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The Inscrutable Institution
Your daily dose of financial news
Hello 👋
It's Brian from The Kenyan Wall Street.
On our top stories today :
▶️ ️ Why Kenyans should scrutinize the activities of the Central Bank
▶️ COMESA is concerned about the high prices of vegetable oil across the region.
▶️ The University of Nairobi (UoN) launches an innovation hub.
▶️ Assessing the role of African governments in promoting reliable energy i.e. oil and gas.
🏦 Why Kenyans Must Pay More Attention to the Central Bank
This year, Kenyans have heightened interest in the affairs of the state, which were previously crafted and implemented by technocrats often seen as beholden to Bretton Woods institutions, foreign missions, and influential lobbyists representing big business interests. Yet, one critical institution has remained largely untouched by citizen scrutiny: the Central Bank of Kenya (CBK). Despite its profound influence on Kenya’s economic well-being, CBK has largely operated outside the purview of public debate. In this article, Ruriga Kimani explains why Kenyans should not underestimate this ‘supposedly’ independent financial institution…
🛢️COMESA Proposes Quick Fixes to Address High Vegetable Oil Prices
The prices of vegetable oil increased substantially over 18 months from the beginning 2021 to mid-2022, by 50 to 100 per cent in foreign currency terms. Kenyan prices peaked at US$2.78/litre, and in Uganda prices increased to US$3/litre but from a higher starting point of US$2/litre. In Zambia prices doubled, from US$1.50 to over US$3/litre. This has prompted COMESA to strategize ways to cheapen the product and make it more affordable for consumers in the regional market. What are some of the suggested solutions?
💻 University of Nairobi Launches the Silicon Savannah Innovation Park, One of its ‘Big Five’ Projects
In May this year, the University of Nairobi (UoN) formulated some transformative initiatives that would impart relevant skills to their students. The job market is undergoing a massive shift, with companies mounting sustainability drives. There is also a rising demand for AI-powered solutions but many tertiary institutions in Kenya are yet to introduce these skills into their curricula. Today, UoN unveiled the Silicon Savannah Innovation Park, its first step in introducing students to the ‘fifth industrial revolution’...
⛽ Any Successful African Energy Policy Must Centre on Oil and Gas
Africa still has a glaring shortage of reliable energy to power its domestic market, talk less about its prospective industries. For this reason, NJ Ayuk argues that our government leaders need to approve contracts with oil and gas companies promptly. It is also imperative that African leaders present a unified voice and strategy for African energy transitions. This article evaluates the role that African government ought to play in ensuring greater energy prosperity…
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