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  • A joint partnership encompassing $400mn in assets under management focused on African small and medium enterprises
  • The partnership will allow for building and enhancement of the capabilities of both firms by sharing, presenting, and co-investing in well-structured credit investment opportunities with strong layers of downside protection and equity upsides embedded.
  • Both companies are long-standing investors in the region and alongside financial return, aim to create strong social impact by financing primarily the mid-market growth companies that are profitable, stable, and are poised to expand but lack the required financing to do so.

Norsad Capital and TLG Capital announced today the beginning of a partnership to cement the market leading private credit platform for medium sized companies across sub-Saharan Africa (SSA).

The partnership will allow for building and enhancement of the capabilities of both firms by sharing, presenting, and co-investing in well-structured credit investment opportunities with strong layers of downside protection and equity upsides embedded.

This partnership will, amongst others, further promote syndication opportunities and platforms, risk participation structures, jointly offer larger ticket sizes, and provide a balanced capital offering with a mix of senior and subordinated debt. 

Norsad Capital and TLG Capital aim to leverage each other’s structuring and legal expertise, including a presence in SSA, to provide the ideal financing solutions for their clients.

Both companies are long-standing investors in the region and alongside financial return, aim to create strong social impact by financing primarily the mid-market growth companies that are profitable, stable, and are poised to expand but lack the required financing to do so.

The alliance will have combined assets under management of circa US$400 million towards investments in mid-sized companies in sub-Saharan Africa.   

Norsad Capital’s aspiration is to positively impact the lives of 100 million Africans by 2030 and target companies that can generate positive social impact and deliver strong financial returns – “profit with purpose”.

Norsad has invested over US$500 million into over 160 companies over its 32-year history.

TLG Capital aims to unlock $5 billion in African economic growth by investing in SMEs to accelerate their growth into Pan-African titans.

Operating with the conviction that great entrepreneurs are transforming Africa’s future, TLG has completed more than 30 investments to date and has exited more than 20 (notably, all with positive IRRs ranging from 6%-35%). 

Kenny Nwosu, Chief Executive Officer of Norsad, said, “Our purpose as an organisation is to build a better Africa by providing financing to mid-market growth companies that contribute towards the continent’s economic growth and improvement.

“This partnership with TLG Capital is a demonstration of two entities that have over the years noted that lack of access to finance for businesses in Africa limits their ability to expand.

“We will be bringing our joint expertise to address some of the issues demonstrating our commitment to create sustainable impact in the region.

“Our relationship with TLG Capital has been fostered over time and we are excited to be working with an organisation that shares our vision and is flexible enough to experiment and drive growth in Africa.” 

Zain Latif, Partner, and Co-Founder of TLG, said “Norsad is a well-known, well-respected institution within the African investment landscape, and we have known each other for years.

“It is therefore a pleasure to announce we will be working closely going forward, particularly given Norsad have been investing in credit deals in Africa for over three decades, longer than anyone else we have come across.

“Norsad’s focus on creating a positive social return across the regions it invests in also speaks to TLG’s mandate, and we look forward to a bright future together. As we continue to build on our venture financing deals, Norsad is the right partner to help drive that narrative over the next few years.”

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Bungoma County elected leaders have been reminded to keep their manifestos in check and deliver on what they promised the locals.

Addressing the media at his home in Bungoma town, former MCA aspirant for Khalaba ward in Kanduyi Sub county Oscar Wamukota cautioned the elected leaders against squandering the  money that is meant for development in the county.

He urged the leaders to put public funds in proper use for the betterment of  the county and Kenya at large.

“I want to remind all the elected leaders all the way from the governor, the members of the parliament and those for the county assembly that 5 years is a short period of time and soon we shall be back on the ballot and those who will not have delivered to the people of Bungoma, more specifically Kanduyi Sub county and Khalaba ward, be rest assured that we will send you home,” he said.

Insecurity in Kanduyi

This is after the residents decried the rise of insecurity in different areas in Kanduyi and poor street lighting for the business people.

He went ahead to say that he will be on the lookout to remind them every now and then so that they deliver every single promise that they made to the people.

