Tuesday 12 December 2017
(Daily Nation 07/08/13)
The IEBC tribunal on Monday ruled that Cord's Kethi Kilonzo was not a registered voter but upheld the nomination of Jubilee's Prof Philip Kaloki to vie for the Makueni senate seat. The tribunal spent Friday and Saturday trying to determine whether Cord's Kethi Kilonzo and and Jubilee’s Kaloki met the threshold set out in law to participate in the by-election which was occasioned by the death of Senator Mutula Kilonzo on April 27. The tribunal revoked Ms Kilonzo's certificate of nomination and said it would commence investigations as to how it was issued. However, Prof Kaloki argued that he resigned from Wiper party and joined Narc within the time limits. "We rule that the nomination of Kaloki by Narc was...
(Kenya Star 07/08/13)
Nairobi - Kenya will still issue its debut $1 billion Eurobond in the second half of this year despite rising borrowing costs in the international markets, a senior Treasury official said on Monday. Emerging debt prices have fallen as a sharp rise in US yields robs riskier borrowers of their usual yield appeal. The jump in US Treasuries followed comments in May by the Federal Reserve that it could start unwinding its stimulus this year. Fed Chairman Ben Bernanke caught markets off guard by announcing after that the bond buying could run its course by mid-2014, depending on job market developments. “The markets are still not firmly set in one direction. They are just jittery after what Bernanke said so...
(Business Daily 07/08/13)
The taxman has locked horns with importers over lapses in meeting guidelines meant to enable the government raise Sh15 billion for laying of a standard gauge railway line. The importers are particularly angered by the delay in collecting the railway development levy (RDL) and compulsory inspection of all small containers by Kenya Revenue Authority (KRA) officials. The standoff came to the fore last week as KRA began to implement the customs revenue measures outlined by Treasury secretary Henry Rotich in the 2013/14 budget. “The collection of RDL is causing mayhem both at the sheds and banks due to long queues,” said Mr Boaz Makomere, the Kenya International Freight and Warehousing Association (KIFWA) chairman, in a letter addressed to members last...
(New Business Ethiopia 07/08/13)
To enable Djiboutian population’s access to a reliable, renewable and affordable source of energy, the government of Djibouti eyes a new project supported by the African Development Group (AfDB) and the Sustainable Energy Fund for Africa (SEFA). The AfDB alone has mobilized 5.31 million US dollars grant from the African Development Fund (ADF), 400,000 US dollars loan from the African Development Fund (ADF), and USD 1.8 million US dollars from SEFA. The government of Djibouti will also make a contribution. Currently Djibouti relies mostly on fossil fuels and some hydropower imports from Ethiopia. The majority of the country’s current generation capacity is situated in Djibouti City. The existing power stations are old, polluting and expensive to operate. In addition, fuel...
(Capitalfm Business 07/08/13)
Learning in public schools throughout the country will remained paralysed for the third week starting Monday, after teachers defied pleas to call off their strike. The Kenya National Union of Teachers chairman (KNUT) Wilson Sossion said teachers would not budge from their position, and told the government to stop what he termed as threats and instead "put money on the table." He said the teachers were ready for negotiations, rebutting claims that they had refused calls for dialogue by the government on the matter. "We have been invited to one meeting only since the strike began and we attended. Then we asked them, can you give us the money? They asked for some time out which lasted for almost the...
(BBC News Africa 07/08/13)
More than 1,000 children suspected of under-age drinking were arrested in Kenya's capital Nairobi over the weekend, police say. Bars and clubs were raided after complaints that they had become crowded with schoolchildren during a three-week teachers' strike. Most of the children were later released because there were not enough cells to hold them, police said. Teachers are on a nationwide strike to demand better pay. The Secretary General of the Kenya National Association of Parents, Musau Ndunda, said it was sad that children spent their time in bars and clubs instead of school. "But it is the government which should be blamed for not being keen to resolve the teachers strike," he said. "Instead of playing politics, why not...
(In2 East Africa 07/08/13)
Leader of Majority in the National Assembly Aden Duale has said the removal of journalists from the media centre in the National Assembly was an initiative by Cord leaders. Duale said deputy Leader of the Minority Jakoyo Midiwo moved the agenda to relocate the journalists from the centre to the press gallery in the Chamber. “There are records in House Business Committee (HBC) clearly indicating Cord leadership pushed for the agenda to confine journalists to the Press Gallery, and those records are available for public perusal,” Mr Duale said. He said that for Mr Midiwo to turn around and claim it was the Jubilee side under National Assembly Speaker Justin Muturi who were behind the move is hypocritical but a...
