Buy Our Writers A Coffee

Subscription Amount. Min £2


NAIROBI, May 23 (Xinhua) -- Kenya is confident that it has put in place strong interventions that have set the country on the path to sustainable economic recovery, the National Treasury said Tuesday in response to the global ratings agency, Moody's downgrade.

Moody on May 12 downgraded Kenya's "long-term foreign currency and local currency issuer ratings and senior unsecured debt ratings from B2 to B3 on rising liquidity risks."

Njuguna Ndung'u, cabinet secretary of the National Treasury and Economic Planning, however, said in a statement issued in Nairobi, the capital of Kenya, that the country's growth prospects remain positive, supported by favorable weather conditions and subsidized fertilizer initiative, which are expected to boost agricultural production and improve food security.

Ndung'u observed that there is continued economic recovery across various sectors due to the easing of the economic impact of the COVID-19 pandemic.

He said this view is corroborated by Kristalina Georgieva, the International Monetary Fund (IMF) managing director, who visited Kenya and noted the strong economic performance in the face of multiple external persistent shocks as well as domestic ones.

"Kenya has moderate debt carrying capacity and its portfolio of public debt is sustainable," the official said.

He added that inflation, which peaked at 9.6 percent in October 2022, at the height of severe drought and commodity shocks in the global market, is down to 7.9 percent in April, and there is the easing of global commodity prices, especially oil and food.

According to Ndung'u, there is a planned pipeline of foreign currency loans from the IMF, World Bank and syndicated loans that will positively impact market liquidity.

He assured that Kenya would not default on the upcoming 2024 Eurobond maturity payments, noting that the government has received more than 300 proposals offering various liability management solutions, as it embarks on effective liability management in the next fiscal year. - Xinhua


Mumias Sugar Company has been ordered to pay Sh12 million to its former Chief Executive Officer (CEO) after the court ruled that he deserved his dues for services rendered.

Justice Stephen Radido of the Employment and Labour Relations Court in Kisumu noted that although the termination of Nashon Aseka’s employment was procedurally fair, it was devoid of substantive fairness for failure by the respondent to justify or prove the reasons.

“The Court also finds that Mumias Sugar was in breach of contract in respect to non-payment of salaries and accrued leave owed to Aseka.

The Court therefore awards Aseka Sh9.6 million in salary arrears, Sh1.2 million in accrued leave days, and Sh1.2 million as compensation, all adding up to Sh12 million. The award will attract interest at court rates from the date of judgment,” ruled Radido on Wednesday.

The award would be a downscaled sum of the Sh25 million plus interests that the former influential manager sought in his court papers, claiming he had been unfairly laid off.

Aseka pleaded in his court papers that were not rebutted that he was unfairly dismissed by the former sugar milling giant before it went under in 2018 and the case went cold as the company was put under receivership. 

Eng Aseka, who also served at the Agriculture and Food Authority and the Kenya Sugar Board, was fired by Mumias on July 9, 2018 for financial mismanagement. 

He would however argue that the sacking defied labour laws as the process leading to it was flawed.

He said that on June 5 of the same year, the company sent him on a 21-day suspension without notice to show cause or any charges against him, or reasons for suspension. 

“The suspension was then extended for a further 14 days when the staff manual provides a mandatory suspension period of not more than 21 days,” he argued in his court papers.

His earlier efforts to block the company from continuing with the disciplinary process that triggered his sacking were dismissed with costs by the same court on September 17, 2018. - Robert Amalemba, The Standard


President William Ruto has defended the three per cent deduction on employees pay for housing schemes, saying this contributes to individual savings towards owning decent houses.

He scoffed at politicians whom he said have blown the issue out of proportion to divert the real meaning of the contribution. He said the government during campaigns promised to bridge the current housing deficit, which stands at two million.

“I want to be clear here, this is not a tax but a collective contribution between the employee and the employer. This is not a new project, we were part of the plan as we campaigned last year to provide decent and affordable housing to our people,” he said.