Bungoma Senatorial by-election

On By-election, Wamukota expressed his dissatisfaction at the turnout of the voters saying that it was so low and in future the residents should consider coming out to express their democratic right if given an opportunity and vote in leaders of their choice instead  of ignoring only to lament when regret later.

The low turnout of voters was experienced during the Bungoma senatorial by election on 8th of December.

The Bungoma senate seat was declared vacant by the Independent Electoral Commission and Boundaries (IEBC) after the then elected Senator Moses Wetangula was voted in as the speaker of the national assembly.

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Have you been drinking borehole water in Nairobi? Well, boreholes allow businesses and homes to access private water supply with no restrictions and fewer costs, but how safe is this water?

Kileleshwa ward Member of County Assembly (MCA)-cum blogger Robert Alai Friday morning sparked a debate when he advised Nairobi residents to avoid drinking borehole water.

Taking to his official Twitter account, Alai told people living in Nairobi to reduce the consumption of the borehole water, noting that it has been slowly killing people.

“The borehole water in Nairobi is killing you people. We must reduce the consumption of the borehole water. Please guys,” Alai posted.

But why do you think the politician-blogger is warning people to reduce the consumption of borehole water?

Well, a lot of companies such as farms, hotels or schools will use a lot of water each day, making a borehole a much more affordable option in the long run. Although all of this free water seems great, there are a lot of questions about it since borehole water isn’t cleaned in the same way that mains water is.

Mains water mainly comes from recycled wastewater which has been purified to be made safe for drinking purposes. Boreholes, on the other hand, get their water straight from the ground which won’t go through the same treatment processes as mains water.

Safety of borehole water

Do you live at an apartment? Does it have a borehole? You agree with me that most of the waters supplied in most Nairobi apartments are pumped directly from the borehole into the storage tanks then supplied in the houses for consumption.

Whereas you can drink borehole water, there are rules and regulations defining the parameters to look out for before taking borehole water for consumption.

Borehole water can only be fit for drinking once it has been tested and approved by a health officer.

Unlike mains water, which is actually 60% recycled wastewater, water from boreholes comes straight from the ground making it 100% fresh and natural.

However, since it is coming straight from the ground this means that it could possibly have higher levels of iron, magnesium, calcium or other minerals as well as some bacteria.

Most of these are harmless however, to vulnerable people like babies, it could have some implications on their health, which is why it is important to get the water checked before drinking it.

Treatment of borehole water

Most apartments in Nairobi that have allowed tenants to drink borehole water have been treating it by chlorination. But do you know that this still poses a danger to your health?

Various studies have found that chlorination without regulation is not good for human consumption.

Borehole water can cause high blood pressure

A Nigerian medical doctor once revealed that borehole water consumption can lead to high blood pressure.

Each borehole, if you have not greater than 75mg of chlorine per liter, it’s okay. But by the time it starts getting up to 200mg per liter, it will start giving you a salty taste.

Most Nairobi borehole waters are salty.

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Former Nairobi County Governor Mike Sonko has urged Kenyans on the internet to put Siaya Senator Oburu Odinga Oginga in prayers.

This is after Sonko met the former East Africa Legislative Assembly (EALA) MP at the United Kenya Club in Nairobi.

Sonko who noted that politics has no permanent enemity said Dr. Oburu Oginga was walking on crutches at the time they met.

He urged Kenyans to pray for the speedy recovery of the Siaya Senator.

“There’s no permanent enemity in politics I met the Siaya County Senator Hon. @dr_oburuoginga at the United Club here in Nairobi akiwa na crutches. Hebu let’s pray for his quick recovery,” Sonko tweeted.

Dr Oburu won the Siaya senatorial seat during the August 2022 general election, succeeding James Orengo who successfully contested for the Siaya gubernatorial seat.

He recently underwent a surgery in India.

It was reported that Dr Oginga, who is serving his first term in the Senate, underwent a knee surgery on November 26, 2022 at an Indian hospital known as Yashoda.

While commenting on why he had sought treatment in India, Dr. Oginga said compared to Kenya, treatment in India is cheap, adding that had he been treated in Kenya he would have incurred a bill three times what he has incurred in India.

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Twitter users may soon witness a massive follower count drop on their accounts.

