Jaindi Kisero

Nairobi

Economics Editor and Columnist at Business Daily Africa

Managing Editor, Economic Affairs, Nation Media Group. Columnist for @dailynation and @BD_Africa

Featured in: Favicon

businessdailyafrica.com Favicon

allafrica.com Favicon

nation.africa Favicon

theeastafrican.co.ke Favicon

thecitizen.co.tz Favicon

knews.uk

htsyndication.com Favicon

architectafrica.com Favicon

countydevelopment.co.ke Favicon

whispersnorth.com

Articles

Need to rethink Asharami LPG deal

1 week ago | businessdailyafrica.com | Jaindi Kisero

Here is the news. I have come across correspondence from the Clerk of the National Assembly showing that the Departmental Committee of Energy has summoned the managing director of Kenya Pipeline Company (KPC) to interrogate him on the circumstances under which some Nigerian investors have been gifted a 31-year lease on land in Mombasa belonging to the Kenya Petroleum Refineries (KPRL). As we know KPRL although very rich in terms of prime land is more or less moribund.
JKIA, KQ woes show lack of ambition

2 weeks ago | businessdailyafrica.com | Jaindi Kisero

The poverty of ambition. Limited aspiration for economic growth. As a nation, these are the two main maladies we are suffering from. The other day, we were all on rooftops cheering after the government yielded to public pressure and cancelled the airport concession agreement it had been negotiating with the Adani Group of India. We did not ask: What next after the collapse of the Adani deal? When you follow the issue; you will find that nothing concrete is on the cards.
Opaque PPP power deals afoot

2 weeks ago | nation.africa | Jaindi Kisero

This is what we read in textbooks about the procurement method known as privately initiated public-private-public (PPP) projects. A contractor submits an unsolicited proposal to a government agency and is awarded the project, without having to face competition from other bidders. How is this method of procurement justified?
State must keep off Nairobi Hospital

3 weeks ago | businessdailyafrica.com | Jaindi Kisero

The board of The Nairobi Hospital has been arm-twisted by the government into accepting State compliant individuals into the prestigious hospitalâ€™s key policy making organ. The upshot is that you now have a board of seven directors elected by shareholders and seven who have been imposed by the State.
Nairobi Hospital governance ripe for shake up

4 weeks ago | businessdailyafrica.com | Jaindi Kisero

â€˜Hospitals Board Rooms are as Important as Operating Roomsâ€™. That was the headline of a story I read in the New York Times many years ago. The Nairobi Hospital must be rescued from the clutches of competing interests. And; the starting point should be reform of corporate governance- transparently conducted Annual General Meetings; visionary and directors that are not conflicted; and efficient management.
Sh175bn for roads a game-changer

4 weeks ago | nation.africa | Jaindi Kisero

Here is the news. The government will shortly be going to the rooftop to announce that it has clinched a deal that will enable the release of an estimated Sh175 billion to be injected into the budget of the troubled road maintenance sector. By any measure, this is going to be a game-changer because on the cards is an injection into road maintenance equivalent to this year’s total annual budget for the whole roads sector.
Implication of shift from IMF dependency

1 month ago | businessdailyafrica.com | Jaindi Kisero

The biggest economic news this week was the decision by the government to opt out of an International Monetary Programme (IMF) that has been running since April 2021. Let us wait and see whether economic policy will now start shifting towards reflecting wider aspirations of our people. We want to see whether policymaking will now enter a wider arena and shift from a narrow regime, where policy choices are reduced to ticking boxes stipulated in those so- called IMF benchmarks.
Why we’re exposed without IMF

1 month ago | nation.africa | Jaindi Kisero

Sometime in January this year, a top and well-connected government official whispered to me that Kenya would soon terminate the current programme with the International Monetary Fund (IMF). He said that the administration had calculated that it was politically risky to stay on an IMF programme when we are hardly 24 months into the electioneering period.
Balancing lender’s right and public interest

1 month ago | businessdailyafrica.com | Jaindi Kisero

Banking and legal circles are keenly waiting to see how courts resolve a case where a judge recently injuncted Stanbic Bank Kenya from auctioning a tea estate in Nandi County belonging to a flamboyant Nairobi businessman, David Langat. It is a hotly debated issue within the legal and commercial banking fraternity because at stake is a rare occurrence, where a judge has invoked the concept of public interest to justify a decision stopping a lender from auctioning a distressed asset.
Review wayleave law to spur investment

1 month ago | businessdailyafrica.com | Jaindi Kisero

There was drama on Monday morning when City Hall, angered by a decision by Kenya Power to disconnect electricity supply to its installations, dumped nauseating waste at entrances of the companyâ€™s headquarters before barricading the building with garbage trucks and clamping all vehicles on sight. Kenya Power says the Nairobi County government owes it Sh3 billion in unpaid bills. City Hall counters that the power utility owes it billions in unpaid wayleave charges.