Friday 23 June 2017
(National Mirror Online 06/25/13)
Africa has lost at least $200 billion in five decades to illegal fishing and another $100 billion in illegal bunkering since 2003. Speaking at the opening of the Summit of Heads of States and Governments of the Economic Community of Central African States, ECCAS, the Economic Community of West African States, ECOWAS, and the Gulf of Guinea Commission, GGC, the African Union Commission Chairperson, Nkosazana Dlamini- Zuma, warned that such incursion should not be allowed to continue. The summit with focus on maritime safety and security in the Gulf of Guinea opened yesterday in Yaoundé, the Cameroonian capital with President Goodluck Jonathan in attendance, among 25 other African leaders. Jonathan, who had last week raised serious concern over crude oil...
(New Vision 06/24/13)
Kenyan President Uhuru Kenyatta arrives in the country Monday on a three-day official visit. According to the executive director of the Uganda Media Centre, Kenyatta has been invited by President Yoweri Museveni. This will be Kenyatta’s first visit as head of state. He has already been to Tanzania, Ethiopia, South Africa and the UK. Sources said top on the agenda will be discussion about the fate of Kenyatta and his deputy William Ruto who are both facing the International Criminal Court (ICC) over post-election violence that rocked Kenya following the disputed 2007 elections. During Kenyatta’s swearing-in ceremony, President Museveni, who was the chief guest, blasted the ICC and accused it of trying to use the court to determine the election...
(Capitalfm Business 06/24/13)
Mandera — At least fifteen people were killed and dozens wounded in a grenade attack in Mandera on Sunday afternoon. The attack occurred at Choroka area in Banisa where two clans have been fighting since Friday night when five people were killed in the region. According to police, a rocket propelled grenade was fired at a camp hosting internally displaced families from one of the warring communities, killing ten people on the spot. "We have lost ten people after the grenade attack, those killed were in one of the IDP camp where people displaced in recent attacks have been staying," a police officer in Mandera, who requested anonymity, said. The Kenya Red Cross said it had dispatched a helicopter to...
(BBC News Africa 06/24/13)
A grenade attack has killed at least 15 people in north-east Kenya, close to the borders of Somalia and Ethiopia. More than 20 people were injured in the attack about 30km (18 miles) from the town of Banisa, in Mandera county. The violence reportedly broke out in a camp for displaced people. It follows fighting on Friday between two clans in the same area which left at least six people dead. Hundreds are reported to be fleeing. Police have now deployed more officers to the region. A police officer in Mandera was quoted by AFP news agency as saying: "Those killed were in one of the IDP (internally displaced people) camps where people displaced in recent attacks have been staying."...
(Business Week 06/24/13)
On June 26, Barack Obama is making his first trip to Africa as America’s president. It’s questionable whether the trip is worth it—and not just because, as the Washington Post guesstimated, the trip’s price tag is as high as $100 million, including costs for fighter jet coverage as the First Family tours around. (That’s equivalent to two months of government health spending in Tanzania, a country of 46 million people.) A week of presidential visits to Robben Island and glad-handing local leaders will mean little if the U.S. doesn’t change policies to engage with the region more seriously. According to the U.S. Ambassador to Tanzania, Obama’s trip to Africa, five years into his presidency, will focus on economic cooperation, strengthening...
(Business Daily 06/24/13)
Australian Securities Exchange-listed exploration firms FAR Limited and Pancontinental Oil and Gas are seeking to sell part of their exploration rights on a block off the coast of Kenya, to raise funds that will be used in drilling. FAR Limited currently owns 60 per cent of block L6, which has three prospects; Tembo, Kifaru and Kifaru West, while the remaining 40 per cent of the joint venture is owned by Pancontinental. “The Kifaru Prospects are interpreted to have oil potential and the Joint Venture is currently seeking a farminee for a first well, possibly in 2014,” said Pancontinental in its latest shareholder update released on Monday. In disclosures contained in its latest annual report for the period ended December 2012,...
(AFP (eng) 06/24/13)
At least 10 people were killed Sunday in a grenade attack on a camp for displaced people in the far northeastern tip of Kenya near the borders with Somalia and Ethiopia, police said. "We have lost 10 people after a grenade attack. Those killed were in one of the IDP (internally displaced people) camps," where people have been staying after fleeing recent attacks, said a police officer in Mandera county, two days after inter-clan violence claimed nine lives in the region. The attack took place in an area where the Garre and Degodia clans have been feuding for several months. The violence has since spread to neighbouring Wajir county. It also occurred as leaders from the region met officials from...
