Thursday 29 June 2017
(AFP (eng) 06/27/17)
Kenya's election commission announced Tuesday that there would be five million new voters taking part in August polls, raising the stakes for incumbent Uhuru Kenyatta and his longtime rival Raila Odinga. After the first-ever audit of the voter's register -- often seen as a key point at which an election can be rigged -- the election commission (IEBC) announced a final list of 19.6 million voters. "Comparatively, the register of voters has increased by 36 percent (5,222,642 voters) since 2013," IEBC chairman Wafula Chebukati said in a statement. During the audit, 88,602 deceased voters were removed from the list, however the KPMG audit firm said in a report earlier this month that there may still...
(RFI(EN) 06/15/17)
Coastal states in East and West Africa are host to rich fisheries, and to the hundreds of foreign fishing vessels they attract. But environmental groups and local fishermen say they sometimes find habitats damaged, dead fish washed up on the shore and nets and equipment destroyed. Kenyan authorities have long lacked the means to do much about illegal fishing, but they hope a series of new measures will give them greater control over their territorial waters. Read more at: http://en.rfi.fr/africa/20170614-industrial-fishing-african-coast-part-1
(AFP (eng) 06/12/17)
German Chancellor Angela Merkel will on Monday meet African leaders in Berlin on initiatives aiming to reduce the poverty and conflict driving a mass migrant influx to Europe. The idea is to team up African nations willing to reform with private investors who would bring business and jobs to a continent where instability or graft often scare off foreign companies. Merkel is hosting the initiative as part of Germany's presidency of the Group of 20 powerful economies, whose leaders meet in the northern port of Hamburg a month later. Invited to Berlin are Egyptian President Abdel Fattah al-Sisi and the leaders of Ghana, Ivory Coast...
(Bloomberg 06/08/17)
Kenyan opposition leader Raila Odinga said he would consider tax cuts to woo foreign investors and measures to boost manufacturing to drive export-led growth if he wins the country’s presidential elections in August. The National Super Alliance also plans measures to assist small-scale businesses and farmers, and a crackdown on corruption to boost revenue collection if it comes to power, Odinga said in an interview Wednesday in the capital, Nairobi. The party will release details of its economic plans when...
(BBC News Africa 06/08/17)
The first major new railway line in Kenya for more than a century, running between the capital Nairobi and the coastal city of Mombasa, faces an immediate challenge of justifying its relatively high cost. At $5.6m per kilometre for the track alone, Kenya's line cost close to three times the international standard and four times the original estimate. So it is perhaps not surprising that Kenyans have been asking why they seem to have paid so much. Kenya's new 472km...
(Xinhuanet 06/07/17)
Kenya is set to host the third edition of China Week Kenya from June 29 to July 1, organizers said on Tuesday. MIE Events International Events Director Michelle Meyrick told a media briefing in Nairobi that the three-day event will be a business to business trade show featuring Chinese manufacturing companies looking to connect with local and regional firms in Africa. "It will be an opportunity for the local community to develop direct trading links with high-end Chinese product manufacturers,"...
(Financial Times 06/07/17)
Government move will help lossmaking airline raise additional capital for recovery. The Kenyan government will offer Kenya Airways’ creditors $750m in guarantees to help the heavily-indebted and lossmaking airline raise additional capital to continue its recovery, official documents have revealed. The Ks24.56bn ($238m) the government has lent the company since 2014 will be converted into equity, government officials said. The guarantees, which are subject to parliamentary approval, will cover $525m owed to the US ExIm Bank and $225m borrowed from...
(Bloomberg 06/07/17)
Kenya’s government agreed to swap loans it provided to Kenya Airways Ltd. for equity, a conversion that may give the state a controlling stake in the national carrier, Treasury Secretary Henry Rotich said. The government will also guarantee 77 billion shillings ($745 million) of the airline’s debt to lessors and domestic banks, enabling Kenya Airways to extend its loan repayments to 10 years, Rotich told reporters Tuesday in the capital, Nairobi. The government has yet to decide what amount of...
(Business Daily 06/06/17)
Kenya will ship out crude from Turkana oilfields three times in a year as vessels require more than 10 times the daily output. The country is this month expected to evacuate 2,000 barrels per day from Turkana via road to storage tanks in Mombasa. Petroleum principal secretary Andrew Kamau said the oil will be stored at Mariakani refinery tanks for between three and four months and amass adequate quantities to fill a ship. “Kenyan oil will be exported about three...
(Daily Nation 06/06/17)
The government has moved to convert its existing loans in Kenya Airways #ticker:KQ into equity as part of a capital restructuring plan. Treasury has also announced that it will guarantee long-term loans totalling $750 million (Sh77.3 billion) that KQ owes Export-Import Bank of the United States of America ($525 million) and local lenders ($225 million). These guarantees are being made in exchange for “material concessions”, includes extension of debt tenures, which will improve the airline’s repayment obligations. The Kenyan government...
