Wednesday 18 October 2017
(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...
(Ventures-Africa 06/21/13)
VENTURES AFRICA - To combat poor internet connectivity in Africa, founders of Ushahidi, David Kobia, Juliana Rotich, and Erik Hersman, are set to launch a modem, BRCK, that provides internet connection even without electricity. BRCK, is a product designed by Africans, for Africans to work best in areas of the continent where internet connectivity is unpredictable. It can work even in remote areas where there are fairly unreliable internet connections. Head at MIT Center for Civic Media Ethan Zuckerman described it as, “the equivalent of a backup generator for the net.” BRCK connects two mains and has a battery that could work for 8 hours without power. It works much like a cell phone by gaining its connectivity through a...
(Voice of America 06/21/13)
The chairman of the Kenya National Union of Teachers (KNUT) says his group’s members want a “sensible” commitment from the government to meet their demands for improved living conditions. Wilson Sossion says previous governments have failed to meet teachers’ demand for improved conditions despite of repeated promises. The teachers group demands payment of allowances set out in a 1997 collective bargaining agreement with the government, which amounts to shillings 41 Billion [$478,692,630]. “To indeed see any further progress with the government we want sensible commitment of our demands which have been pending for the last 16 years. Otherwise, we are not prepared to go for unproductive talks with the employer, the Teachers Service Commission [TSC],” said Sossion. “If government allocates...
(Standard Digital 06/21/13)
President Uhuru Kenyatta has assured Kenyans that the Government is committed to reducing the cost of living and ensuring prices of basic necessities are affordable. Uhuru’s reassurance comes just a week after Treasury Cabinet Secretary Henry Rotich announced he would re-introduce the VAT Bill in Parliament when he unveiled the Budget last week. The controversial Bill could increase the price of basic commodities. However, speaking yesterday during the National Prayer Day, Uhuru said the Government was keen to transform the country into a middle-income economy where all Kenyans can enjoy high standards of living. “I assure Kenyans that my Government is taking all possible measures to reduce the cost of living and ensure basic necessities are affordable to all Kenyans,”...
(The Star 06/21/13)
The Kenyan population is projected to shoot to shoot to 73 million people by the year 2030, a population expert said yesterday. The National Council for Population and Development deputy director for policy and research Vane Lumumba said yesterday the rapid population growth rate would stifle economic growth. She said it was thus imperative to manage the country's population. "The country's population growth that stood at 38 million in 2009 will balloon to 73 million by the year 2030 going by the current growth rate. That will put a strain on social services and retard the country's economy," said Lumumba. She was speaking at a Kitui hotel yesterday during a family planning campaign briefing. It was official opened by the...
(Business Daily 06/21/13)
President Kenyatta has said non-performing civil servants will be sacked. The President stated failure to deliver will not be tolerated, saying politicians seek fresh mandate from Kenyans every electoral cycle. "So those public servants who think that they will wait for another administration to come and then continue working, I can assure them that they will go home before I do,” President Kenyatta said during National Exporters Forum at Kenyatta International Conference Centre (KICC), Nairobi Friday. He said public service entails service delivery to the over 40 million Kenyans and civil servants must change their mentality and begin to serve selflessly. Citing the National Electronic Single window that has been in the pipeline for long, the Head of State said...
(The Star 06/21/13)
The government is to speed up completion of the Northern Corridor road in order to ease movement of goods from the Port of Mombasa to other countries in the region. Cabinet Secretary for Infrastructure Michael Kamau said the completion of the key road linking the region will include a by-pass in Eldoret to cost more than Sh2 billion. Kamau said they had identified the by-pass as a bottleneck delaying completion of the road that is meant to ease movement of goods and cargo from the port to neighbouring countries. Kamau and his Industrialization counterpart Adan Muhammed made an extensive tour of Eldoret and parts of Western Kenya to asses infrastructure development among other projects and programmes aimed at unlocking trade...
(Voice of America 06/21/13)
The Committee to Protect Journalists says in the past year, 55 journalists in 21 countries have gone into exile because of violence, threats and imprisonment. An official of the committee says an estimated 40% of those who’ve fled are from sub-SaharanAfrica. A new report by the CPJ says most journalists who have fled violence or repression come from Iran and Somalia, followed by Ethiopia, Syria and Eritrea. They’re also found at the head of the CPJ’s annual Impunity Index. It ranks countries according to the degree to which attacks against journalists are investigated, and perpetrators punished. Tom Rhodes is the Eastern African consultant for the Committee to Project Journalists. He says the government of at least one of the top...
