![]() Kenyans are already feeling the pinch from soaring prices for basic necessities, along with a sharp drop in the value of the local currency and the worst drought in four decades.Įconomic growth slowed last year to 4.8 percent from 7.6 percent in 2021, reflecting the global fallout from Russia's invasion of Ukraine and the drought buffeting the vital agriculture sector. ![]() We have to sacrifice for the future," Ndung'u told local station Citizen TV earlier on Thursday. ![]() "We have to have some short-term sacrifices for us to achieve the long-term. Ruto is seeking to replenish the government's coffers and repair a heavily-indebted economy inherited from his predecessor Uhuru Kenyatta, who splurged on major infrastructure projects. In January 2007, the company fired 7 journalists only for being a member of the Kenya Union of Journalists, a union which campaigns for fair pay and good working conditions for journalists, and for freedom of the press.The 3.6-trillion shilling ($25.7 billion) financial plan for 2023/24 is the first since Ruto took the helm of the East African powerhouse in September last year following a bitterly contested election race.īut there has been widespread public anger over plans for a raft of tax hikes including on food and fuel expected to generate an extra $2.1 billion in revenue.Īnd just as Treasury Minister Njuguna Ndung'u began reading the budget, lawmakers allied with opposition leader Raila Odinga's coalition walked out of the chamber to cheers and jeers.Īlthough Ruto pledged on the campaign trail to help poor Kenyans known as "hustlers", he has been accused of introducing policies that have actually made their lives harder. The Aga Khan Fund for Economic Development, an agency of the AKDN, still owns the majority of the shares of the Nation Media Group.Īlthough the Daily Nation continues to be important for the democratic development of Kenya, and is an inspiration to journalists throughout Africa, it has also been criticized because of how it treats it’s employees. The Nation Media Group is quoted on the Nairobi Stock Exchange. The Newspapers division of the Nation Media group alone has 470 full time employees and an annual turnover of 3 billion KSH (44.3 million USD). The newspapers later evolved into the Nation Media Group, a corporation which also owns the Sunday Nation newspaper, NTV (Nation TV, a television station), Nation FM (a radio station), the weekly newspaper The East African, the Business Daily newspaper, the Weekly Advertiser, and What’s On magazine. When Kenyan independence was announced on December 12th, 1963, the Daily Nation’s headline was: “Kenya Free”. In 1960 he launched English language editions of the Taifa Leo: the Daily Nation and Sunday Nation. The plan of the young Aga Khan, who would set up a whole range of NGO’s for humanitarian goals during his life, was to use the newspaper to create an African nationalist public opinion and end colonialism. Instead he bought the Taifa newspaper for 10,000 British pounds a year after it’s founding, and renamed it Taifa Leo. Reports that Karim Aga Khan IV founded the newspaper are incorrect. The forerunner of the Daily Nation – the Swahili newspaper Taifa – was founded in 1959 by Michael Curtis and Charles Hayes, newspapermen in London and Nairobi, respectively. The website and it’s archive are accessible free of charge. The Daily Nation also maintains an excellent website, which publishes many articles from the newspaper and has over 3 million daily page views. It’s offices are located at Kimathi Street in Nairobi. The Sunday version is called the Sunday Daily. It is a morning newspaper published seven days per week, available in all major cities in East Africa. The biggest competitor of the Daily Nation is The Standard, published by the Standard Group. It’s the largest newspaper not only of Kenya, but of the whole of East Africa.ĭaily circulation is above 200,000 copies but as copies are often read by many people, the actual readership is much higher. “It is widely regarded as being independent and balanced” (BBC). The Daily Nation (Kenya) is seen as the most influential of all the
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