This is after the new Twitter owner Elon Musk Thursday morning announced that the micro-blogging platform is currently purging a lot of spam or scam accounts.

As a result, Elon Musk warned that Twitter users may see a drop in their follower account.

“Twitter is purging a lot of spam/scam accounts right now, so you may see your follower count drop,” tweeted Elon Musk.

Elon Musk has been promising Twitter users that he will get rid of the accounts that deal with spam and scam.

He also claims that bots are big problem for the platform. We can’t be certain if this purge will also decrease the overall presence of bots on the micro-blogging platform.  

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Azimio la Umoja-One Kenya coalition party leader Raila Odinga has hit back at President William Ruto over his outburst on the four embattled IEBC commissioners.

President Ruto Friday morning through his official Twitter account had told off Raila for coming to the defence of IEBC vice-chairperson Juliana Cherera, Francis Mathenge, Irene Masit and Justus Nyang’aya who are staring at an ouster.

Ruto attacked Raila and his Azimio team terming them as “the lords of impunity who destroyed oversight institutions using the handshake”.

Ruto further told the opposition to allow the parliament to hold rogue officials to account.

“The lords of impunity,who destroyed oversight institutions using the handshake fraud,should allow parliament to hold rogue officials who put the nation in danger by subverting the democratic will of the people to be held to account. New order is RULE of LAW not wishes of big men,” Ruto tweeted.

The four commissioners differed with IEBC chairman Wafula Chebukati following the August 2022 general elections when they held a different press conference at Serena Hotel.

Raila who was in the chambers where the Justice and Legal Affairs Committee of the National Assembly began hearing petitions filed against the embattled commissioners said the petitions against them. has other motives.

According to Raila, the ouster process has kicked off while an existing petition in the National Assembly to remove IEBC chairperson Wafula Chebukati has not been tabled.

In response to Ruto’s tweet, Raila has said the opposition will not relent.

“There is due process and natural justice, things aren’t just done at the whims of the executive. The rule of law must prevail and not your jungle laws that you want to institute so as to subjugate Kenyans to a conveyor belt system of elections come 2027. We shall not relent,” he tweeted.

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President William Ruto has fired back at Azimio leader Raila Odinga for coming to the defence of the embattled four IEBC commissioners dubbed as the Cherera four.

Raila together with his Azimio counterparts were in the chambers where the Justice and Legal Affairs Committee of the National Assembly began hearing petitions filed against IEBC vice-chairperson Juliana Cherera, Francis Mathenge, Irene Masit and Justus Nyang’aya.

Th four commissioners differed with IEBC chairman Wafula Chebukati following the August 2022 general elections when they held a different press conference at Serena Hotel.

Raila said the petitions against the four has other motives.

According to Raila, the ouster process has kicked off while an existing petition in the National Assembly to remove IEBC chairperson Wafula Chebukati has not been tabled.

“A petition by Mr Milton Nyakundi Oriku dated 19th September 2022 against the three – Chebukati, Guliye and Molu – was received at the Main Records Unit of the Senate on 28th September 2022. To date, it has not been tabled before the Senate,” said Raila.

Ruto in response told off Raila, terming the Azimio team as “the lords of impunity who destroyed oversight institutions using the handshake”.

Ruto further told the opposition to allow the parliament to hold rogue officials to account.

“The lords of impunity,who destroyed oversight institutions using the handshake fraud,should allow parliament to hold rogue officials who put the nation in danger by subverting the democratic will of the people to be held to account. New order is RULE of LAW not wishes of big men,” Ruto tweeted.

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Manchester United has parted ways with Cristiano Ronaldo.

The club said in a statement on Tuesday that Ronaldo will leave Manchester United by mutual agreement, with immediate effect.

Ronaldo has enjoyed two spells at Old Trafford, scoring 145 goals in 346 appearances for Manchester United.

Cristiano RRonaldo. Photo/Courtesy

“Everyone at Manchester United remains focused on continuing the team’s progress under Erik ten Hag and working together to deliver success on the pitch,” the statement reads in part.

Ronaldo’s exit follows an interview with Piers Morgan in which he criticised Man united head coach and the team board.

