Rwanda temporarily reopens Gatuna border

Rwanda has temporarily reopened the Gatuna border after shutting it down on February 28. A communiqué by the Rwanda Revenue Authority has indicated the ‘Gatuna border will be open for two weeks allow heavy trucks to cross the border’. The communiqué says the border will be reopened temporarily from June 10 through June 22, 2019. “Reference is made to Rwanda Transport Development Agency (RTDA) letter dated 7th June 2019, which expresses the need to carry out trials for the heavy trucks movement at Gatuna OSBP for a period of two (2)…

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James Mburu, another man from Central Kenya, appointed as KRA Commissioner General

James Mburu Githii has been appointed as the new Commissioner General for a three-year term effective July 1, 2019. He succeeds John Njiraini, whose exit has been marred by controversies. In a gazette notice dated June 6, Treasury CS Henry Rotich confirmed the appointment of Githii for a three-year period effective from July 1, 2019. Until his appointment, Mburu was serving as the KRA’s commissioner for Intelligence and Strategic Operations since April 2017. Newly appointed KRA Commissioner General James Mburu Githii / COURTESY  He was head of investigations between December…

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Uhuru reappoints CBK governor Patrick Njoroge, chairman Nyaoga and deputy M’Mbijjewe

President Uhuru Kenyatta has reappointed Central Bank Governor Patrick Njoroge for a second four-year term. Also reappointed are chairman Mohammed Nyaoga, and deputy governor Sheila M’Mbijjewe. Through a special Gazette notice dated May 24, Uhuru extended their tenure with effect from June 18. They were appointed in June 2015. MPs in March threatened to have the CBK boss ousted, over the publication of banking regulation. The legislators claimed his failure to publish the regulations, which prescribe customer deposits and withdrawals as provided for in the Banking Act after amendments to…

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New Twists on New Currency Notes

The Barriers Facing Implementation of New Currency Notes in Kenya June 1st serves as a prominent day in the Kenyan calendar. 56 years ago, the country attained means of self-rule from Britain. The country now had a Prime Minister and plans to reconstruct its governance structures began, in earnest. However, this year’s edition of Madaraka Day celebrations went beyond the usual itinerary. The government, through Central Bank of Kenya (CBK), announced a directive to introduce new currency notes. CBK also announced plans to phase Kshs. 1000 notes. While such a…

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AfCFTA is now officially a binding agreement

It is now official. The African Continental Free Trade Area (AfCFTA) agreement entered into force on May 30. This is after the required number of ratifications were deposited and this means the deal is now a binding international legal instrument. Africa Union Commissioner for Trade and Industry tweeted, ‘Historic milestone! #AfCFTA Agreement has today come into force. We celebrate the triumph of bold, pragmatic & continent-wide commitment 2 economic integration. We launch market on 7 July, 2019 & begin the journey of transformation 2 secure inclusive prosperity. Ambassador Albert Muchanga,…

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Israeli firm paid bribes for lucrative contracts in Kenya, evidence shows

There is enough evidence to prove an Israeli construction company bribed Kenyan officials to get lucrative contracts. This is according to police and the Israel Securities Authority (ISA) who said they had completed the investigation that started in February last year and would send the findings to the prosecutor. Shikun & Binui and its units reportedly transferred bribery payments to civil servants in various African countries, especially in Kenya, “with the aim of increasing the company’s profits”. According to Business Daily newspaper, the Israeli construction group through its foreign subsidiary…

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Did Njiraini plan arrest of KRA staff to stay longer?

Could Kenya Revenue Authority Commissioner General John Njiraini have stage-managed staff arrests to remain in office? The Daily Nation on Thursday reported that KRA had “recalled from retirement to ‘manage the crisis’ after the agency was rocked by one of the biggest corruption purges to hit a State corporation in the country”. Njiraini was to vacate office at the end of June, but had already proceeded for his terminal leave. According to sources, some KRA employees are accusing Njiraini of orchestrating the crackdown that has so far seen more than…

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IGAD states sign Kampala-Juba-Addis-Djibouti Corridor implementation deal

Djibouti, Ethiopia, South Sudan and Uganda on May 15 signed an MoU on the implementation of the Kampala-Juba-Addis-Djibouti Corridor. The signing ceremony happened during the closing of the Steering Committee meeting in Nairobi in presence of IGAD Executive Secretary Amb. Mahboub Maalim and Africa Development Bank representatives.   According to the AfDB, the proposed road corridor was identified during the TRIPARTITE and IGAD Infrastructure Investment Conference.   It is in line with the objectives of the Almaty Action Programme of the United Nations for landlocked countries, the regional integration initiatives…

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Uhuru off to Rwanda for Transform Africa Summit of the Smart Africa Initiative

After days of going AWOL, President Uhuru Kenya will starting Wednesday be in Rwanda for a one-day official visit.   Presidential Strategic Communication Unit said the President is scheduled to attend and address the 2019 Transform Africa Summit of the Smart Africa Initiative.   According to the event’s website, the Summit is expected to attract over 4,000 participants, including Heads of State and Government, First Ladies, UN Broadband Commissioners, Ministers, Regulators, Mayors and Governors, Public and Private Sector, International Organizations, Industry Leaders, Investors, Entrepreneurs, Young Innovators, Civil Society and Academia.  …

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Ecobank CEO Retires

Samuel Ashitey Adjei, MD of Ecobank Kenya and Regional Executive of Central, Eastern and Southern Africa has retired after almost three decades. Cheick Travaly, the current Regional Chief Operating Officer for Central, Eastern and Southern Africa has been appointed as the successor. This, however, will be subject to regulatory approval. Adjei, who is also on the Ecobank Group Management Committee, recently played a leading role in driving Ecobank Group’s partnership agreement with the International Federation of Red Cross and Red Crescent Societies. His previous roles at Ecobank have included MD…

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