Shilling Free Fall Slows After CBK’s Move; Malala Alleges Uhuru, Raila Are Linked To Ksh 17 B Oil & Police Bosses Call a Crisis Meeting Over Damning Maraga Report

Good morning,

A showdown is looming within the Kenya Kwanza faction after a number of leaders ditched their affiliate parties to join the main outfit, UDA, which is led by President William Ruto.

The defection was announced on Monday by UDA Secretary General Cleophas Malala who revealed that the party was forced to postpone its grassroots elections to facilitate the admission of the new members.

The affected parties are Chama Cha Kazi, headed by Public Service CS Moses Kuria, Maendeleo ChapChap led by Tourism CS Alfred Mutua, FORD- Kenya led by National Assembly Speaker Moses Wetangula and the ANC led by Prime Cabinet Secretary Musalia Mudavadi.

In a notice dated Saturday, November 18, 2023, Malala announced the elections which were slated for December 9 will take place next year on April 12, 19, and 26.

Do you think this looming political showdown could cause a split within the ruling coalition?

Meanwhile, here are the stories making headlines on Opera News today:

Shilling Free Fall Slows After CBK’s Move

Shilling free fall slows after CBK reins in banks | Nation

The Kenya shilling could finally be finding a new footing after it slowed down its monthly free fall to one percent so far in November from the 4.3 percent in March, weeks after the banking sector regulator asked for an explanation from ten banks on why they were selling dollars exorbitantly.

A tracking of commercial dollar rates offered by four banks, including Equity, NCBA, I&M and Stanbic by the Business Daily also shows that the spread, the difference between buying and selling halved to a mean of 5.8 units this week compared to 10.4 in April as the delta shrinks from the peak of 16 units.

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Malala Alleges Uhuru, Raila Are Linked To Ksh 17 B Oil

UDA alleges Uhuru, Raila behind Ksh.17B oil scandal linked to businesswoman  Ann Njeri

United Democratic Alliance party Secretary Cleophas Malala has accused the former prime minister of Kenya who is also the Presidential candidate of the Azimio la Umoja Coalition, Raila Odinga along with former President Uhuru Kenyatta of being Linked to ksh 17 Billion Oil Saga.

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Police Bosses Call a Crisis Meeting Over Damning Maraga Report

Days after former chief justice David Maraga presented a taskforce to president William Ruto in relation to National Police Service Commission, the police bosses led by Kinuthia and Japheth Koome has finally taken a quick action.

As relayed by a report covered on Wednesday’s Standard publication, the police bosses have now called for a crisis meeting next week over damning report that Maraga’s led taskforce presented to Ruto.

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