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The owner of a building that collapsed in Ruaka last week was Monday arrested at Jomo Kenyatta International Airport (JKIA).

According to the Directorate of Criminal Investigations (DCI), Jennifer Kamau aged 59 years was arrested at 2am as she tried to flee to Texas, USA.

DCI boss Amin Mohamed Ibrahim in a statement on Monday afternoon said DCI detectives based at JKIA pounced on Mrs. Kamau before she boarded a flight destined for Texas, in the United States of America.

The woman was however taken ill after the arrest and was rushed to a city hospital by DCI officers, where she is receiving treatment as she awaits court arraignment.

Two people lost their lives on Thursday last week after a six-storey building belonging to the woman collapsed on an adjacent building, while tenants were asleep at around 3am.

Cases of building collapsing in Kiambu County have been on the rise in the recent past.

On Monday morning, another building in Ruiru, Kiambu County collapsed hours after over 100 households were evacuated.

Authorities have since called on delevelopers to follow due process while putting up such structures.

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Storey building collapses

A five-storey building has collapsed in Ruiru, Kiambu County just hours after over 100 tenants were evacuated.

Kiambu Governor Kimani Wamatangi Sunday afternoon led an evacuation operation after the building was reported to have developed cracks.

Governor Wamatangi led the operation after receiving reports on the danger the building posed from the National Construction Authority (NCA) and the Ruiru OCPD.

This is the second building to collapse in Kiambu within one week. On November 17, another 5-storey building collapsed in Ruaka, Kiambu County. 

Prior to that, another building under construction had collapsed in Tassia, Embakasi East Constituency in Nairobi County.

Authorities have since warned developers to avoid shortcuts while putting up such structures.

Governor Wamatangi who spoke during the Sunday evacuation operation in Ruiru said following due process while putting up structures will help save developers from losses witnessed after the buildings collapse.

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Trade Cabinet Secretary Moses Kuria has fired back at Kenyans reacting to his recent GMO death risk remarks.

This is after a conversation erupted online in response to Trade CS Kuria’s remarks on why the government lifted the ban on GMOs despite the life threatening risks.

In his remarks Thursday, the CS said as it stands, Kenyans are staring at death courtesy of a myriad of risks and there’s nothing wrong with adding GMOs on the list of risks.

Moses Kuria spoke during a press conference at which he announced that the government will soon allow a six-month duty free importation of 10 million bags of GMO and non-GMO maize for food security.

The remarks went viral in a video clip that was widely shared on social media platforms, sparking mixed reactions.

However, MMoses Kuria seems unshaken by the mixed reactions Kenyans have expressed.

Through his official Twitter handle, Kuria on Saturday afternoon said those against his remarks were “rich idlers and Twitterati with a bowl of pizza and fishfingers” who don’t care about those dying of hunger.

He rremarked that the attackers of the government’s GMO policy will equally burn in hell.

“It is completely callous for rich idlers and Twitterati with a bowl of pizza and fishfingers to continue attacking our GMO policy while Hustlers are dying of hunger and poisoned donkey meat. You will burn in hell, ” CS Moses Kuria remarked.

The government early last month lifted the 10-year ban on importation and open cultivation of GMO food crops and animal feeds.

However, there are several risks associated with the consumption of genetically modified organisms. 

The main concerns involve allergies, cancer, and environmental issues, all of which may affect the consumer.

GMOs are also thought to contribute to antibiotic resistance.

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Former Kenya Commercial Bank (KCB) Managing Director Joshua Oigara has been appointed as Chief Executive Officer for Stanbic Bank Kenya and South Sudan.

His appointment takes effect from December 1, 2022.

Oigara left KCB after serving for nine years.

He had spearheaded the company to greater heights during his time with the institution. He had seen the bank grow its revenues substantially, and his role in building partnerships with other companies, including Safaricom had also allowed the bank to expand its offerings, including products such as KCB M-PESA, and its stake in overdraft Fuliza alongside NCBA.

Oigara will report directly to Standard Bank East Africa Regional CEO, Patrick Mweheire.

Stanbic bank is a member of the Standard Bank Group.

Oigara’s appointment follows the exit of the current MD Charles Mudiwa who retires later this year.

