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Economy

Tougher times ahead as petrol prices hit Sh217

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The Energy and Petroleum Regulatory Authority (EPRA) has announced an increase in the maximum retail price of Super Petrol by Sh5.72 per litre for the October 15 to November 14, 2023 pricing cycle.

The price of diesel and kerosene have increased by Sh4.48 and Sh2.45 to retail at Sh205.47 and 205.06 respectively, in Nairobi.

“The prices are inclusive of the 16% Value Added Tax (VAT) in line with the provisions of the Finance Act 2023, the Tax Laws (Amendment) Act 2020 and the revised rates for excise duty adjusted for inflation as per Legal Notice No. 194 of 2020,” Epra Director General Daniel Kiptoo said.

“There has been a higher demand for fuel going into winter. We decided as a cabinet to come in and cushion Kenyans by subsidising production. Yesterday the Cabinet agreed to use the petroleum development levy to support Kenyans. There has been an increase of about nine percent from September in fuel prices.”

Fuel prices hit historic highs last month after the state introduced an additional eight percent value-added tax (VAT) to 16 percent, pushing commodity prices to historic highs.

The EPRA’s decision to increase fuel prices is attributed to fluctuations in global oil prices and other factors influencing the energy market.

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Economy

Kenya, Ghana secure Ksh1.5B from US to improve soil quality

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The US Department of State has granted Ksh1.5 billion to Kenya and Ghana to improve the condition of their soil.

This cash infusion arrives just hours after Kenya’s agriculture sector was intended to be strengthened and its health system modernized with a Ksh38.8 billion acquisition from India.

The Food and Agriculture Organization of the United Nations (FAO) said in a statement that the money that has been given to both nations is intended to be used for mapping soil fertility.

“The Food and Agriculture Organization of the United Nations (FAO) has welcomed the announcement of an additional $10 million from the United States Department of State for projects mapping soil fertility in Ghana and Kenya to promote climate-smart agriculture and adaptation measures, resilient crops, fertilizer use efficiency, and soil health,” FAO stated.

FAO Deputy Director-General, Maria Helena Semedo, said the financial support is expected to have a far-reaching impact on local farmers and communities.

“Not only will the additional funding from the United States bring the benefits of this project to smallholder farmers and their communities in two more countries, but it also underlines the vital role that healthy and fertile soils play in building resilience to the impacts of climate change and in transforming our agrifood systems,” Semedo stated.

Kenya was promised Ksh38.3 billion by Indian Prime Minister Narendra Modi to support its modern health system and agriculture industry.

The money set aside for modernizing Kenyan farming methods will be mostly used for healthcare treatments and agricultural mechanization.

Hussein Mohamed, the spokeswoman at the State House, shared a statement from President William Ruto thanking him for the support.

Ruto promised to quickly start implementing previously decided projects in order to make the best use of the funding.

“I thank you, Prime Minister, for the consideration of the US$250 million for supporting Kenya in the space of agricultural mechanization and the whole space of vaccines and other interventions. I want to assure you that we will immediately embark on programs that have already been agreed on so that we can leverage this facility to provide much-needed services for the people of Kenya,” Ruto affirmed.

 

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Economy

Dress down: Felix Koskei injects style into civil service

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Head of Public Service, Felix Koskei, has issued a groundbreaking directive urging civil servants to ditch the typical formal attire in favor of a more casual and stylish dress code.

The move comes as Kenya prepares to host the Africa YouthConnekt Summit from December 8-11, aiming to inject vibrancy and inclusivity into the workplace.

The goal of the directive is to revitalize the formal dress code and promote a more laid-back and welcoming environment in the public sector during this time.

This creative program asks civil personnel to wear the jerseys of their favorite Kenyan or African sports teams as a way to show off their patriotism.

The directive seeks to foster unity and celebrate the quality of African sports, whether it is in athletics, football, volleyball, rugby, or Shujaa for lovers of each sport.

The directive intends to foster togetherness and celebrate the quality of African sports, whether it is in athletics, football, volleyball, rugby, or Shujaa for passionate followers of football, basketball, or malkia for volleyball.

“Starting tomorrow until Jamhuri Day (December 12), let’s embrace dress down, stylish, and presentable casual wear, amplifying the Africa YouthConnekt Summit vibes that we’re proudly hosting from Dec. 8-11. Show your spirit by donning a jersey from your favorite Kenyan or African team – whether it’s Athletics, Harambee Stars, Shujaa, or Malkia. Let’s rock those jerseys with pride! @YouthConnektAf,” Mr. Koskei tweeted.

The Head of Public Service emphasized that attire will play a key role in expressing the collective spirit, urging civil servants to “show your spirit by donning a jersey from your favorite Kenyan or African team – whether it’s Athletics, Harambee Stars, Shujaa, or Malkia.”

Kenya will mark its 60th anniversary on December 12, and the celebration theme, “Kenya, Youth, Creative Economy, and Sports,” is set to infuse energy into the country.

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County News

MPs decry delay of Mt Kenya projects

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Two Members of the Parliament from the Mt Kenya region have raised concern over the delay in the completion of the Mau Mau link road.

Kangema MP Peter Kihungi and his Juja counterpart George Koimburi on Sunday asked Treasury to release funds for the completion of the road that links Murang’a, Kiambu, Nyeri and Nyandarua counties.

They said that in the recent supplementary budget, the amount allocated to the road was slashed from Sh280 million to Sh175 million.

They said the Jubilee administration had allocated the project Sh4.5 billion and substantial work had been done on the ground. Kihungi said road is of immense economic importance to the local community and the country. “Residents are very much concerned about the progress of the road.

The construction during the previous government was going on well and we are worried since in the current budget Sh280 million was allocated but when it came to the supplementary budget the money was cut by more than half to Sh175 million which can hardly do much,” said Kihungi. Koimburi (pictured) said they promised their people that the Mau Mau Road would be completed once the Kenya Kwanza government assumed office.

“We want to ask the Transport CS Kipchumba Murkomen to ensure money is allocated for roads being done in Mt Kenya. Residents are eagerly waiting for completion of these roads which are expected to spur the local economy,” he said

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