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Why Bank Wants to Auction Ngara Affordable Houses Already Sold to Kenyans

The National Bank of Kenya has warned that it may auction the affordable housing units at Jeevanjee Estate in Pangani, Nairobi, to recover a Ksh1.9 billion loan tied to the mother title. NGOs, and churches, now dominate Treasury bill holdings at 56% (Ksh346 billion) of the Ksh615 billion market, surpassing banks, which hold 34%.

Why the Govt Wants UN Intervention on Starlink’s Operations in Kenya - Money News Round Up

The National Treasury aims to raise an additional Ksh343 billion in tax revenue for the 2024/25 financial year, targeting a total of Ksh2.732 trillion amid mounting debt pressures and a Ksh4.329 trillion budget. Further, Kenya's CA is seeking the UN's assistance to regulate satellite providers like Elon Musk's Starlink.

Parliament to Probe SHA’s Ksh6.3 Billion Tender to Private Firms

An IMF report found that 97% of government institutions in Kenya have not disclosed the beneficiaries behind their awarded tenders. The Senate has launched an investigation into allegations of collusion between the Social Health Authority and private insurers over a Ksh6.3 billion medical contract with the National Police Service.

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