Mudiwa plans to retire after a long and illustrious career at the bank spanning more than two decades.

The bank said in a statement on Tuesday that the retirement will take effect on December 31.

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President William Ruto’s United Democratic Alliance (UDA) under the Kenya Kwanza coalition has come up with its East Africa Legislative Assembly (EALA) MP Nominees finalists.

The final list of five members was presented during the Wednesday morning UDA Parliamentary Group meeting chaired by President Ruto at State House, Nairobi.

UDA MPs who attended the meeting were asked to support the nominees ahead of parliamentary voting on Thursday.

The nominees are 1. Hassan Omar, 2. Zipporah Kering, 3. David Ole Sankok, 4. Fred Muteti, 5. Falhada Dekow Iman.

15 nominees had initially been shortlisted for the five slots available for the ruling outfit.

According to President Ruto’s aide Dennis Itumbi, the 10 who did not make it to the final list will be allocated government jobs.

The Parliament will on Thursday vote on Kenya’s nominees to the East African Legislative Assembly.

Azimio la Umoja leader Raila’ Odingas ODM party has nominated the party boss’ daughter Winnie Odinga.

Wiper party has picked Kalonzo Musyoka’s son Kennedy Musyoka to represent Kenya at the Arusha-based EALA.

Former President Uhuru Kenyatta’s Jubilee nominated former Kieni MP Kanini Kega, party Secretary General Jeremiah Kioni and Ruth Mwaniki.

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President William Ruto Wednesday morning hosted the Kenya Kwanza parliamentary group meeting at State House Nairobi.

During the 7am meeting, the UDA MPs were told that the ongoing vetting of Principal Secretaries has been temporarily suspended due to the court order obtained by LSK on Tuesday.

The Employment Labour Relations Court (ELRC) on Tuesday, November 15, issued orders restraining the National Assembly from vetting Permanent Secretaries (PS) nominated by President Ruto.

Justice Nzioki Makau ruled that the process be suspended until the hearing and determination of the application slated for Monday, November 21. 

Justice Nzioki barred the Principal Secretary nominees from appearing before Members of Parliament from various committees. 

Also, in the filed case, the Law Society of Kenya has challenged the list of nominees, arguing that it lacks gender, ethnic and regional balance.

Ruto during the State House meeting also told UDA MPs to focus on delivery and avoid “pushing for selfish and self-serving legislation like changing the Constitution to remove term limits.”

The meeting called by the President Ruto comes amid intensified lobby for the five slots for the East African Legislative Assembly (EALA) membership.

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A home that smells fresh carries an aura of positivity that uplifts your mood as soon as you walk in, which is always a good sign.

Smell is one of our most powerful senses. It tells us what to eat or what perfume to wear. On the human front, the sense of smell is more closely linked with memory than the other senses.

This is partly because it evokes particular memories and is highly emotive, which helps us relax and also draws us to particular people.

1. Clean up smelly areas

A funky smell in a home will be  the first thing that hits you  as you walk in. Ideally, a clean home shouldn’t have a smell .

It should have a fresh feeling signaling that  you’re walking into a clean space, says Alisha Rajan, Kenya Country Manager of home-cleaning service, SweepSouth. 

“Dirty areas harbour odours, and while that may seem obvious, the longer you live with bad smells, the less you notice them. Walk around your home to identify if there are any areas that need to be refreshed. Carpets, curtains, fabric couches, and even cushions trap household smells like cooking and cigarette smoke, and unwashed bedding and towels, and dirty showers are sources of unappealing odours,” she adds.

Other obvious funky-smell traps are rubbish bins, diaper buckets, and pet litter trays that aren’t cleaned out every day. Layering fragrances over these smelly areas won’t help – the most effective approach is to regularly clean them.

“There’s no substitute for a deep cleanse to banish odour offenders – it’s the fastest way to deal with bad smells,” says Alisha.

“If you don’t like strong scents, opt for cleaning products that aren’t too heavily scented, and open windows wide to make your space feel cleaner.”

2. Bicarb magic

There are many great cleaning products on the market, but simple, affordable bicarbonate of soda is the unsung hero of the odour-neutralising world.

