In June 2019, the Central Bank of Kenya (CBK) announced that it would be phasing out the current generation KES 1,000 note by 1st October 2019. On that date, it will cease to be legal tender. This is in an effort to curb illicit financial transactions, including money laundering; address … READ MORE
According to Ethics and Anti-Corruption Commission (EACC) and National Treasury reports in 2016, it was estimated that a third of Kenya’s national budget was lost through corrupt dealings annually. That would mean that in 2018/19, we can reasonably expect to lose KES 1 trillion, if not more, to corruption. Much … READ MORE
Between October 2017 and January 2018, many Kenyans came online to complain about electricity bills that were double, and in some cases triple, what they normally pay. These were, in essence, backdated electricity bills intended to recover KES 10.1 billion in fuel costs that Kenya Power had included in their … READ MORE
The last few weeks have been jarring for Kenyans as we found out that we’d had yet another maize scandal, and this time we lost KES 2 billion at the National Cereals and Produce Board (NCPB) to 21 people. We also found out that we lost KES 9 billion to … READ MORE
Protests are a key part of democracy – they are a way for citizens to act directly to show their support or disapproval regarding a course of action, statement or thing. After Donald Trump was elected the 45th president of the USA, protests began, led by citizens who are against … READ MORE