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Wednesday, May 14th, 2008

May 2008
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< Wednesday 14th >
• Sector Launches E-Tourism Training: Stakeholders in the tourism industry will be trained on information communication technology.
• Shilling Firm Against Dollar, Buoyed By Interest Earnings: Favourable interest earnings from trading between the dollar and the local currency as well as foreign inflows for the Safaricom initial public offering will keep the shilling steady against the greenback, dealers said.
• Sh1.4 Billion Needed to Build Schools in Clash Areas: The Ministry of Education has said it needs Sh1.4 billion to reconstruct schools that were destroyed during the post election violence.
• The Next Big Idea Could Come From the Bottom: Everyone in the company is responsible for innovation, though executive management must encourage innovation, reward it and measure it to determine success...'
• Two Universities Battle Over Posta Sacco Plaza: Two universities are locked in a fight for a chance to buy a prime property in Nairobi's central business district to match the growing demand for degree programmes.
• MPs Push for Cut in Cabinet Size: Kenyans could in future get a fixed number of ministers after Parliament agreed to a motion seeking to control the size of the Cabinet.
• Hikers' Paradise in City's Neighbourhood: "I had a farm in Africa, at the foot of the Ngong Hills."
• HF Launches Rights Issue Amid Rising Competition: Housing Finance (HF) today launches its long -awaited rights issue at a time when the mortgage financier's turnaround strategy comes in the spot light in the wake of cut- throat competition and shrinking revenues.
• Safaricom Seen Fetching Good Prices After Listing: Demand for Safaricom shares is expected to remain high after it is listed, influenced by a subscription level of about 400 per cent.
• Weed Out Sugar Cartels: The decision by Agriculture Minister William Ruto to freeze all sugar export licenses was long overdue and in the true interests of the suffering consumers.
• Stanbic-CFC Merger Verdict Next Week: The fate of the Sh19 billion Stanbic -CFC merger will be known next week after the closing of submissions in one of the two cases seeking to have Kenya's biggest bank takeover halted.
• Safaricom Growth Outlook Good Despite Rivalry: Despite dominating Kenya's mobile phone market with an 80 percent share, there is still plenty of room for Safaricom to grow its revenue and subscriber base even as competitors multiply.
• Bitter Lessons Learnt: The demolition of properties built on road by-passes has started once again. Roads minister Kipkalya Kones has said that the exercise will continue and will only end when all structures that are on the land earmarked for the by-passes are brought down.
• Engineers Put Quacks On Notice: Engineers have sounded an alert over the increase of quacks in the profession. They are calling for the speedy enactment of a proposed Bill to enable its professional body keep the engineers on a tight leash.
• Tea Farmers Venture Into Real Estate And Equity Markets: Tea farmers are seeking to diversify their incomes by investing in real estate and the stock market.
• Mumias And KPLC to Sign New Power Purchase Deal: Mumias Sugar Company is today expected to sign a power generation deal with Kenya Power and Lighting Company as the sugar miller seeks additional income streams.
• Oh Boy, Where Can I Find Those Astute Leaders?: The concept of leadership is the rave these days primarily because it is closely associated with the success of families, businesses, corporates and countries alike.
• Delays At Border Points Slow Down EAC Trade: Kilindini harbour and the Malaba and Busia border posts have been cited as the main hindrances to trade because of sluggish cargo clearance.
• Fibre Optic Cable to Revolutionise Internet Use: Internet users will reap great benefits when the eastern region of Africa is connected to the submarine fibre optic cable next year.
• How to Build the Capital Markets: My tenure as the chairman of the Nairobi Stock Exchange ends next month and I am not seeking re-election.
 
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