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Nairobi Residents To Now Use Public Toilets For Free.

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Nairobi residents will now be able to access public toilets in Nairobi’s central business district (CBD) free of charge ahead of the issuance of new operation guidelines next week.

This after the Nairobi Metropolitan Services (NMS) took over the management of the facilities from the hands of private entities.

The Major General Mohamed Badi-led administration said National Youth Service (NYS) officers have been deployed across the facilities to man the toilets.

“Yes, NMS has taken over all the public toilets in the CBD and we closed them yesterday for renovation. Public toilets are meant to be free. The National Youth Service will be deployed at the public toilets,” said NMS.

According to NMS, a roadmap on how the toilets will be managed will be made public in the coming week. A public notice plastered on the toilets read: “Kindly note all public toilets have been closed due to security reasons. We are sorry for any inconvenience caused. Ordered by NMS.”

Running of public toilets is a highly charged business that has perennially attracted running battles from different groups fighting for control over the facilities.

Politicians, private toilet proprietors, and youth groups have been at the centre of tug of war for the control of the multi-million industry.

It is estimated that a single toilet is able to make at least Sh15,000 a day after deduction of operational expenditure with residents charged between Sh5 and Sh10 depending on the service sought.

Nairobi city centre plays host to more than 18 public toilets which have found themselves under the management of private entities after being sub-contracted by the county government.

Though there is no reliable data, City Hall said there are 68 public toilets in the city with 18 located within the CBD.

The facilities are operated under the public-private partnership that came into effect in 1999 when the defunct Nairobi City Council engaged the business community to find a solution to the deplorable conditions of the facilities.

Many others were privatised during the regime of Nairobi’s first governor Evans Kidero with the former governor saying they lacked capacity to run them.

To regain their investment, the operators were allowed to charge a small fee from residents to use the toilets.

Alika designs and cleaning services limited, Twenty

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Business

Pain in the new fuel prices

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A litre of petrol in Kenya’s Capital Nairobi will now cost Ksh.134.72 rising from Ksh.127.14.
The cost of diesel meanwhile spikes to Ksh.115.60 from Ksh.107.66 while kerosene will cost Ksh.110.82 from Ksh.97.85.

EPRA has attributed the rising fuel prices higher costs for landed petroleum products with the cost of landed super petrol rising by 0.72 percent, diesel by 4.81 percent and kerosene by 0.96 percent.

In its latest maximum pump price review, the Energy and Petroleum Regulatory Authority (EPRA) has raised the prices of super petrol by Ksh.7.58 per litre.

The greater fuel costs are expected to hurt Kenyans not just at the pump but also in their pockets as the cost of living surges with the prices of other basic commodities rising in the aftermath of higher petrol costs.

Kenyans will face more pain at the pump from Wednesday as petrol prices zoom past the Ksh.130 mark per litre, an all-time high cost for the commodity.

The energy sector regulator however masks the true reasons behind the astronomical surge in fuel costs.

The fund run partly by the National Treasury has provided respite to consumers by lowering margins paid to suppliers/ oil marketers who are later compensated by the exchequer for the hair cut.

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Kenya Set to host the 2nd annual Africa Digital Finance Summit Early Next Year

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Kenya is set to host the 2nd annual Africa Digital Finance Summit (ADFS) on 22nd – 24th February, 2022.

The three-day event themed “The Future of Finance in Africa; our pathway to financial freedom” will incorporate a thought-leadership conference featuring governments, central banks across Africa, prominent executives representing global Fintech operators, start-ups, professionals and decision makers across the world in the financial, economic, technology, fintech and block chain industry to deliberate and forge a pathway towards the future of finance in Africa.

“The Africa Digital Finance Summit 2022 (ADFS) will provide Africa with an opportunity to leapfrog the mistakes of the West by reimagining entire systems of production, financial services, and governance fueled by financial innovations & blockchain technologies thus positioning herself as the continent where solutions in Finance will be implemented successfully,” says Mary Njoki, Organizer and CEO of Glass House PR.

Coming at the backdrop of the Free Trade Agreement in Africa, this annual summit will spearhead the conversation of re-defining value exchange for Africans and encouraging them to leverage on Digital and Decentralized Finance in their businesses and everyday transactions.

The African Fintech report of 2020 states that Africa as a continent has an edge with technology because the mobile subscription penetration rates are up to 80%, thus this summit aims to position Africa as the continent where innovative solutions in digital and decentralized finance will be found and implemented successfully.

During the Africa Digital Finance Summit 2022, the ADFS Report of 2021 will be presented and released to the public. Conversations in the summit will include; understanding blockchain technologies and cryptocurrencies, Implementation of Defi in Africa, Policies governing disruption in finance, Introduction of central bank digital currencies in Africa, the introduction of NFTs for art, amongst other topics.

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InterContinental Hotel’s multi million assests put on auction

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According to documents obtained from Garam Auctioneers, some of the cars being auctioned include a Range Rover Discovery, Mercedes Benz Sprinter, and an Isuzu FRR.

The government also has a 33.8 per cent stake in the five-star hotel which at its peak offered accommodation to high profile guests and heads of state.

For years now the state has been looking for a buyer to offload its share to and the new plans could complicate the intended sale.

Some of the options the owners who include associates of former president Daniel arap Moi are considering include; office blocks, stalls and mini-hotels all in one building such as a mall.

n the midst of the Covid-19 economic crisis, the InterContinental Hotel announced in August that it would terminate its lease agreements with KHP, the hotel’s holding company, and close the facility.

As a result, Sovereign Group appeared to be the most likely candidate to acquire the 33.8 percent stake prior to its sale to outsiders.

The Intercontinental Hotels Corporation Group, which is listed in both the UK and the USA, has a 33.8 percent stake in the hotel group.

InterContinental Hotel's multi million assests put on auction | Pulselive  Kenya

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