Wednesday, May 21st, 2008 | ||
| • | Cultivation in Forests Re-Introduced: People living next to forests will be allowed to cultivate their crops in the forests, akin to what was earlier called the shamba (garden) system. | |
| • | Shilling to Lose Ground in Next Six Months: The Kenya Shilling is expected to lose marginal ground, at least for the next two quarters, as the real effects of the political violence that rocked the country earlier in the year start to be felt. | |
| • | Country to Benefit From U.S. $100 Million in Food Aid: Kenya is among the African countries set to benefit from an emergency US$100 million (Sh6.2 billion) food aid in response to the rising international prices, the Government of Japan has said. | |
| • | Maasai Score a First in UN Culture Project: The Maasai of Laikipia will be the first of the world's indigenous communities to benefit from a United Nations initiative to protect traditional cultures, the UN has announced. | |
| • | NSE Shares Suffer Slump After Harsh Start of the Year: Most listed companies have experienced a slump in prices so far this year as the bourse continues to give mixed returns to investors. | |
| • | Crack Down On Fraudsters: Barely a week before share allocation details for the Sh50 billion Safaricom IPO are released, reports are out about an unexpectedly high tally of fraudulent cheques from investors and some stockbrokers. | |
| • | Inflation Set to Push Up Interest Rates: The current inflationary pressures that are fuelled by a sustained increase in cost of oil and food commodities could lead to a rise in market interest rates, a banker has warned. | |
| • | Insiders Head List for CCK Job: Two insiders are among the top three contenders to succeed John Waweru, as the head of the Communications Commission of Kenya (CCK), the media and telecoms regulatory body. | |
| • | Air Freight Trade Via Moi Airport Takes a Nose Dive: The once flourishing air freight trade through Moi International Airport, Mombasa, has taken a nose dive following cancellation of flights to the European Union due to the post-election violence that rocked parts of the country. | |
| • | AP Moller-Maersk Reports Rise in Profit: Danish shipping giant AP Moller-Maersk reported a rise in profit in the first quarter despite making a loss in the container shipping operation, which was hit by high bunker and restructuring costs. | |
| • | Restaurants Plan Higher Prices to Beat Inflation: Food prices are rising very fast. That is why next time you visit your favourite restaurant, you should be prepared to dig deeper into your pocket to enjoy the meal. | |
| • | Mobile Operators Raise Bar for Incoming Rivals: Leading mobile phone operators Celtel and Safaricom are building customer loyalty before the entry of two new service providers. | |
| • | Poachers Still Threatening Tourism: A new report has shown that Kenya's wildlife dependent tourism industry is still threatened by illegal poaching activities. | |
| • | KWS to Carry Out Study On National Park Entry Charges: The Kenya Wildlife Service plans to embark on a comprehensive study to guide entry prices for national parks and reserves. | |
| • | Cargo Piles Up At Port After Railway Culverts Collapse: MOMBASA port is already feeling the impact of last week's collapse of rail culverts at Jinja, Uganda, which the Rift Valley Railways (RVR) says will take two months to repair. | |
| • | Shipping Lines Raise Freight Charges Citing High Oil Prices: Shippers have to dig deeper into their pockets after the main shipping lines operating in Mombasa and the East Africa region raised the bunker surcharge to 54.56 per cent, which is double the rate charged two years ago. | |
| • | What Drives World Oil Markets And Demand: Sorry sight to behold. Pump prices displayed at service stations now read Sh100 a litre. Those shy to post a three digit price are at Sh99.99. | |
| • | New System of Clearing Goods At Mombasa Port Hinders Trade: Finance minister Amos Kimunya has been urged to appoint a team to review the cargo clearance system at the Port of Mombasa. | |
| • | Labour Ministry Moves to Avert Strike At KPA: The Ministry of Labour has stepped in to avert a looming strike by Kenya Ports Authority (KPA) employees. The planned strike threatens to disrupt operations at the Port of Mombasa, which is struggling to recover from the congestion crisis experienced... | |
| • | Portland Cement Board Picks New Managing Director: The board of East African Portland Cement Company (EAPCC) has picked a new managing director, ending uncertainty over the tenure of the managing director, Mr Ndegwa Kaggio, who has remained in an acting capacity for close to two years. | |
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