Nairobi Senator Edwin Sifuna mounted a fierce and unequivocal defence of his tenure Thursday, publicly rejecting his removal as Secretary General of the Orange Democratic Movement as illegal, unconstitutional and a crude extension of President William Ruto’s creeping influence over Kenya’s main opposition party. In a detailed written statement released a day after a faction…
A sharp political rupture has cracked open inside Kenya’s Orange Democratic Movement after Embakasi East Member of Parliament Babu Owino issued a combative declaration Thursday, warning that the party’s decision to remove Nairobi Senator Edwin Sifuna as Secretary General amounts to a violation of the ODM constitution and will not go unchallenged. Speaking before journalists…
Kenya’s Central Bank on Tuesday raised Ksh100.5 billion in a heavily oversubscribed treasury bond auction, as investors rushed to lock in double-digit returns on two reopened long-dated government securities, underscoring robust appetite for Kenyan sovereign debt amid an evolving monetary policy environment. The Central Bank of Kenya (CBK) had advertised a target of Ksh50 billion…
Kenya’s Treasury is preparing to offer the struggling national carrier Kenya Airways to international investors in a landmark deal valued at up to Sh258 billion ($2 billion), marking the government’s latest attempt to rescue the debt-laden airline from years of financial turmoil.Treasury Cabinet Secretary John Mbadi announced Wednesday that an international expression of interest will…
The Kenyan government’s decision to divest a majority stake in Kenya Pipeline Company represents one of East Africa’s most significant infrastructure privatization initiatives in recent years, offering retail and institutional investors unprecedented access to a critical energy transportation asset. Under the initial public offering scheduled to close Feb. 19, 2026, the government will release 65%…
Kenya’s Orange Democratic Movement ousted its Secretary General Edwin Sifuna on Wednesday, citing concerns over conduct and discipline within the opposition party’s leadership as it prepares for the 2027 general elections.The decision came during a National Executive Committee meeting in the coastal city of Mombasa, where party officials voted to remove Sifuna with immediate effect,…
Africa’s leading e-commerce platform Jumia Technologies is charting a course toward profitability while defending its market position against Chinese competitors, executives said Wednesday. The Lagos-based retailer expects to achieve breakeven in the fourth quarter of 2026 and deliver its first annual profit in 2027, a significant milestone after years of restructuring. Narrowing losses signal turnaround…
A self-proclaimed Kenyan preacher at the center of one of the world’s deadliest cult tragedies now faces additional charges linked to 52 more deaths, prosecutors announced Wednesday, deepening a case that has shocked the East African nation and raised urgent questions about religious oversight. Paul Mackenzie and seven co-defendants were charged with organized criminal activity,…
Zimbabwe’s cabinet approved sweeping constitutional amendments Tuesday that would extend presidential terms from five to seven years and fundamentally alter how the nation selects its leader, clearing a path for 83-year-old President Emmerson Mnangagwa to remain in power until 2030. The draft legislation, which Justice Minister Ziyambi Ziyambi presented to journalists following the cabinet meeting,…
Somalia signed a military cooperation agreement with Saudi Arabia on Monday, marking the second such defense pact in recent weeks as Mogadishu intensifies diplomatic efforts to counter Israel’s unprecedented recognition of the breakaway region of Somaliland. The memorandum of understanding was sealed between Somali Defense Minister Ahmed Moallim Fiqi and Saudi counterpart Prince Khalid bin…
