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Friday, August 15, 2025

AFDB PRESIDENT CALLS ON JUDICIARY TO PROTECT KENYANS FROM DEBTS AND ROGUE FUNDS

Africa development bank (AFDB) president delivering a key note address in the Law society of Kenya annual conference in Diani kwale county has emphasized the importance of public finance good governance and the rule of law index to a better a countries which run low in the index with Kenya at 111 position in the world.


Speaking during the conference,Dr Akiwumi Adesina has said the foreign direct investment move more to countries with political stability, respect to intellectual property and robust systems.Gorvenance and the rule of law play a major part in the natural resources protection and prosperity,lack of accountability and bad leadership derail the resource driven benefits to the people and communities should be involved in the process which should also held international companies responsible for pollution.

Adesina has called for the stopping of corruption,long term respect for natural resources.Judiciary should get involved in the rising cost of debt, commercial debts and Euro bonds .African countries should avoid the huge debts like vulture funds which take advantage of loopholes in the judiciary to exploit African countries.Fiscal policy should remain sustainable to protect the  public.

KISM BACKS THE ROLLOUT OF THE ELECTRONIC GOVERNMENT PROCUREMENT SYSTEM

The Kenya Institute of Supplies Management (KISM) which registers,license, train, discipline and regulate supplies practitioners...