Uhuru considering Biwott’s daughter to replace Rotich; Bankers urge public to replace Sh 1000 notes early; Headteachers stern warning to treasury

Good Morning from the Opera News desk,

Isn’t it funny how one can fall from grace to grass in a few hours, just like CS Henry Rotich? His photo and that of CS Thugge on the dock is quite humbling. Esther Koimett, Nicholas Biwott’s daughter, is on forefront of candidates likely to replace Rotich at the Treasury.

In other news, have you changed your bank notes? The Kenya Bankers Association is issuing a strong reminder ahead of the October 1 deadline. And also, there is a pending crisis in the education sector. When are we going to stop working in a crisis mode in this country?

Here are stories making headlines this morning.

Uhuru considering Koimett as Treasury Head

REPLACEMENT? Transport PS Esther Koimet and Kenya Airways CEO Sebastian Mikosz before the Transport committee yesterday. Image: JACK OWUOR

Esther Koimett, Principal Secretary in the State Department for Transport, last night was being considered as a long-term replacement for disgraced National Treasury Cabinet Secretary Henry Rotich.

Because the new the Finance boss will have to be vetted by Parliament, State House was reportedly considering naming either Transport CS James Macharia or his East African Community and Regional Development colleague Adan Mohamed as acting CS.

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Bankers Association warns of last-minute rush to change Bank Notes 

KBA CEO Habil Olaka and research and policy director Jared Osoro during the release of the Association’s House Price Index. Image: COURTESY

The Bankers Association of Kenya is now urging the public to replace their Sh1,000 old generation notes now and not wait until the last minute rush in October.  This is despite indocations that there was a delay in processing the new notes.

The association said its members should be cautious during transactions to stop any attempts to launder illicit funds through the banking system.

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Principals issue warning on cash flow

Kenya Secondary Schools’ Heads Association (Kessha) chairman Kahi Indimuli (second right) and other Kessha officials address the media yesterday. [Elvis Ogina, Standard]
Secondary schools heads have issued a warning that their institutions could be headed for a financial crisis that could affect the purchase of examination materials next term and consequently the National Examinations.

The association said its members should be cautious during transactions to stop any attempts to launder illicit funds through the banking system.

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Last week, billionaire Manu Chandaria formalized his marriage to wife of 64 years in a low-key event that cost Ksh 3900, which came as a shock to many. Bonfire Adventures MD Sarah Kabu detested Chandaria’s move claiming it was a bad example that has led to young couples seeking assistance for weddings to be mocked.

Are weddings overrated? Should we continue contributing towards friends flashy weddings? Lets have the discussions in the comments section.

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