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Yatani picks team to lead Nairobi financial hub by ALLAN KISIA It will provide policy direction on the execution of the Capital Markets plan Kenya is moving closer to establishing its international financial centre with the National Treasury appointing a capital markets task force. Although the country set up Nairobi International Financial Centre amid opposition from civil societies in 2017, the implementation has been slow. On Friday, Treasury CS Ukur Yatani appointed a steering committee to be known as the Capital Markets Master Plan Implementation Steering Committee (CMMISC) . The committee will take overall responsibility for oversight in the implementation of the Kenya Capital Markets Master Plan and facilitating its alignment with the establishment of Kenya as the heart of Capital Markets financing and investment in Africa and Nairobi as an International Financial Centre. ....
Concerns over president, Speaker and CJ coming from Mt Kenya POLITICS The assumption of office of Chief Justice Martha Koome has completed the triumvirate leadership of the three arms of government; the Executive, the Legislature and the Judiciary raising concerns about regional balance and the face of Kenya in running the country. Often viewed as a taboo topic, ethnic balkanisation for political gain remains Kenya’s biggest bane. Political exclusion and subsequent marginalisation have been attributed to past election disputes and are the substratum of fragile stability. One key requirement of the 2010 Constitution is for the President to table a report before Parliament yearly, on three issues during his State of the Nation Address is regional balance. According to Article 132 on the functions of the President, he is obligated to address a special sitting of Parliament annually. ....