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Smartie News – News Rundown – 27th Nov 2023

Key Parastatal Privatization Plans Unveiled

Treasury reveals intentions to privatize key public entities, stirring economic discussions.

 

El-Nino Response at Statehouse

President chairs cabinet meeting in Nairobi, outlining strategies to address potential El-Nino impact.

 

Crisis at Kenya Power

Chief Auditor warns of Kenya Power’s collapse, citing seven years of sustained losses.

 

SHIF Implementation Halted

High court suspends Social Health Insurance (SHIF) implementation until February 2024, raising uncertainty about healthcare reforms.

 

Governor’s Defiance Penalty

Kajiado Governor fined Ksh500,000 for ignoring Senate summons, highlighting governance tensions.

 

Currency Stability Ultimatum

MPs give Treasury and CBK one month to stabilize the Kenyan Shilling or face top officials’ removal, intensifying economic pressure.

 

Shilling Outlook for Next Year

CBK Governor assures Shilling stabilization in 2024 with IMF and World Bank support.

 

Tragic Matatu Accident

‘SWAT’ Matatu causes fatal accident, claiming five lives; sparks concerns about road safety.

 

Political Clash Over NADCO Report

Kimani Ichungwah challenges Eugene Wamalwa’s NADCO report decision, alleging external influences.

 

Nigeria’s Budget Presentation

President Bola Tinubu to present Nigeria’s 2024 budget to the National Assembly, shaping economic policies.

 

Diplomatic Visit from Angola

Angolan President João Lourenço to meet U.S. President Joe Biden, fostering international relations.

 

Musk’s Visit to Israel

Elon Musk travels to Israel, engaging with government officials, fueling speculation on potential collaborations or investments.