Monday, May 12th, 2008 | ||
| • | Kenyan Refugees Repatriated: A total of 339 Kenyan refugees who have been at Mulanda transit camp in Tororo District returned home on Friday . At least 207 were repatriated through Malaba border post while 132 went through Busia. | |
| • | Kenyan Refugees Begin New Life in Masindi Camp: Over 2000 Kenyan refugees have begun a new life in central Uganda, months after the Kenyan crisis ended but Ugandan and aid agencies say international rules do not permit asking them to leave the country. | |
| • | Rallying - Tight Battle for KNRC Title After Embu Race: The Kenya National Rally Championship series is finely poised after the first two rounds. | |
| • | North Rift Farmers Face Poor Harvest After Erratic Rainfall: Grain production in the North Rift could plummet due to irregular rains that have caused uneven germination and withering of crops. | |
| • | Treasury Seeks to Tap Sh7 Billion More From Market: Despite being assured of making at least Sh50 billion from the yet-to-be concluded Safaricom IPO, the Government is back on the market seeking to borrow at least Sh7 billion through the monthly Treasury bonds auction. | |
| • | Kenyans Snared By the Ghost of Double Taxation: Kenyans could be losing millions of shillings due to an overlap of roles between the Central Government and local authorities, says a new report by a local think-tank. | |
| • | Medical Cover Growing in Popularity: Access to medical insurance is likely to increase following the introduction of new products in the industry. | |
| • | Pan Paper Falls Back On Owners to Stay in Business: Paper manufacturer, Pan African Paper Mills is seeking a cash injection of Sh325 million and conversion of shareholder debts totalling Sh752 million into equity, to stay afloat. | |
| • | CBK Delays Launch of Micro-Finance Rules: A legislation meant to rein in pyramid schemes passed last year is likely to come into operation next month. | |
| • | How Objective Can the Press Be?: May 3 was International Press Freedom Day. Journalists make their living by poking their noses into other people's affairs, but are not very good at looking at themselves, their institutions, their own practice and how they advance or hinder the... | |
| • | Doors Open for Traders As Equity Reaches Bondo: Equity Bank has opened a new branch in Bondo District as part of its expansion plan in the lake region. | |
| • | Housing Finance Rights Issue Lays Ground for Capital Injection: Eyebrows were raised in a few boardrooms last week after it emerged that Housing Finance, the country's leading mortgage lender, would go ahead with a Sh2.3 billion share sale later this month. | |
| • | Coffee Prices Could Dip On Increased Brazilian Yield: Coffee prices in Kenya and other international markets could dip following a larger than expected yield by Brazil - the world's largest producer. | |
| • | State Plans to Build Technology Park: The Government is planning to build a 5,000 seat technology park at the export promotion zone by 2012, a move that is aimed at increasing the business process outsourcing resources in the country. | |
| • | Country in Financial Trouble: THE Kenyan Government, still reeling from the effects of post-election turmoil, is not only in conflict with the country's workforce but is also in deep financial trouble. | |
| • | Kibaki Launches Fundraiser For Displaced: President Kibaki has launched the national fundraiser for the Internally Displaced Persons. | |
| • | Kenya Railways Tipped On $1.5b Overhaul: Kenya Railways has finally unveiled plans to overhaul the country's dilapidated rail network setting in motion plans to raise the required project funds and given hope to the business community of a reduced tariff rate once the modernization programme... | |
| • | Country in $50m Farm Financing Initiative: A new major partnership where smallholder farmers and small agricultural enterprises will be helped with financing to build viable businesses has been been launched. | |
| • | $145m for Telkom Kenya, Ericsson Deal: Telkom Kenya has sent a strong message of its intention to compete in the tough GSM (Global System for Mobile Communications) market, signing a Ksh9 billion (US$145.6 million) deal with Swedish telecommunications giant Ericsson. | |
| • | Kenyans Dominate Kigali Marathon: The Kenyan trio of Kenfagor, Kiplimo, Kipserem made a clean sweep of the top spots in the Kigali International Peace Marathon held yesterday. | |
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