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Who Is This Man Hilary Mutyambai Set To Be Top Cop

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Who is this Hilary Mutyambai? The first impression he gives is an ordinary soft-spoken man who is a good listener and speaks little. This is quite the opposite of what you would expect from the nominee for the country’s chief cop.

But the name of the career police officer-turned-spy, who has kept his life private, elicits admiration in counter violent extremism circles, owing to his achievements. During the unfortunate Dusit D2 complex terrorist attack, Hilary was the guy who coordinated security forces in the rescue operation.

Hilary joined the Kenya Police Service in 1998 as a corporal and made his way to the top at the National Intelligence Service (NIS) where is currently is the deputy director of Counter Terrorism Intelligence. “He is a witty man who acts diplomatically. He knows what he does and does what he knows,” is what a colleague had to say about him.

President Kenyatta through the State House Spokesperson Kanze Dena released an executive order on Wednesday to nominate Hilary in line with Article 245(2) of the Constitution. As the law clearly stipulates, the fate of Hilary is left to the Parliament so they can either approve or reject and this will be after National Assembly’s Administration and National Security Committee have vetted him.

The National Police Service Commission Act requires the National Assembly to approve or reject the nominee for the position of IG within 21 days from the date the Speaker makes the announcement. The IG designate holds a Bachelor’s degree from the University of Nairobi and a Master of Arts degree in national security policy from the Australian National University, which his predecessor, Mr. Joseph Boinnet, also attended.

As reported by Nation, Hilary has undergone specialized training in counter-terrorism in New Orleans (USA), operational management in the UK, advanced security analysis in the US, policing, intelligence and counter terrorism in Israel. It says that Mr. Mutyambai, who comes from Mwala, Machakos County, also served as Kenya’s political attaché in Uganda from 2000 to 2004.

In the occasion that Mr. Mutyambai gets into office, his responsibilities will include security sector reforms, counter terrorism, police welfare, transnational crimes and vetting of civilian firearm holders, among others. He will be expected to implement pending structural changes in the police service, including the appointment of the new ward commanders. He will also oversee the work of the recently appointed regional commanders. He also will be closely monitored by human rights groups, which have persistently accused the police of extrajudicial executions, harassment and abuse of power.

The New IG will be expected to implement pending structural changes in the police service including the appointment of new Ward Commanders. He will also oversee the work of the recently appointed Regional Commanders, County Commanders and Sub County Commanders that saw the removal of the Officer In Charge of Station (OCPD) positions scrapped.

One of Mr Mutyambai’s heaviest duty will be to fight corruption among police officers- which has been blamed for impeding the fight against crime.

He at the same time will be expected to oversee the implementation of the structural and organizational changes announced by President Uhuru Kenyatta last year, that saw the partial merger of the Administration Police Service and the Kenya Police Service.

The IGP will also be on the radar of human rights groups who have constantly accused the police of extrajudicial executions, harassment and misuse of power.

Since he will serve for four years, he will oversee the 2022 General Elections and ensure that he maintains order and calm before, during and after.

He will work closely with the Independent Policing Oversight Authority (IPOA), the National Counter Terrorism Centre (NCTC), the National Focal Point on Small Arms and Light Weapons (KNFP), the Regional Centre for Small Arms (RECSA), the National Crime Research Centre (NCRC), the Ethics and Anti-Corruption Commission (EACC), the National Transport and Safety Authority (NTSA) among others.

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National Bank Issues A Profit Warning Due To Higher Loan Impairment And Restructuring Costs

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The National Bank of Kenya (NBK) has issued a profit warning for the financial year ended December 2018 citing higher loan impairment charges and restructuring costs. The bank which is a listed lender of The Nairobi Securities Exchange will now be expected to post at the very least  25% lower earnings for the year ending December 2018 than the previous year. The anticipated drop means its net profit for the period is unlikely to surpass Sh308 million. “(This is) primarily due to increased loan impairment charges beyond initial projections due to a revision of valuations and values recoverable from the non performing loan portfolio,” said the firm in a cautionary statement.

“During the year the group incurred a one off restructuring cost (voluntary early retirement programme) as part of wider business alignment, the full benefit will be realized in 2019,” the statement added. NBK has in the recent past registered a series of poor performance that has pushed its survival into an uncertainty mode.