The President was presiding over the ground-breaking ceremony of Bellevue Park Residences-Affordable Housing project, Nairobi.

Ruto said the housing scheme has been politicised and dubbed taxation, which is not the case.

“This is a situation where you contribute three per cent, as well as your employer, remits the same rate towards your contribution to the scheme,” he said.

He said it is through collective responsibility that the less fortunate can live decently.

“You MPs and MCAs already have your mortgage. Why are you trying to deny the less fortunate their own houses? We must plan for the ordinary man,” Ruto said.

He said the houses which will be constructed by LapFund are targeting 80 per cent of the middle-class market and the high-end population will go at Sh2.5 million.

However, Ruto said the Kenya Kwanza government in partnership with the LapFund will ensure millions of Kenyans living in informal settlements own houses despite their meagre pay.

“We want to ensure we have more homeowners than home renters. The government is going to turn what has been a dream to many into reality. ‘Our aim is to empower these workers such that they will not only be homeowners but also attain the necessary skills to participate at a larger scale in future construction projects,’’ Ruto said.

He said removing tax on construction materials will make possible standardisation of all products to be used.

He noted that the World Bank and the development partners have demonstrated a willingness to offer loans to those who will be interested in buying the units. Ruto said, so far 41 county governments have partnered with the national government to employ the housing scheme, saying so far, a total of 41,000 housing units have been launched.

“We have a pact with 41 counties, which have provided us with 4,000 acres of land to implement the affordable housing units,” Ruto said.

The project will provide direct and indirect jobs to about 5,000 Kenyans. It will also provide business opportunities for all, especially the youth through the supply of materials.

Ruto said the government is working to capacitate and upskill the workers to better position them for future opportunities beyond this project. - Mike Kihaki and Wesley Koech, The Standard

About IEA Media Ltd

Informer East Africa is a UK based diaspora Newspaper. It is a unique platform connecting East Africans at home and abroad through news dissemination. It is a forum to learn together, grow together and get entertained at the same time.

To advertise events or products, get in touch by info [at] informereastafrica [dot] com or call +447957636854.
If you have an issue or a story, get in touch with the editor through editor[at] informereastafrica [dot] com or call +447886544135.

We also accept donations from our supporters. Please click on "donate". Your donations will go along way in supporting the newspaper.

Get in touch

Our Offices

London, UK
+44 7886 544135
editor (@)
Slough, UK
+44 7957 636854
info (@)

Latest News

Dr. Samia Suluhu Hassan, President of the United Republic of Tanzania in Nigeria

Dr. Samia Suluhu Has...

The President is in Nigeria to attend the inauguration ceremony of the new President of the Federal...

MP Hassan: Argument about housing levy is political

MP Hassan: Argument...

Kamukunji MP Yusuf Hassan attending the Kenya Kwanza Parliamentary Group (PG) at State House on May...

Buhari, CJN arrive Eagle Square; all set for Tinubu’s inauguration

Buhari, CJN arrive E...

President Muhammdu Buhari, has arrived at the Eagle Square, Abuja, the nation’s capital for the inau...

Two die of Congo fever in Balkh Central Hospital

Two die of Congo fev...

Two patients died of Congo fever in Abu Ali Sinai Balkhi Hospital in Mazar-e-Sharif city, health off...

For Advertisement

Big Reach

Informer East Africa is one platform for all people. It is a platform where you find so many professionals under one umbrella serving the African communities together.

Very Flexible

We exist to inform you, hear from you and connect you with what is happening around you. We do this professionally and timely as we endeavour to capture all that you should never miss. Informer East Africa is simply news for right now and the future.

Quality News

We only bring to you news that is verified, checked and follows strict journalistic guidelines and standards. We believe in 1. Objective coverage, 2. Impartiality and 3. Fair play.

Banner & Video Ads

A banner & video advertisement from our sponsors will show up every once in a while. It keeps us and our writers coffee replenished.