Today is Wed, 15 Jan 2025
Executive Walkway![]()
Conferment of City Status to Eldoret.
This week holds a flurry of activities for Eldoret town as President William Ruto is set to confer the town to city status on Thursday, 8th August 2024. Being the 5th City, this milestone is likely to present a wealth of opportunities as city status attracts investments, infrastructure development, and a surge of opportunities.
Protests planned for August 8.
Dubbed #NaneNane, drawing from the #SabaSaba demos, the protests expressing discontent against the government are planned for this week. Proponents of the protest continue to insist that these protests will continue as they express discontent with the government, its policies and approach to governance.
Parliamentary Aisle![]()
The Division of Revenue (Amendment) Bill up for Second Reading
The Budget and Appropriations Committee fronted amendments to the Division of Revenue Act, 2024 will be up for Second Reading this week. The Bill, seeking to effect the reduction in revenue targets, following the withdrawal of the Finance Bill, 2024.
Important to note is that the shareable revenue for County governments will reduce from Kshs. 400.12 billion to 380.00 billion, while the National Government will reduce from 2,540.15 billion to Kshs. 2,214.27 billion.
Corridors ofJustice![]()
Finance Act, 2023 battle moves to the Supreme Court
The National Treasury has filed an urgent application at the Supreme Court seeking to stay the ruling by the Court of Appeal declaring the entire Finance Act, 2023 unconstitutional. The National Treasury contends that the decision by the Court of Appeal is untenable and presents a challenge in running the affairs of the government if upheld.
It is further the contention of the National Treasury that the Court of Appeal judgment will result in budgetary deficits, particularly eroding the KSh. 164 billion worth of revenue already factored in the 2024/25 budgetary allocation.
Talking of Which![]()
AU’s Specialized Technical Committee (STC) on Health, Nutrition, Population, and Drug Control Biennial Meeting
The Specialized Technical Committee (STC) on Health, Nutrition, Population, and Drug Control (STC-HNPDC-5) is a key organ of the African Union, established by the AU Assembly in 2009. This committee, composed of relevant Ministers and experts, meets biennially to review progress on AU decisions, provide policy guidance, and adopt important reports and recommendations.
The upcoming meeting will take place from 5th to 7th August, at the AU Commission Headquarters in Addis Ababa. The meeting will focus on advancing health, nutrition, population management, drug control, and crime prevention to improve Africa’s socio-economic well-being. Participants will include AU member states’ Ministers, AU organs, and international organizations, with updates available on social media under the hashtag #STCHPDC5.
Watch out for![]()
Vetting of Cabinet Secretaries and reshuffle of Permanent Secretaries
The Committee on Appointments is currently vetting nominated Cabinet Secretaries and will give a report on the same next week on 6th August 2024. The president has said that once the cabinet is in place, Permanent Secretaries will consider making changes to the permanent secretaries. The expectation is that the committee will heaven uphill task explaining itself if it approves some nominees like former Kakamega Governor, Wycliffe Oparanya who has a corruption case and whose nomination has sparked a row between the office of the Director of Public Prosecution(ODPP) and the Ethics and Anti Corruption Committee (EACC). The ODPP withdrew the case against the governor while the EACC held ground asking the National assembly not to approve his nomination.
MovingUp![]()
Head of Fintech, EcoBank.
Mr Charles Kinyanjui has been appointed as the new Head of Fintech at Ecobank. Before this role, he was with the National Bank of Kenya (NBK), serving as the Head of New Ventures and Fintech Development from February 2022 to August 2024, and briefly as Acting Head of Transactional Business Products and Services (Wholesale Banking). Prior to NBK, Charles was the Head of Digital Integration & E-Commerce at the Co-operative Bank of Kenya.
His earlier career includes significant roles at Equity Bank Limited, SEMA Mobile Services Limited, and Safaricom PLC, where he honed his expertise in product development, digital solutions, and managed services. Additionally, Charles gained experience at Internet Solutions Kenya and AccessKenya Group Ltd. He began his career as a Sales Advisor at Swift Global Kenya Ltd, focusing on client consulting and sales strategy.
Charles holds a Bachelor of Science degree in Information Technology from Jomo Kenyatta University of Agriculture and Technology (JKUAT), providing him with a solid educational foundation.