According to latest data from the Controller of Budget in Kenya 25 of the 47 counties spent nothing on development in the first quarter to September, hurting job creation and infrastructure projects in the devolved units. This is a 45 per cent drop compared to the $34.6 million governors spent on development activities in a similar period a year ago. Also, commercial banks are on course to post another full-year of double-digit growth in profits. Moreover, Kenya’s first green bond started trading on the Nairobi Securities Exchange for the first time. Reginald Kadzutu, Economic Analyst joins CNBC Africa for more.
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Acknowledged as the world’s largest Africa-focused digital infrastructure and emerging tech event, the Africa Tech Festival has always attracted a stellar line-up of critical thinkers, analysts, futurists, keynote and inspirational speakers. 2020 will more than deliver on that reputation, with a stimulating array of visionary industry presenters, raconteurs and even some sporting greats.
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