a course for Africa’s digital advancement.
Watch out for![]()
African Banker Awards, 2024
The African Banker Awards are scheduled to take place this week on Tuesday, 28th May, 2024. Since its inception in 2007, the African Banker Awards has recognised the exceptional individuals and organisations driving Africa’s rapidly transforming financial services sector. The Award winners will be announced during a spectacular gala dinner ceremony at JW Marriott – a part of the official programme of The Annual Meetings of the African Development Bank Group. KCB has been nominated as the Bank of the Year. Absa Bank and Standard Bank Groups have been nominated as Sustainable Banks of the Year. The Kenya Development Corporation is among the nominees for Development Finance Institution of the Year, and the Co-operative Bank of Kenya has been nominated for SME Bank of the Year. Additionally, Diamond Trust Bank Kenya has been nominated for the Trade Finance Award.
MovingUp![]()
Max Schiff, CEO Of Lake Turkana Wind Power
Max Schiff has been appointed the CEO of Lake Turkana Wind Power. Before this, he worked at Aggreko as the Head of Sales for Africa and General Manager for Eastern Africa. He has also worked for both power projects and various businesses in various countries in Sub-Saharan Africa where he held various management roles.