(Africa Review 06/21/13)
Sub-Saharan Africa is losing slightly above 1.5 million children under the age of five annually due to malnutrition, according to non-governmental organisation Save the Children. On June 8, thousands of people including Bill Gates gathered in Hyde Park for the Big IF London rally aimed at reversing the situation, estimated to cost two million lives of children under the age of five globally. The rally, a coalition of over 200 UK organisations, was campaigning for action by G8 leaders to eliminate hunger and save millions of lives. The campaign wanted the G8 leaders, during their June 18 meeting, to act on four issues that mean so many people do not get enough food. The issues were enough aid to stop...
(Daily Nation 06/20/13)
President Kenyatta's trial at the International Criminal Court will now begin on November 12. The ICC judges Thursday said the decision to set a new trial was meant to give President Kenyatta's defence "adequate time to prepare its case". Initially, the case was scheduled to open on July 9. "On 26 April 2013, the Trial Chamber determined that the Defence should be granted additional time to prepare for trial due to the delays by the Prosecution in disclosing its evidence. The Trial Chamber invited the Defence to submit observations as to the estimated time it needed to adequately prepare for trial," the Trial Chamber V(B) judges said in a statement. "After receiving these observations, and responses from the Prosecution and...
(Business Daily 06/20/13)
Kenya is eyeing a tax and investment deal with South Korea amid growing business ties between the two nations. A delegation of negotiators from the Treasury in Nairobi has since Tuesday been held up in follow-up talks with the counterparts from Korea on the prospects of signing a tax and investment treaty soon. The two groups held a similar meeting in Nairobi late last year to push for the deal that could open up business between the two countries. “The issue of taxation and protection of investment are sensitive to any investor and can influence the direction things take,” Ngovi Kitau, Kenya’s ambassador in South Korea, said while confirming the ongoing talks in Seoul. Kenya and South Korea have witnessed...
(AFP (eng) 06/20/13)
The International Criminal Court on Thursday postponed until November 12 Kenyan President Uhuru Kenyatta's crimes against humanity trial in connection with deadly post-election violence. "Today, the Trial Chamber... set a new date for the commencement of the trial of Mr Uhuru Kenyatta. The trial is now scheduled to commence on November 12," the Hague-based ICC said in a statement. Kenyatta's trial had been set to start on July 9. Judges postponed the case after agreeing with Kenyatta's lawyers in April that they needed more time to prepare because of delays by the prosecution in disclosing evidence. Kenyatta, 51, faces five counts of crimes against humanity including murder, rape and forcible transfer for his role in the unrest which ripped through...
(Business Daily 06/20/13)
The Treasury is targeting to issue Kenya’s first eurobond by the end of September in a bid to plug the huge funding gap in its Sh1.64 trillion national Budget. The money is expected to finance infrastructure projects such as the Lamu transport corridor, which includes new railways and roads, the Economic secretary Geoffrey Mwau said Wednesday. The international bond issue will be at least Sh85 billion ($1 billion), but Mr Mwau hinted at a press conference last week that it could be as high as Sh220 billion. “We are going to issue the sovereign bond by the end of the first quarter of the coming financial year. The funds will go into infrastructure development,” he said. Rwanda, a much smaller...
(Capitalfm Business 06/20/13)
NAIROBI, Kenya, Jun 20 – The British government has announced a Sh4.5 billion funding for the modernisation of the port of Mombasa to improve efficiency. Speaking at the port of Mombasa, British High Commissioner to Kenya Christian Turner said the funds will be used for the improvement of road and rail linkages and terminals within the port to ease congestion of cargo. “The benefit of the port will not be achieved unless the inefficiency is addressed to meet the growing demand of cargo handling that is predicted to rise by 400 percent by 2030. We must change how we operate at the port,” said Turner. He said that the investment will lead to an improvement of transit time for cargo...
(AFP (eng) 06/20/13)
THE HAGUE, June 20, 2013 (AFP) - The International Criminal Court on Thursday postponed until November 12 Kenyan President Uhuru Kenyatta's crimes against humanity trial in connection with deadly post-election violence. "Today, the Trial Chamber... set a new date for the commencement of the trial of Mr Uhuru Kenyatta. The trial is now scheduled to commence on November 12," the Hague-based ICC said in a statement. Kenyatta's trial had been set to start on July 9. Judges postponed the case after agreeing with Kenyatta's lawyers in April that they needed more time to prepare because of delays by the prosecution in disclosing evidence. Kenyatta, 51, faces five counts of crimes against humanity including murder, rape and forcible transfer for his...

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