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Wednesday, May 7th, 2008

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• Citi in Deal to Channel Cash From Diaspora: Citi Bank has secured an agreement with St George's Healthcare NHS Trust to offer the "Remit as You Earn" (RAYE) service to the Trust's employees.
• Investors Set for Handsome Reward in Safaricom Trading: Safaricom has so far attracted Sh191 billion from both local and foreign investors, surpassing the Treasury's target of Sh50 billion by nearly four times and making it Sub-Saharan Africa's biggest initial public offering.
• Access to Hold AGM, Buoyed By Earnings: AccessKenya holds its first ever Annual General Meeting as a listed company today.
• State Response Wanting: With the spectre of a major food crisis flashing on the country's radar screen, the Government's pace and handling of the crisis that has taken global proportions has been wanting.
• Handle Polls With Care: Politicians should handle the forthcoming by-elections with utmost care. While it is the right of political parties to field candidates, the campaigning should not be used as a forum to reopen the wounds inflicted on this nation after the December...
• Tougher Laws On Smoking Threaten BAT Profit Run: Contract manufacturing helped boost cigarette maker British America Tobacco Kenya profits, but concerns remain over the company's ability to maintain the growth trend after June when the Tobacco Control Act comes becomes operational.
• MPs Clear First Hurdle in Bid for 'Grand Opposition': An attempt by backbenchers to have Parliament amend Standing Orders to pave the way for the recognition of a Grand Coalition Opposition yesterday crossed the first hurdle when MPs allowed the introduction of a private Members Bill to regulate the...
• City Hosts Traditional Foods Festival: Kenyans will have the opportunity to showcase as well as indulge in delicacies from all corners of the country at a cuisine festival in Nairobi this weekend.
• Celtel Zambia IPO Opens Window for Kenyans: Kenyan investors have an opportunity of buying into yet another mobile phone company, Celtel Zambia, barely two weeks after the close of the Safaricom IPO.
• State Launches Measures to Avert Food Crisis: The Government yesterday announced interventions to forestall a food crisis that is threatening to grip the country in two months' time.
• Bids for Safaricom IPO Top U.S.$3 Billion: The much-hyped Safaricom's initial public offer has raked in Sh191 billion in bids from local and international investors.
• Raila - Let's Talk to Mungiki: Prime Minister Raila Odinga insists the Government should speak to the outlawed Mungiki sect to understand their grievances.
• Fresh Push to Finalise Common Market Deal: East Africa Community (EAC) member countries will converge in Nairobi next week to push through a deal to establishment of a common market.
• Why Kibaki is Yet to Meet Cabinet: The dominant but yet-to-be clarified role of Prime Minister Raila Odinga is behind the delay by President Kibaki to convene a Cabinet meeting three weeks after it was sworn in, The Standard can report.
• House Passes Motion to Formalise Opposition: Parliament passed a Motion seeking to formalise the Official Opposition.
• Ministries' Roles Not Defined: The Government is working on modalities to clearly define the roles of the Local Government and those of the Nairobi Metropolitan Development ministries.
• Refugees Decline to Leave Camp for Fear of Attacks: Displaced people from a farm in Trans-Nzoia District have refused to go home.
• Food Shortages Persist Even As Rains Fall in Northeast: The rains have started falling in northeastern Kenya, but this alone is unlikely to immediately resolve the food problems facing the mainly nomadic families in the semi-arid region, aid workers said.
• We Won't Go Back, Say Scared Refugees: The resettlement of internal refugees Tuesday hit a snag after a group said they did not want to go back to their homes due to insecurity fears.
• Speak on Zimbabwe, Leader Tells AU: Prime Minister Raila Odinga has hit out at the African Union (AU) for silence on the Zimbabwe election impasse.
 
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