(Business Daily 07/08/13)
Foreign private security firms have opened offices in Mombasa and Mauritius to cash in on the piracy fears by commercial shippers and oil exploration vessels operating within the East African coastline. Although anti-piracy mission through the NATO ocean shield operations in the Horn of Africa region has reduced related attacks, vessels exploring gas and oil in Kenya and Tanzania are not taking chances. According to the Seafarers Union of Kenya (SUK) secretary-general Andrew Mwangura demand for security has given firms opportunity within the Indian Ocean waters. He cites the Port of Mombasa where such firms operate 17 boats with a capacity of between seven and 10 guards escorting vessels sailing out of southern and eastern coasts of Somalia. “Private security...
(Ventures-Africa 07/08/13)
VENTURES AFRICA – Ideas rule the world and in this age, innovation is key. Businesses thrive on Eureka! moments, as innovation has become the benchmark for excellence. For most businesses/entrepreneurs the effective application of ideas determines whether a startup progresses to a multi-billion dollar company, a la Google, Facebook, Apple, or goes bust! African entrepreneurs have also tapped into the endless stream of Eureka! moments and have turned ideas to million-dollar businesses - ask iROKOtv, Justin Stanford or Kamal Budhabatti to name a few. On Africa’s Most Innovative Companies today, we feature Rasello, a company which helps you “manage, understand and communicate better to the people that matter most to your business.” There is no major reason behind the name...
(This Day Live 07/08/13)
The Africa Finance Corporation has disclosed plans to invest over $250 million in the power sectors in Nigeria, Ghana and Kenya.The corporation also said it would also accelerate the investment of another $1billion in additional in sub-Saharan Africa energy projects. A statement from the AFC, also announced that the corporation would be a key partner in the five-year $7 billion power initiative for Africa announced by the US President, Barack Obama during his recent visit to the continent. The US Power Africa Initiative, coordinated by the United States Agency for International Development (USAID), is a multi-stakeholder partnership between the United States government, the Overseas Private Investment Corporation (OPIC); the US Export-Import Bank (Ex-Im); the Millennium Challenge Corporation (MCC); US Trade...
(Daily Nation 07/08/13)
US conglomerate General Electric and the United States Africa Development Foundation (USADF) have announced a Sh168 million (USD2 million) challenge that is aimed at supporting local energy solutions to meet the needs of communities and enterprises currently not served by the national grid system. The Challenge, launched in Nairobi on Monday will see about five qualified applicants get Sh8.4 million (USD100,000) each to implement their innovative ideas in electricity generation. They will also receive technical assistance from General Electric (GE), which is involved in power generation activities to develop and scale-up their innovations. “We bring in the technology but the indigenous people on the ground have insights on what works best for Africa and how we can localise our solutions...
(Business Daily 07/08/13)
A number of laws have been enacted this year to ensure that the County Governments are managed effectively. Most of these laws are transitional to ensure counties remain operational pending legislation of more laws pertaining to their management. One of these laws is the Transition County Appropriation Act which authorises issue of money out of the county funds for named county expenses. The amount authorised for each county is very specific in the Act. The Transitional County Allocation of Revenue Act provides the mechanism of allocating the revenue raised nationally among the various counties. We expect many more laws to be enacted going forward by every county under what is called county legislation. The devolved system of Government will encourage...
(The Star 07/08/13)
The Independent Electoral and Boundaries Commission is scheduled to deliver a verdict on complaints over the eligibility of Wiper candidate Kethi Kilonzo and Narc candidate Philip Kaloki to run for the Makueni Senate seat at 2.30 this afternoon. In a hearing that began on Friday last week the IEBC’s Dispute Resolution Committee heard that Kethi was not a registered voter and the Karen polling centre where she claimed to have registered does not exist. However, Kethi insisted that she was a duly registered voter and that she was rightly cleared by the IEBC to contest the by-election scheduled for July 22. The commission was also asked to reject the candidature of Kaloki as he presented his papers after the deadline...
