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Financial Crisis Awaits Counties Due to Treasury’s Delayed Fund Disbursement

The Council of Governors (CoG) claims that the 90-day wait for the distribution of cash to the devolved units is having a negative impact on operations and could force county governments to close if appropriate action is not taken.

CoG believes that the reduced shareable revenue as a result of the Finance Bill, 2024’s withdrawal—which it claims would have far-reaching implications—has further exacerbated the delay in the release of the cash.

The shareable of the venues would also be impacted by the Ksh. 380 billion that was previously granted by the National Assembly through the Supplementary Budget, according to Fernandes Barasa, Chairperson of the CoG Finance Committee.

The governor of Kericho, Eric Mutai, continued, saying: “Counties are frequently forced to have four-month-long arrears, and this year is no better than previous years.” This is a result of the fact that no administration since devolution has progressed to the necessary level.

The Council of Governors is being forced to warn of impending reduced operations and service delivery because to the outcry over the financial crunch.

“I’m calling on my colleagues to maximize Own Source Revenue as the only remedy, and we just want to warn the counties that it won’t be business as usual,” Barasa stated.

Since the beginning of devolution, counties have faced two main difficulties: first, there have been delays in the timely release of finances; second, successive administrations have shown little to no interest in fully delegating all powers.

Eight People Killed, 38 Injured In Eldoret-Nakuru Road Accident

The wreckage of the vehicle involved in the accident oin Tuesday, August 20,2024.

In a horrific vehicle accident in the Migaa area near Salgaa, eight persons have been officially declared dead and 38 are being treated for various injuries.

A Coast Bus traveling from Kakamega to Mombasa at 4 a.m. on Tuesday was involved in an accident involving an unspecified number of passengers.

Fearing that more bodies might be trapped in the bus’s twisted wreckage, rescue operations got underway Tuesday morning.

Following the morning’s disaster, the Kenya Red Cross said that thirty-six individuals were receiving treatment at Coptic and Molo Hospitals and that it had deployed out response teams.

“Thirty-six injured individuals have been taken to Molo and Coptic Hospitals following a road traffic incident involving a PSV bus and multiple vehicles at Migaa in Molo, Nakuru County,” the Kenya Red Cross said in an X update. 

“The Kenya Red Cross, alongside a multi-agency response team, is still at the scene providing assistance.”

Kenya Airways Reports Ksh.513 Million Profit Following Years of Turbulence

Kenya Airways, the national carrier, ended a ten-year losing trend with a Ksh.513 million half-year profit.

Allan Kilavuka, the CEO of Kenyan Airways, claims that the company’s earnings is dependent on both the state’s restructuring of its debts and its decreased exposure to swings in foreign exchange.

Compared to the Ksh. 21.7 billion deficit the airline reported during the same period last year, the growth marks a 102% recovery.

Huawei Launches 150K Series C&I Solar Inverter in Kenya.

Over the past ten years, there has been an increase in the need for solar photovoltaic (PV) electricity; according to a Statista estimate from 2023, 125.2 gigawatts will be required by 2024.

In order to ensure that consumers receive a positive return on their investment, stakeholders in the solar energy ecosystem are eager to make resources and infrastructure available for the production of clean energy.

This is where green energy and cutting edge technology come together, as demonstrated by the recently released Huawei 150K higher power C&I inverter.

The region’s growing need for reasonably priced solar energy was highlighted by Xia Hesheng, President of Huawei Digital Power in Sub-Saharan Africa, during the August 16 debut of the product.

High electricity costs are currently a problem for both businesses and households, but Hesheng believes that this will change as new advancements in solar energy production become available. He envisions a pollution-free, uninterrupted, safe, and steady power source that runs around the clock.

“This is a great opportunity for industry players as the return on investment will be high. Homeowners who install solar panels will also see a reduction in electricity costs,” said Hesheng.

The Huawei Digital Power President also outlined how quality and customer needs are incorporated into the product development cycle.

“In Huawei, we put the product quality as the foundation. When manufacturing a product, we don’t rely on a single person.”

The 150K C&I inverter

With its cutting-edge L4 AFCI and PV ground fault protection, Huawei’s 150K series Commercial and Industry (C&I) inverter guarantees asset and device safety.

The production of solar energy has long been impacted by safety hazards such excessive voltage that can lead to inverter failure. Environmental hazards include intense heat, cold, wind, and dust, as well as operating difficulties like dust buildup, bird droppings, or leaves left on solar panels, are additional threats.