The lender is in the grip of an operational crisis, stuck in a negative liquidity position as at the end of the first nine months of the year even as plans to sell it remain in limbo. The NBK’s nine-month profit dipped by 84 per cent to Sh21.97 million as a result of reduced lending.

Loans and advances to its customers dropped by Sh9.9 billion or 17 percent to Sh48 billion compared to last year’s nine month position of Sh57.88 billion. The Treasury has approved for sale of NBK among other two State owned lenders who are, Consolidated Bank (CBKL) and the Development Bank of Kenya (DBK) along with a number of other parastatals.

The plans are, however, yet to take off even after the State sought to hire a chief manager in charge of transactions as it moved to unlock the stalled sale. The NBK’s core capital stood at Sh2.34 billion at the end of September 2018, about four times thinner than the Sh9 billion it had in September last year, leaving it significantly in breach of regulatory capital ratios and therefore constrained in its ability to lend.

Although its liquidity ratio is above the minimum requirement of 20 percent, the NBK’s total capital to total risk-weighted assets stood at a deficiency of or negative 10.4 percent as at the end of the first nine months of the year. The NBK’s core capital to total deposit liabilities stood at a negative or deficiency of 5.5 percent while core capital to total assets stands at negative 7.9 percent.

Faced with such a dicey situation, the lender has a constrained room to take in more deposits. The Treasury has injected limited amounts of capital into the lender which has not been sufficient to put the banks in the right legal position on the ratios. The NBK was compelled to continue running on constrained capital after the Treasury and National Social Security Fund (NSSF) missed own-imposed deadline of injecting Sh4.2 billion fresh capital.

The NBK said late last year that it was still awaiting the money that ought to have come in by end of September, according to the formal commitments made by the Treasury and the National Social Security Fund (NSSF) in March last year. “In March 2018, the principal shareholders gave formal commitment for a comprehensive capital solution. The board notes that this process is ongoing,” said CEO Wilfred Musau. “The capital injection will unlock and bolster the key pillars of our growth and place the bank in even a better probability path in the long-term.”

But the delay leaves the NBK in a precarious situation given that the same government has for long been mulling over merging the bank with DBK and Consolidated Bank. The NSSF owns 48.1 percent of the NBK while Treasury holds 22.5 percent stake, making them the two principal shareholders.

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Kenyan Government Saves Sh700M By Buying Police Uniforms Locally

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The Kenyan government will save a total of Sh700m by manufacturing of police uniforms locally. This is according to Interior CS Fred Matiang’i.

Matiang’i spoke on Monday when he led top government officials to inspect the production progress Police Uniform making at NYS.. “I am happy and proud to be a Kenyan and we are supporting our own. The money we use for these goods and services is not our money… isn’t it wise to support local content?” he posed.

The CS was impressed with the progress so far where 1000 pairs being produced per day and urged government departments who make their uniforms to do so locally.

Sewing the uniforms locally was part of government’s initiative to support local industries through #BuyKenyaBuildkenya initiative.

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Open Doors and Offer Mentorship to Fresh Graduates, SMEs Urged

Kimani Patrick

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Speaking during the first Business Clinic by Optiven Group at Barlays Plaza 15th floor, Mr. George Wachiuri on Friday evening urged other business owners to give opportunities for learning and mentorship for fresh graduates.

The businessman who has investments in real estate, construction and hospitality noted that most SMEs are reluctant in offering internship opportunities for fresh graduates while at the same time ask for experience before hiring them. Mr. Wachiuri, advised that if the over 800,000+ annual graduates from local universities are offered opportunities to turn their learned skills into practical experience, they’d steer small businesses into giants.

The Optiven Group Founder & Chief Executive also urged the government to assist in formalising the 5.3M informal businesses into formal business as well as give them tax exemptions for at least 5 years as they build their brands. “By exempting these business from the tax burden, these businesses will use their revenues to create more employment for our youth thereby solving the problem of unemployment,” Mr. Wachiuri observed. “Every year, about 400,000 businesses die due mainly due to poor management skills, lack of operational resources/capital as well as taxation.” He added.

Mr. Wachiuri reported that his organisation is leading by example and through their graduate trainee program, 50 graduates get trained each year. This is in line with the company’s mission to provide 30,000 direct jobs by the year 2030.

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