Coastweek Newspaper Vol 41 No 20 (June 1-7,2018)

Abstract

Inside this issue: Twahir Ali Aliwa sweeps zanizibar international quran competition: Twahir Ali Alwi is the first Kenyan to win the Zanzibar International held at Jaamiu Zanzibar Masjid, Shilling falling because of rise in dollar demand: The Kenyan shilling went down against the U.S. dollar on Monday as oil importers and corporates sustained demand for the greenback. Three fine for illegal possession of ivory: Three people have been fined one million shillings each or serve five years imprisonment in default for being in illegal possession of four pieces of raw elephant tusks weighing a total of five kilograms, Kenya plans sovereign green bond to plug 18|19 budget deficit: Kenya is planning to float a sovereign green bond to partially plug the 2018|2019 deficit, a government official said on Thursday. Kamau Thugge, Principal Secretary of the National Treasury, told a media briefing the next year’s fiscal deficit will be 5.7 percent of Gross Domestic Product or approximately 5.8 billion U.S. dollars which will be funded equally between domestic and external funding.