Executive Walkway

EXECUTIVE BUZZ

The President is set to host Africa’s head of states in Nairobi for the International Development Association (IDA21) for Africa Heads of States Summit which will run from the 28th to 29th April, 2024 at the Kenya International Convention Centre (KICC). The two days’ Summit in collaboration with the World Bank aims to support an ambitious and robust 21st Replenishment of the Resources of the International Development Association (IDA21), that will support the continent tackle development challenges and pursue its priorities in a sustainable manner creating prosperous, inclusive and sustainable African economies.

On Tuesday 30th, 2024, the President will convene a crucial meeting with Governors from flood affected counties, regional commissioners, and the multi-agency response team. The gathering aims to address the pressing challenges posed by the floods and strategise on effective response measures.

On Wednesday 1st May, 2024, Kenya will commemorate the Labour Day with a ceremony graced by the President.

Parliamentary Aisle

LEGISLATIVE LANE

This week, anticipation is high as the Treasury is expected to release the draft Finance Bill, 2024. The Bill sets out the government’s revenue raising measures as it seeks to fund its ambitious budget. The Draft Bill is a key cog of the budget-cycle wheel and will definitely elicit discussions and debates on its potential impact and implications for the nation.

Corridors ofJustice

JUSTICE JAUNT

The DPP has issued a notice to former Kenya Navy Officers that are yet to submit themselves to the High Court at Mombasa for the rehearing of their appeals to do so or risk being re-arrested, or the appeals being reheard in their absence to their detriment. The said officers had been convicted by the Court martial for the offence of Desertion of Duty. This follows the overturning by the Court of Appeal at Mombasa over the High Court’s judgment delivered in 2015. The High Court had in its said judgement set aside the officers’ conviction for the more serious offence of Desertion from the KDF, and substituted the same with the lesser offence of Absence without Leave, and accordingly reduced each of their prison terms from life imprisonment to 2 years. The matter is set to be reheard on 30th April, 2024.

Talking of Which

CATCH THIS

The Treasury is this month expected to introduce a second supplementary budget covering the financial year ending in June, which may have a lower fiscal deficit target. Consequently, the CBK has been emboldened to pronounce a peak in domestic interest rates on government securities, with the apex bank now expecting the rates to gradually recede.

Watch out for

Watch Out For

Potential declaration on the increment of the country’s minimum wage, as President Ruto is expected to lead the country this Wednesday in the Labor Day celebrations.

MovingUp

Ms. Waithera Mwai has been appointed as the Head of Communications at East African Breweries PLC where she previously served as the Sustainability and Stakeholder Engagement Manager. She previously served as a member of the Governance, Integrity and Compliance Committee at the Public Relations Society of Kenya. Ms Mwai also served at the Nairobi Securities Exchange for ten years where she started out as a Communications Officer then advanced to Investor Relations and Communications Manager, then Senior Manager of Corporate Affairs, then Senior Manager of Corporate Affairs and Sustainability. She has also worked at Royal Media Services as a Business Executive and Tasly Kenya Limited as an Assistant Marketing Manager.

Playbook

29th April 2024