When applied to messes around the house, this powdery substance acts as an smell-absorber and a mild abrasive that can quickly loosen stuck-on gunk without damaging the surface.

Pair it with other household cleaners, such as dishwashing liquid, and it becomes an even more powerful cleaning agent, allowing you to break through greasy residue, polish metal, unclog drains, and more.

“Sprinkle bicarbonate of soda on carpets and couches and leave for an hour to absorb smells, then vacuum up the residue,” advises Alisha.

“You can also eliminate stubborn kitchen odours by sprinkling it between layers of trash as the bin fills up. If your fridge has been cleaned but still has a lingering musty smell, place a small bowl filled with bicarb inside on a shelf to absorb the odour. You can even add half a cup of bicarb to a load of laundry to act as a deodoriser,” she says. 

3. Add in subtle scents

If you love a fragrant home, introduce scent in a subtle way by burning a scented candle or an aromatherapy oil.

Find the perfect scent for a room by considering what mood you’d like for it – are you after an uplifting and invigorating feel, or a soothing, relaxed atmosphere? 

  • Grapefruit and basil fragrances are great if you want an energised feel, while  peppermint, eucalyptus, and lemon all impart the feeling of a clean, vibrant space.
  • To create a summary holiday atmosphere, light up  an orange-scented candle infused with the sweet fragrance of pineapple, and even rum!
  • Vanilla scents are perfect for a soothing, warm welcome, and to alleviate anxiety and stress.
  • If strong scents are too much for you, have summer whisper through your home with the soft notes of coconut. 
  • Uplift your senses and relax your mind with bergamot. It’s a mixture of floral, herbal, and spicy notes to uplift your senses and relax your mind.

4. When less is more

While essential oils are a great way to introduce fragrances to your space, if each room has a different scent going on it, it can clash and become overwhelming, cautions Alisha. 

Read up how to best combine and blend aromatherapy scents. For example, if you want to promote an emotionally balanced space, combine lavender, bergamot and juniper berry essential oils.

Orange, lavender, douglas fir, and thyme essential oils can be used to support the immune system of your loved ones and keep everyone in your home healthy.

And, bring the fresh outdoors air in with a blend of lavender, tangerine and eucalyptus. 

Other than lighting a scented candle or an aromatherapy oil burner, you can also make your own reed diffusers, or soak cotton balls with your favourite essential oils and place the balls underneath the lining of your bins and in the inner part of your toilet roll. 

Whichever fragrance you choose, make sure visitors to your home aren’t overpowered by them.

“Visitors may be averse to strong smells, or have allergies, so don’t be tempted to envelop them in a scent, no matter how good it smells to you,” concludes Alisha. 

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Jubilee party has threatened to exit the Azimio la Umoja-One Kenya coalition.

Jubilee Party Members of Parliament have said they will walk out of the political formation if one of their own will not be allowed to sit in the Parliamentary Service Commission (PSC).

They are now demanding one of the three positions set aside for the minority in the commission.

This is after Senate minority whip Fatuma Dullo’s name was removed from the list and replaced by Nyamira Senator Okongo Omugeni.

Dullo was Wednesday kicked out of the nominees to the PSC by the minority in the Senate.

The decision was endorsed by the Senate, with some members accusing her of being gullible and nominating herself to the commission without the knowledge of the leadership.

Conmanship

Laikipia North MP Sarah Korere who was flanked by 10 other Jubilee MPs on Thursday said most of their members were disgruntled by how they have been treated in the coalition, even during the formation of committees in parliament.

Korere noted that Jubilee was not coerced to join ODM in Azimio and should their mebers be mistreated in the coalition, they will leave willingly.

This, she said, is because they have experienced firsthand the conmanship, politics of deceit, and political banditry by their brothers in Azimio.

Parliamentary group meeting

Eldas MP Adan Keynan said they will be holding a parliamentary group meeting to chart a way forward.

He asked the Azimio leadership to fast track the issue, call for a meeting and allow Jubilee to nominate a candidate to the PSC.

The Azimio coalition has struggled to fill the few positions available to them with Jubilee first proposing Sirisa MP John Waluke to the commission.

However, his name was removed from the final list presented to parliament.

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