 It's the 10th day of September 2019 and if it's Tuesday guys, it's strictly business. Good evening and welcome to Y254 channel. Today we are discussing Mata housing Kenyans and how affordable housing under the bid for agenda. Is it achievable or not? Can it be better implemented and it means today I have amazing people who will be helping me put that into perspective. Karibuni guys karibuni feel at home. Sawa sawa. We'll be getting back to them in a while but first I want us to look at news making headlines. Remember you can interact with us on our social media platform that is Y254 channel cuts across all social media platform. The hashtag to use on Twitter is Y254 updates or you can teach me directly at Miriam underscore masava. So let us take a look at our first news. Parliament convened its sitting today afternoon after a month long recess. The lawmakers are expected to pass the division of revenue bill 2019 following a breakthrough in talks over the settlement that had threatened to paralyze operation at the counties. Take a look. Relief for counties as parliament prepares to dispense off with the division of revenue bill this week. After weeks of statements senators yield ground accepting 316 billion shillings as proposed by the national assembly to go to counties. A mediation committee meeting set for Wednesday will ratify the agreement with counties expected to receive their locations as early as next week. Parliament resumed sittings today afternoon with a full entry among them debate on the impending evictions in the mao forest. The breakthrough over the division of revenue bill may however do little even before the dust settles on the controversial parliamentary power. The issue of equity and regional balance propped up due all right moving on is equity group holding inside to expand in the democratic republic of kongo as it it acquires majority stake in commercial bank of kongo and indication that the bank 6 to father consolidate its footprint in the central african market. In a statement the bank announced that it intends to merge the second largest bank in the democratic republic of kongo komashia bank of kongo with its current subsidiary in the dr kongo equity chief executive officer james muangii said the move will help the bank father penetrate in the african market equity group has been on a relatively aggressive regional expansion have entered a preliminary agreement to buy out banks in zambia mozambik tanzania and randa in april 2019 in the period ending june 2019 the group's business in drc posted the second fastest growth in net earnings equity group entered the drc market in 2015 through the acquisition of pro credit the competitions authority has stopped kenya commercial bank from firing national bank of kenya employees this comes after the national bank of kenya and commercial bank of kenya marja deal received the final approval from the capital markets authority paving way for the marja of the two banks nbk chief wilfred msao was the first casuality of the marja after his position was taken over by kcb's head of regional business paul russo following the following the accusation of nbk 1356 workers are said to lose their jobs as kcb moves to streamline the activities of the two lenders however competitions authority has given the workers an 18 months lifeline saying it is in line with the global best practices however it is not clear what will happen to the various margins managers of nbk who are in contract nbk which is a tire two lender has market share of 2.37 percent while kcb controls 14 percent of the tire one segment of the market following the marja the market share of kcb will stand at 16.51 percent making it's the largest bank in the region in market share and capitalization well here is some good news for potato farmers across the country naku gavana li kinyan jui has won potato traders that they risk arrest for packaging irish potatoes in extended bags that weigh more than 50 kilograms this comes after pleas from farmers to standardize packaging so the ministry of agriculture publish regulation in efforts to protect farmers from exploitation by traders kinyan jui says the devolve unit is keen on implementing the new packaging regulations on farm produce transporters have also been put on notice that their motor vehicles would be impounded and owners arrested for wearing irish potatoes in packages weighing more than 50 kilograms potato is the second most consumed crop in the country after maize about 8 million tons are produced in kenya annually remember this is business news we bring you business news from the country from the glove and across the world now moving on on to international business news is that alibaba chaman and co-founder jack ma is expected to step down from the e-commerce on tuesday bringing an end of an era for the farm daniel zam alibaba's chief executive will replace him as executive chairman details of these in other stories in our international business news round up the farm has become one of the world's biggest internet farms with the company being valued at 480 billion dollars the former english teacher co-founded alibaba in 1999 and it has become one of the world's biggest internet farms he oversaw the farms growth into an international heavyweight and it's listing in new york which set a record as the world's biggest public stock offering jack ma will be replaced by daniel zam alibaba's chief executive the tech entrepreneur will remain on alibaba's board of directors meanwhile british airways pilots are striking for a second day in an ongoing dispute of a pay and conditions tens of thousands of passengers have been told not to go to airports with the airline cancelling some 1700 flights due to the disruption the pilot union said british airways management cost cuts and damming down of the brand had eroded confidence in the airline the workout is due to end at midnight although there could be additional unexpected cancelations tomorrow both sides say they are willing to hold further talks but no date has been set the pilots are currently scheduled to stage another strike on the 27th of september finally voxfagen is picking up the pace in its bid to dominate the auto industry's electric future the world's biggest kamek announced that it had struck a deal with sweden's north volt to build a giant battery factory in germany the german company said production of lithium ion batteries will begin in the late 2023 or early 2024 a move that will be vital to voxfagen's ability to mount what it calls the largest electric offensive in the automotive industry worldwide the group plans to launch almost 70 new electric models in the next decade and hopes to build 22 million electric cars over this period it is investing in more than 30 billion pounds into electrifying its fleet over the next four years prompted by in part pressure from regulators and the fallout from its scandal if successful voxfagen could overtake rivals such as tesla and byd well that's all we had for you here on business news that is our news making headlines tonight but remember we have a serious discussion coming after after this break because we are going to discuss about housing canyons and how affordable housing what is not exactly is affordable housing you know it can mean different things to different people so we are discussing that with such an amazing panelist who have joined me tonight so don't go anywhere we are going to take a short break we'll be back after this