(In2 East Africa 07/08/13)
President Uhuru Kenyatta on Saturday met with former President Daniel Moi at his Kabarak residence, where they held a closed-door meeting. Uhuru, who has been on a visit to Nakuru County to open ASK Show, was accompanied by Chief of Staff and Private Secretary to the President at State House Jomo Gechaga, former Rift Valley PC Osman Warfa, Rongai MP Raymond Moi and politician Eugene Wamalwa. The last time Uhuru held a private meeting with Moi was after the March 4, General Election at his Kabarnet gardens in Nairobi. During the meeting, which lasted for one hour, the former president held talks with President Kenyatta alone and none of the aides was allowed in. “They were very jovial and nobody...
(Standard Digital 07/05/13)
Deputy President William Ruto has once more appealed to teachers to call off the strike and go back to class for the benefit of learners. Mr Ruto called on their umbrella body Kenya National Union of teachers ( Knut) to drop its hard-line stand and come to the negotiating table adding that the Government was ready and willing to address the issues raised by the teachers. However, he pointed out that going forward, the Government had resolved to adopt a structured manner in addressing the dispute ‘in accordance with the law and constitution’ unlike in the past. “We do not want confrontation based on deals cut outside the law,” he said adding that in any civilised society, people must engage...
(Capitalfm Business 07/05/13)
Nairobi — The International Criminal Court (ICC) Trial Chamber V has directed the Office of the Prosecutor to give the Kenyan government adequate notice while requesting for information meant to aid its case. Trial Chamber V was responding to concerns raised by Kenya, following several accusations by Prosecutor Fatou Bensouda alleging that it was frustrating her efforts to access information for her case. Presiding Judge Chile Eboe-Osuji, Judge Olga Herrera and Judge Robert Fremr said that the prosecution must formally notify the Kenyan government of all relevant filings in a timely manner. The Chamber V Judges added that Kenya would get an opportunity to defend itself whenever the prosecution requested a relief claiming that Kenya was to blame. "Notwithstanding the...
(Washington Post 07/05/13)
NAIROBI, Kenya — An ambitious plan by Kenya’s government to give laptops to schoolchildren has been opposed by parents who say the money for the computers should instead go toward raising teachers’ salaries and feeding children. The program is bound to fail in a country that lacks enough teachers and where others strike regularly for better pay, Musau Ndunda of the Kenya National Association of Parents said Thursday. Kenya currently has a shortfall of 40,000 teachers, and more than 200,000 teachers in public schools across the country are currently striking over unpaid housing, transport and hardship allowances promised 16 years ago. Ndunda said Kenya also needs 42,000 classrooms. He said the money used for the laptops needs to be used...
(Ventures Africa 07/05/13)
VENTURES AFRICA – Kenya’s three top billionaires have boosted their shareholding in Safaricom in the year ended May this year, as investors continue to be attracted to the telecoms giant’s surging stock price. Well-known billionaires Chris Kirubi, John Kimani and Baloobhai Patel acquired more Safaricom’s shares in the year ended May this year, according to the filings at Capital Markets Authority (CMA). According to Business Daily, Safaricom’s stock price shot up to a five-year highs in May this year, attracting interest from many investors including these billionaires. Kirubi’s shareholding surged to 5.5 million shares between February and May this year, making him one of the top 10 investors in the company. Kirubi has a total shareholding in the Nairobi Securities...
(Daily Nation 07/05/13)
Retirement benefits management company Alexander Forbes has launched a programme that will enable employees secure mortgages using their pension. Speaking in Nairobi on Friday, the Alexander Forbes group chief executive officer James Olubayi said that members can use up to 60 per cent of their accumulated benefits under the fund as security for purposes of acquiring a mortgage. “Housing needs of Kenyans by far outstrip the supply. This is now an opportunity for members of the retirement fund to leverage off their existing savings to secure a home without risking their long term financial security in retirement. Members of the retirement fund can utilise up to 60 per cent of their accumulated benefits as security for acquiring the mortgage,” said...
(New Vision 07/05/13)
The Kenyan Government and Wildlife conservationists are still investigating circumstances under which a consignment of about one and a half tones of ivory reportedly entered the country through Uganda. Officials at the Kenyan port city of Mombasa on Wednesday seized the consignment of ivory reportedly hacked out of poached elephants-the latest in a series of seizures by the Kenyan, according to Kenya Wildlife Service spokesman Paul Udoto. The seizure of the ivory stashed in 69 bundles of several pieces and disguised as sundried fish came after 35 pieces of ivory concealed in metallic suitcases were impounded by Uganda Revenue Authority customs officials as they were being cleared at Entebbe Airport for transportation to Malaysia in July 2012. They were handed...

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