Inverter outages are another significant factor contributing to losses for solar power users, according to Nick Lusson, Vice President of Huawei Digital Power for Eastern Africa. He believes that the 150K series and other advanced inverters are essential for reducing losses.

According to Lusson, the inverter includes a temperature detecting feature, is more dependable, safe, and produces more electricity. The most recent solar industry equipment is also compatible with the waterproof inverter.

In order to provide further security and unlock additional benefits, Lusson says that the system makes use of a PV optimizer. For example, it makes use of roof space by enabling the independent operation of each solar panel. This prevents situations where the output of solar energy is impacted by shadows on a single panel.

The inverter additionally use artificial intelligence technologies to identify malfunctions. After that, it alerts the user, who can then quickly create a report on the errors. This includes a remote fault location that indicates the precise cause of the outage.

Huawei has unveiled the Residential Luna 200KWH smart string energy storage solution, a PV optimizer, and an electric vehicle charger, among other technology solutions.

To live comfortably, I Need At Least 9 Million Monthly; Huddah Monroe

Socialite Huddah Monroe disclosed that, in order to live comfortably and stress-free, she needs at least $70,000 every month, or 9 million Kenyan shillings.

The socialite posted her opinions on her Instagram page in response to a survey that sought to ascertain how much money an average person requires each month to lead a trouble-free, comfortable life.

A single person without a family needs 12 million shillings annually to live comfortably, whereas a couple working together and having children needs 27 million shillings annually, according to a study done in St Petersburg, Russia, which she shared a screenshot of.

Being childless and single, Huddah claimed that in order to enjoy a comfortable life, she would require a minimum of 9 million shillings per month.

“I need at least $70,000 – which is about 9 million shillings, and it is generally achievable. God is great,” she said, accompanying the post with a Vybz Kartel song, “Without Money.”

She went on to say that every time she thinks about her journey to prosperity, she is reminded of Vybz Kartel’s songs, which she has been praising since last weekend.

Machakos: Man hacks neighbour to death for allegedly stealing charcoal

Police in Mwala, Machakos County, are looking into a report of a man hacking his neighbor on Sunday after the neighbor allegedly stole his charcoal.

The 35-year-old man committed the terrible act and then reported it to the Kathama police post, according to Mwala subcounty police chief Nancy Jerobon.

“It happened on August 11, 2024, at Kithuiani village in Ulaani sublocation, one adult namely Mathias Mwanzia Kitheka aged 35 years alleged that his charcoal had been stolen and he found out that his neighbour namely Attanus Mutiso Kithande aged 51 years was the one who stole it,” Jerobon said

Later, according to Jerobon, the suspect tracked down and hacked the deceased. He passed away right away.

“He had visible deep cuts on the head and broken left leg with blood all over his face. A blood-stained left open shoe was recovered from the suspect’s house,” the police boss added.

According to her, when police officers from the Kathama police post arrived on the scene, they discovered that Kithande had been brought to his home and had passed away from the injuries he sustained.

He was bleeding profusely on his face, with evident serious cuts on his head and a fractured left leg. From the suspect’s residence, a blood-stained left open shoe was found,” the police chief remarked.

The body was taken to the mortuary of Matuu Level 4 hospital in the Yatta subcounty while an autopsy was conducted.

Jerobon stated that the suspect’s court appearance is scheduled on Monday.

She claimed that inquiries into the event had been started by the Mwala police station’s Directorate of Criminal investigations detectives.

Migori: 30 Health Facilities Remain Closed Nearly 10 Years After Construction

The Migori County government constructed thirty health facilities ten years ago, but they haven’t been put into use yet. The dispensaries located in each ward of the county comprise the non-operationalized health institutions.

One of the medical facilities that hasn’t been used for several years after it was finished is Oore Dispensary.

This dispensary, which offered hope to Oore residents who struggle to get health care, is still closed.

Oore resident Phenius Olunga claims that the dispensary’s construction was finished under the administration of former governor Okoth Obado. The public has never been able to use it.

Olunga continues, saying they still don’t know why the facility can’t be used.

Julius Awuor Nyerere, a member of the Department of Health’s Migori County Executive Committee, stated to the media that thirty medical facilities nationwide are still not operating.

Nyerere clarified, however, that the administration is setting up the required personnel and equipment as part of the operationalization plan.

According to him, the facilities cannot be opened until the required equipment has been acquired.