(Daily Nation 06/02/17)
A top Chinese official has rubbished claims circulated on social media that the locomotives used to propel trains on the standard gauge railway are refurbishments of old models. China's vice-minister for Foreign Affairs Zhang Ming said his country abhors the export of any used item and that there was no chance that a previously used machine could find its way to Kenya. At a press briefing with Kenyan and Chinese journalists at a Nairobi hotel, Mr Zhang, who was China's...
(The Guardian 06/02/17)
Food shortages, spiralling prices and rampant corruption cast a long shadow over Uhuru Kenyatta’s government ahead of elections in August. The severe drought affecting Kenya, which has driven up the cost of food and fuelled inflation, has become a key issue on the election campaign trail. Food security has deteriorated since the end of 2016 and conditions remain dire in half of the country’s 47 counties. The situation has been exacerbated by the impact of climate change, and it is...
(RFI 06/02/17)
Kenya on Wednesday unveiled the first section of its 12-billion-euro railway. The standard gauge railway (SGR) will link Nairobi with the port city of Mombasa, and eventually to cities in Uganda, Rwanda and South Sudan. Billed as the most ambitious project since Kenya's independence in 1963, it's also controversial. Are Kenyans getting good value for their money? That's the overriding question being asked about the SGR. "I was among a group of people who wrote a letter to the president...
(Daily Nation 06/01/17)
Each constituency will get Sh101 million for grassroots development projects in the year starting July as the allocation formula continues to disadvantage marginalised areas. MPs, in a new law that shares money from the Constituency Development Fund (CDF) equally among the 290 electoral zones, removed land area and fiscal responsibility from the allocation formula. This means that a poor constituency such as Lunga Lunga in Kwale County will receive the same amount as Nairobi’s Starehe. MPs retain influence over CDF as patrons. In the current financial year, the legislators shared Sh25 billion after the High Court reduced the allocation from Sh35 billion.
(Daily Nation 06/01/17)
Nairobi Securities Exchange (NSE) has revised its profits upwards by Sh5 million following the approval of a tax waiver by the Treasury. Treasury cabinet secretary Henry Rotich in January approved a tax waiver of 32.5 per cent of the outstanding penalties and interest owed on corporate tax, withholding tax, PAYE and VAT for the years 2008 to 2011. The self-listed bourse was required to pay the 62.5 per cent balance amounting to Sh14.5 million. Sh19.5 million had been provided for...
(AFP (eng) 05/31/17)
Kenyan President Uhuru Kenyatta on Wednesday inaugurated a Chinese-built railway, the country's biggest infrastructure project since independence that is aimed at cementing its role as the gateway to East Africa. Dancers and a military band entertained passengers and dignitaries from Kenya and China shortly before they, and Kenyatta, were to take the maiden journey from a gleaming new terminal in the port city of Mombasa to Nairobi. The five-hour journey will take less than half the time to drive between the two cities, a hair-raising trip on a one-lane highway clogged with lumbering trucks and where accidents claim dozens of lives each year.
(Xinhuanet 05/31/17)
The Kenya Railways Corporation (KRC) and the China Road and Bridge Corporation (CRBC) on Tuesday signed an operations, maintenance and service agreement for the Mombasa-Nairobi Standard Gauge Railways (SGR). KR Managing Director Atanas Maina told a media briefing in Mombasa that under the deal, CRBC will from Wednesday take over as operator of the 480 km SGR. "CBRC's key functions, will be to run the railway system in accordance with schedule of the agreement with KR and also to undertake...
(Reuters (Eng) 05/31/17)
In a roadside cafe in Kenya's majestic highlands, Elly Sigilai cradled a steaming mug of tea and recalled how 17 relatives died after British colonialists ousted them in 1934 to plant tea on their family land. The 79-year-old is one of hundreds of elderly Kenyans seeking to sue the British government for alleged displacement and torture by its colonial predecessor, in a case that could encourage other former colonies to press similar claims. "Those on this list died from malaria...
(Xinhuanet 05/31/17)
Kenyan President Uhuru Kenyatta on Wednesday launched the passenger train service of the 480-km Mombasa-Nairobi Standard Gauge Railway (SGR). Kenyatta said the railway marks a new chapter in the history of Kenya. The modern railway will replace the meter-gauge railway that was constructed more than 100 years ago during the British colonial rule, Kenyatta said. "Today we celebrate the laying of one of the key cornerstones to Kenya's journey of transformation to an industrial, prosperous and middle income country," he...
(Xinhuanet 05/31/17)
The Chinese-built railway linking Kenya's capital of Nairobi and the port city of Mombasa was officially launched on Wednesday, accelerating the country's steps on the path toward industrialization and modernization. As Kenya's first new railway in a century and the largest infrastructure project since its independence, the Standard Gauge Railway (SGR) carries hopes and dreams of the Kenyan people for a more prosperous future. Construction of the railway began in December 2014. With tremendous efforts by both sides, China and...

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