(AFP (eng) 06/24/13)
Kenyans, compatriots of the father of US President Barack Obama, are perhaps some of his most ardent supporters in Africa. But Obama's skipping of Kenya on an Africa tour later this month, against a backdrop of upcoming crimes against humanity trials of its leaders, has not only sparked disappointment but also highlighted Nairobi's diplomatic quandary. The 44th US president will leave on his third official African visit on June 26, touring Senegal, South Africa and Tanzania, but his itinerary bypasses Kenya. Kenyan President Uhuru Kenyatta and Vice President William Ruto, elected in March, both face trial at the International Criminal Court (ICC) for their alleged roles in orchestrating deadly violence that left more than 1,000 people dead in the aftermath...
(Ventures-Africa 06/24/13)
VENTURES AFRICA – Try trading Ethiopian birr (ETB) for American dollars (USD). You have to call one guy who calls another guy, says Messai, and then suddenly someone is at your door with the dollars you requested. New regulations on how many dollars a local bank can provide a person traveling outside the country has boosted the local informal market for dollars. Banking in East Africa can be an adventure in all sense of the word. In Tanzania, banking penetration sits just under 20 percent. In a working paper by the World Bank, 47 percent cited distance as a reason for not having an account. The country also ranked near bottom in bank branch penetration, averaging less than 0.5 bank...
(Voice of America 06/24/13)
KOGELO, KENYA — U.S. President Barack Obama begins his much-anticipated tour of Africa on June 27 with one glaring omission: the president will not be visiting Kenya, the birthplace of his father. Obama's ancestral home is a tiny town called Kogelo in western Kenya. His name adorns schools and restaurants there and members of his family still live in the area. And while many hoped he might visit the area on his tour of Africa, Obama will not be calling on Kogelo or any other place in Kenya. His only East African stop will be in neighboring Tanzania. The president’s uncle, said the family will always welcome him home but has come to understand that the president has to represent...
(Daily Nation 06/24/13)
Kenya is ranked among the world's 20 most unstable countries in an annual "failed-state index" published on Monday by a Washington think tank and an online international affairs journal. Successful efforts to prevent a repeat of the post-election violence of five years ago did not impress the analysts at the Fund for Peace and Foreign Policy magazine. "The elections, thankfully, were relatively peaceful," acknowledges the brief entry on Kenya, which is listed in 17th place on the index -- one spot better than in 2012. "But, as the International Crisis Group writes," the Kenya commentary continues, "'the conflict drivers that triggered the 2007 bloodshed, including a culture of impunity, land grievances, corruption, ethnic tensions, weak institutions and regional and socio-economic...
(Africa Review 06/24/13)
At first it might not look like it, but the exchanges between Egypt and Ethiopia over the latter’s Renaissance Dam that the region witnessed these past two weeks, tell us a lot about the tensions defining what the East African Community will look like in the years to come. The dam on the River Nile, which Addis Ababa projects will cost $4.7 billion, will produce 6,000 Megawatts of power when fully developed, making it the largest hydroelectric power plant in Africa, and the 14th largest in the world. Egypt, which has in the past threatened to go to war over its “rights” to the Nile’s waters, issued a stern warning. Egypt’s Minister of Water Resources and Irrigation Mohamed Bahaa-Eddin, arguing...
(AFP (eng) 06/24/13)
JOHANNESBURG, June 24, 2013 (AFP) - Nelson Mandela was critically ill in hospital on Monday after his condition suddenly deteriorated, leaving South Africans anxiously awaiting the latest news of their revered anti-apartheid icon. "The condition of former president Nelson Mandela, who is still in hospital in Pretoria, has become critical," presidential spokesman Mac Maharaj said in a statement late Sunday. The frail 94-year-old was admitted to hospital over two weeks ago, in the early hours of June 8, for treatment for a lung infection. But after intensive treatment at Pretoria's Mediclinic Heart Hospital and some signs of improvement, his condition deteriorated. President Jacob Zuma visited Mandela on Sunday evening and was told by doctors "that the former president's condition had...
(Business Week 06/24/13)
NAIROBI, KENYA - The Kenyan government plans to carry out an audit to check the extent of counterfeit trade in the country. Kenya is currently losing an estimated $823.5 million to counterfeit trade annually. The government through the Anti-Counterfeit Agency will spend some $352, 941 on the exercise that seeks to take stock of the menace in all affected areas. The audit will be conducted in partnership with theKenya Institute for Public Policy Research and Analysis (KIPPRA). According the Anti-Counterfeit Agency Executive Director Stephen Malowa, the exercise will start in August and in the interim target fast moving consumer goods, a sector heavily affected by the practice. Literally every item in Kenya currently has a matching counterfeit, a situation that...