Eldoret: Dominion Church Bishop Records Statement With Police As Probe Into Forex Scam Continues

An update on the multi-million shilling forex trade scam in Eldoret has been given by Acting Police Inspector General Gilbert Masengeli, who has emphasized that police are actively investigating the issue and that those found guilty will face prosecution.

Masengeli’s promise corresponds with the recording of a statement by Eldoret police from Dominion Church bishop Caleb Mwania concerning his acquaintance and knowledge of the purported scam mastermind, Ambrose Makech Abuti, which has left hundreds of people tallying their losses.

After Bishop Mwania affixed his statement, The man of God insisted that he had not anticipated Abuti’s outcome.

“He used to play music in the church. I have not involved myself in any indecent and immoral acts,” said Bishop Mwania.

Mwania claims that Ksh. 4 million has been lost by the church as a result of the now-failed investments. The bishop further asserts that Abuti has caused losses to members of his own family.

Since then, the bishop has been questioned by the police and has given them a statement on the subject.

Masengeli informed the public that the police had taken charge of the situation, which prompted Mwania to interact with them.

The police gave their assurance, but not much has been done to apprehend the suspect—who is still at large almost a week after his activities were made public.

Abuti’s victims claim Eldoret police are preventing his arrest and prosecution, and it appears that his phone numbers have been deactivated.

The Uasin Gishu county government has, however, advised citizens to do their research before participating in such schemes.

Why Kenyan-Based Mobius Motors is going out of business.

Mobius Motors, a Kenyan auto assembly company, has declared bankruptcy due to financial difficulties.

Nicolas Guibert, the director of Mobius, announced the voluntary insolvency of the company’s creditors on Monday, citing a stakeholder meeting as the basis for the decision.

The process of liquidation entails closing a company and giving its assets to the interested parties. It happens when a business is unable to pay its debts due to insolvency.

Guibert announced that KVSK Sastry has been assigned to manage the process of liquidation.

The notice stated, “At a meeting of the shareholders held on 5-Aug-2024, it was resolved to place the company under liquidation as per Section 393(1) (b) of the Insolvency Act and to appoint KVSK Sastry as the liquidator to wind up the company.”

He further said that on Friday, August 9, at Mobius’s corporate office in Nairobi’s Sameer Business Park, a list of creditors and proxy forms will be made available for inspection.

The residual assets of the business are used during liquidation to settle shareholder and creditor claims in order of priority.

British entrepreneur Joel Jackson established Mobius Motors in 2010, and the company manufactured its first vehicle in 2011.

Kenyans responded differently to the Mobius I prototype; some were offended by its simplistic appearance.

The manufacturer then released the Mobius II and Mobius III models, which are more elegant but yet tough SUVs that will retail for Ksh. 1.5 million and Ksh. 3.9 million, respectively, as of 2022.

Playfair Capital supported Mobius, and the UK-based venture capital firm contributed $50 million to the startup in 2019.

It has additionally benefited from funding throughout the years from PanAfrican Investment, a private investment organization, Chandaria Industries, and the US International Development Finance Corporation.

The government of Kenya has been working to increase local vehicle assembly in order to draw investments from international manufacturers like Volkswagen. Currently, used cars imported from Japan dominate Kenya’s automotive market.

Amstel And Kingsbourne Companies Joint Venture Approved By CAK

Amstel Trading Company Limited and Kingsbourne Assets Limited are scheduled to form a joint venture, with approval from the Competition Authority of Kenya (CAK).

The first joint venture parent firm, Amstel Trading company Limited (Amstel), is formed in Kenya, and the second joint venture parent company, Kingsbourne Assets Limited (KAL), is incorporated in the British Virgin Islands.

Amstel is an importer of copier paper into Kenya, where it is sold via affiliated paper mills of Kingsbourne Assets Limited in Indonesia.

In contrast, KAL is an investment holding company that, through its affiliates, possesses a variety of technologies, know-how, and intellectual property rights pertaining to the production, conversion, distribution, and retailing of pulp and paper goods in Indonesia. It doesn’t conduct business in Kenya.

“The proposed transaction involves the establishment of a full-function JV between Amstel and KAL. According to the parties, the JV will establish a paper converting facility in Kenya to manufacture photocopy paper, thereby reducing delivery time of photocopy paper into the market. The transaction will also enable Amstel expand its distribution of photocopy paper beyond the Kenyan market, specifically in the East African Community,” CAK said. 

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