Queries emerge over Kenya’s Haiti mission; What Kenyan Banks Are Being Forced to do Because of Ruto’s Too Much Loan Demands & Kalonzo Musyoka, Hassan Omar Heated Exchange During Bipartisan Talks

Good morning,

The ruling Kenya Kwanza alliance has proposed the establishment of ward development fund to empower Members of County Assembly to deliver on their promises.

The fund, Kenya Kwanza told National Dialogue Committee in Bomas of Kenya, will enable MCAs to fulfill promises and pledges they made during their campaigns.

“These fund will achieve equalization across the country and can be a solution to the marginalized communities in the country now agitating for cessation,” said United Democratic Alliance (UDA) Secretary General Cleophas Malalah.

The former Kakamega Senator said that County Assembly is the incubation stage for future leaders aiming to climb the political ladder adding that besides the ward development fund, there should be a Ward equalisation fund to be implemented at the county level.

What do you think of this new proposal by Kenya Kwanza in the ongoing Bomas bipartisan talks?

Meanwhile, here are news stories making headlines on Opera News today;

“You’ll Never Be Governor, You’ll Never Be President”: Kalonzo Musyoka, Hassan Omar in War of Words

The National Dialogue Committee (NADCO) sessions have continued to uncover the underbellies of politicians as they receive memoranda from various groups at the Bomas of Kenya.

Hassan Omar, who is part of the Kenya Kwanza team, has been constantly engaged in verbal scuffles with those from the Azimio La Umoja side.

The East African Legislative Assembly (EALA) legislator is on record exchanging with embattled Jubilee secretary-general Jeremiah Kioni before later taking on the DAP-K party leader Eugene Wamalwa.

What Kenyan Banks Are Being Forced to do Because of Ruto’s Too Much Loan Demands

The Kenya Kwanza’s borrowing spree is now affecting bank account holders, who are now having to pay more in loan interests.

The Standard reports that banks are steeply increasing the cost of loans, with interest rates expected to pass the 20 per cent mark.

The paper has established that among the reasons behind this is increased borrowing by the President William Ruto administration.

This is because intense borrowing from local lenders is forcing interest rates higher and dampening loan demand by those in the private sector.

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Queries emerge over Kenya’s Haiti mission

The United Nations (UN) Security Council has adopted a resolution authorising the one-year deployment of a non-UN multinational force, led by Kenya to Haiti to combat gangs and restore security amid tough questions on the mission’s role, mandate and strategy.

Both Russia and China abstained from voting, saying the decision was rushed. They also raised questions over the rules of engagement and exit strategy.

Opposition from the two superpowers came amid growing concerns that the Haitian armed gangs are committing acts of extreme violence and human rights abuses, and that just using an international force to secure critical infrastructure would not work.

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