The CEO, Capital Markets Authority today appeared before the Senate Standing Committee on Trade, Industrialization and Tourism to respond to further questions on the Petition regarding alleged fraudulent acquisition of shareholding at the East African Breweries Ltd. 

The Commonwealth Parliamentary Association (CPA) Kenya branch, has new office bearers after eight legislators were elected to the local Executive Committee that will represent Kenya at the regional level and internationally. This new development follows elections held today during the Association’s Annual General Meeting at the National Assembly Chambers.

As part of their internship programme, the Senate interns and attaches had the privilege to visit the Commission on Revenue Allocation (CRA) on Wednesday 9th August 2023. 

The visit provided an invaluable opportunity for the interns and attaches to gain insights into the complex world of revenue allocation in Kenya. They learnt about the roles and functions of CRA as entrenched in the constitution and its engagements with the Senate and other stakeholders.

The Chief Executive Officer of American Tower Corporation Kenya, Mr Thomas Sonesson, has today informed a Committee of the Senate that Telkom Kenya needs to pay ATC Kenya Kshs650 million so that it can be reconnected to its telecommunication infrastructure. 

This comes after Telkom Kenya defaulted on its payment worth Kshs4 billion to ATC Kenya under their Master Lease Agreement for a tower sale and leaseback transaction, forcing the telecommunications infrastructure owner and provider to finance Telkom’s operations.