These Bluechip firms have a significant foreign shareholding and thus the dividend repatriation will mop out even more dollars out of the economy.
Category: Economy
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Ruto Wants to be President for Life, Says Oparanya
Former Kakamega governor Wycliffe Oparanya has told Kenyans to be wary of President Ruto's overtues as they are a pointer that he wants to be president for life.
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A sigh of relief for Kenyans as duty free Cooking Oil, Sugar and Rice arrive at Mombasa port but no Maize
So far, sugar, cooking oil and rice have arrived even as Kenyans will continue waiting for the arrival of maize, which is the staple food for most Kenyans.
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President Ruto goes for syndicated loan to plug budget deficit
The National treasury is seeking to get more funds so as to cover for the deficit in the current budget. The government seeks to get a 76.8 billion syndicated loan whereby four banks have been approached over the same.
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Tanzanian Tycoon promises cheap gas after setting up Plant in Kenya
With the Tanzanian Billionaire Rostam Aziz constructing his 30,000-tonne facility to handle gas, it will pit him against Mombasa Tycoon Mohamed Jaffer whose 25,000 Tonne facility already handles 90 percent of the gas in the Kenyan Market.
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The economy is now stable- President Ruto
Dr Ruto took his time to respond to Azimio leader Raila Odinga over the state of the economy. The Azimio supremo has made it his theme in the numerous anti-government rallies where he accuses Ruto of making the cost of living high.
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Eric Omondi released on 10k cash bail together with fellow protesters
Comedian Eric Omondi was arraigned at milimani law courts on Wednesday morning where he was charged with unlawful assembly and public nuisance.
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Ruto and Gachagua Spent 450 million more than budgeted for the year within 7 months
The office of the President together with that of his Deputy has spent 450 million more money than what had been allocated for use within the financial year. This was done in 7 months.
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Comedian Eric Omondi arrested whilst leading protests against the high cost of living
Mr Omondi led a group of heavily built youths who carried placards written " Tax Juu!" "Unga Juu" and "Mafuta Juu" which translate to "High Taxes" , "Flour High", and "Fuel High" respectively.
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Hustler Fund Uptake crosses the 19 billion mark- CS Chelugui
The kitty was created by the Kenya Kwanza administration as one of the pillars to buttress the 'Bottom Up' agenda that was touted by President Ruto as a means to uplift small scale traders by availing cheap credit to them.