(Ethiopian Radio and Television Agency 06/24/13)
Small-scale farmers across Kenya are turning to village savings schemes in order to finance their activities and ensure high levels of productivity in their business. This is a report by Daily Nation, Kenyan online news website. Engagement in the saving schemes has taught them the culture of savings and also facilitated collective financing for expansion of farming under the Youth in Agriculture Trade and Enterprise (Yate) project, which is administered by Farm Concern International, a regional non-profit group. In Kanyombora area, Embu County, several youth groups often meet weekly and collect contributions from group members. Each group decides how much money should be taken to their joint account and how much should be used to buy farm inputs. Several small-scale...
(Business Daily 06/24/13)
The Kenya Forestry Research Institute(KEFRI) is developing a curriculum for farmers on management, entrepreneurship and and farm husbandry. The short courses being developed would be offered by Mount Kenya University which has partnered with the institute for the programme - Plant Based Entrepreneurship Training - that is set to start next month. “This is a collective venture that will equip the participants with skills on how to invest their resources well and add value to their life through increased training opportunities,’’ Mount Kenya University Vice-Chancellor Stanley Waudo said. The programme is financed by donors and the two organisations will provide knowledge and personnel with the first 20 trainees being drawn from Embu and Meru districts. The courses to be run...
(Bloomberg 06/24/13)
Tourism revenue in Kenya, the country’s second-biggest foreign exchange earner, is forecast to rise to more than 100 billion shillings (1.2 billion) this year, Muriithi Ndegwa, head of the tourism authority, said. East Africa’s largest economy expects a boost after the passage of peaceful elections in March eased concerns by tourists about violence and political instability, Ndegwa, managing director of the Kenya Tourism Board, said in an interview today in the capital, Nairobi. “We expect to surpass the 100 billion shilling mark this year on increased visitors as a result of the peaceful elections,” Ndegwa said. Arrivals may rise 10 percent, he said. Tourism income fell to 96 billion shillings last year from 97.9 billion shillings in 2011, while arrivals...
(AFP (eng) 06/22/13)
JOHANNESBURG, June 22, 2013 (AFP) - The ambulance that rushed Nelson Mandela to hospital two weeks ago broke down and another had to be called, but the mishap did not endanger the anti-apartheid hero, the South African presidency said Saturday. "All care was taken to ensure that the former president's medical condition was not compromised by the unforeseen incident," presidential spokesman Mac Maharaj told AFP. The ambulance had engine trouble on its way from the 94-year-old Mandela's Johannesburg home to a specialist heart clinic in Pretoria, some 55 kilometres (30 miles) away. Doctors are "satisfied" that Mandela, who is battling a serious lung infection, suffered no harm during the wait for a replacement ambulance, Maharaj said. Maharaj said the "fully...
(The Star 06/21/13)
THE country needs to spend at least Sh340 billion annually for the next ten years to meet all its infrastructure needs as contained in the Vision 2030 economic blueprint, the National Treasury estimates. According to the Treasury, while the country spends a sizeable amount of funds to meet its infrastructure needs, the African Infrastructure County Diagnostic report estimates that Kenya's infrastructure funding gap is about Sh178.5 billion ($2.1billion) per year. This financial year, the government has allocated Sh288.5 billion for improving infrastructure and management in counties, cities, and urban centers, attaining efficient and economic road transport, expanding generation capacity and access to electricity, developing modern national ICT infrastructure and expansion of the ports and rail facilities. Out of this, some...
(Business Daily 06/21/13)
The Kenyan shilling weakened on Friday as importers bought dollars to meet end-month payments for their supplies, while shares broke a two-session rally. The shilling was posted at 85.85/95 to the dollar by the 1300 GMT market close, weaker than Thursday's close of 85.65/85. The currency has weakened 1.2 per cent since east Africa's biggest economy proposed to introduce a capital gains tax last Thursday. That move coincided with a broad sell-off of emerging market assets over the U.S. Federal Reserve's hints that it will soon end its bond-buying stimulus programme. The shilling is still 0.5 percent stronger so far this year. "Towards end-month we're going to have more demand than supply as importers come in to buy dollars," said...

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