Today is Thu, 21 Nov 2024
Executive Walkway![]()
Tough Week Ahead for President Ruto
With the High Court issuing conservatory orders staying the implementation of the Senate’s resolution to impeach Hon. Rigathi Gachagua, legal battles are underway as the President’s nominee, Prof. Kithure Kindiki, seeks to assume the office of the second-in-command. Prof. Kindiki, who was serving as Cabinet Secretary for Interior and National Administration, will leave his position vacant. The Ministry of Gender and Affirmative Action, previously held by former Cabinet Secretary Aisha Jumwa, is also yet to be filled. President Ruto faces significant political decisions regarding the constitution of his cabinet , indicating that a reshuffle is imminent.
Parliamentary Aisle![]()
National Assembly Recess Post-Gachagua Impeachment
The National Assembly will embark on a short recess from this Tuesday, 22nd October to 14th November , 2024, following an eventful past two weeks. This recess comes on the heels of a historic vote in which 282 members impeached former Deputy President Rigathi Gachagua while President Ruto nominated his replacement, Prof. Kithure Kindiki, who was serving as Cabinet Secretary for Interior & National Administration. As the assembly takes a moment to regroup, the echoes of this significant decision will be etched in history books.
Corridors ofJustice![]()
Hon. Rigathi Gachagua’s petition challenging the Senate’s resolution.
This Thursday, Hon. Rigathi Gachagua’s petition challenging the Senate’s resolution to uphold the impeachment charges will be heard before a bench appointed by Chief Justice Martha Koome. The bench will issue appropriate orders and take further action.High Court Judge, Justice Chacha Mwita, who issued conservatory orders halting the implementation of the Senate’s resolution, emphasised that the case holds significant public interest, despite the National Assembly already approving Prof. Kithure Kindiki as Hon. Gachagua’s replacement.
On Tuesday of the same week, a three-judge bench will determine six petitions related to the contested Affordable Housing Act, 2023.Justices Olga Sewe, John Chigiti, and John Mong’are will deliver the judgement on provisions related to the collection of housing levies, including the contested 1.5 percent levy. The petitioners, led by Busia County Senator Okiya Omtatah, argue that the levy was imposed without a feasibility study and that the Commissioner-General of KRA’s responsibilities are limited to KRA’s affairs and cannot extend to collecting the Affordable Housing Levy
Talking of Which![]()
Annual World Bank Group (WBG) and International Monetary Fund (IMF) Meetings.
A Kenyan delegation, led by Cabinet Secretary National Treasury John Mbadi and officials from the Central Bank of Kenya (CBK), will participate in this year’s annual World Bank Group (WBG) and International Monetary Fund (IMF) meetings.The meetings will take place in Washington D.C , United States between Monday 21st October and Saturday,26th October 2024.Key highlights of the event include the Plenary session, Development Committee discussions, and meetings of the International Monetary and Financial Committee. Additionally, the week will feature regional briefings, press conferences, and forums centred on international development, the global economy, and financial markets.
Watch out for![]()
Budget Blueprint on the Horizon
This week, the National Budget Review and Outlook Paper (BROP) will be presented in Parliament, while County Budget Review and Outlook Papers (CBROPs) will be tabled in County Assemblies. These crucial documents, recently approved by the cabinet, outline the financial blueprint for the country’s future. Expect a detailed review of last year’s budget performance, updated economic forecasts (covering inflation, growth, and more), and a preview of how next year’s budget will be allocated across vital sectors such as health and education.
MovingUp![]()
J.P. Morgan Chase Names New Country Manager for Kenya
Sailepu Montet has been appointed as the Country Manager for Kenya by J.P. Morgan Chase .Mr. Montet brings over two decades of banking experience from both the public and private sectors, particularly in financial markets. Prior to joining J.P. Morgan Chase, he was the Deputy Director of Financial Markets and Head of Reserves Management at the Central Bank of Kenya, where he served for three years. Before his tenure at the CBK, Mr.Montet held senior positions at Absa Bank Kenya as Vice President of Capital and Liquidity Management and Head of Capital and Liquidity Management at Barclays Bank Kenya.His academic background includes a Master’s degree in Management and Regulation of Risk from the London School of Economics and a First-Class Honours Bachelor’s degree in Business Economics from the University of Leicester. His appointment comes after J.P. Morgan Chase received approval from the Central Bank of Kenya to establish operations in the country, as part of the bank’s broader strategy to expand its footprint in Sub-Saharan Africa (SSA).