Tuesday, June 10th, 2008 | ||
| • | Do We Have What It Takes to Realise Vision 2030?: "Failure to plan is planning to fail" so goes the famous saying. This is one of the key things the Government must have realised to come up with the country's vision "Vision 2030, Transforming National Development," which was launched yesterday. | |
| • | Roads Minister Dies in Plane Crash: Roads minister Kipkalia Kones and assistant minister in the Vice President's office Lorna Laboso died in an aircraft accident. | |
| • | Shippers Hope for Less Taxes in Budget: AS Finance Minister Amos Kimunya presents this year's Budget tomorrow, clearing agents and chandlers in Mombasa are hoping for a reduction of taxes on fuel, motor vehicles, second-hand clothes and supplies to ships. | |
| • | EPZ Firms Feel the Heat of High Production Costs: Almost 20 years ago, Kenya decided to pursue policies aimed at attracting foreign investment into export-oriented sectors. With a World Bank loan of $30 million, Kenya established her first export processing zone (EPZ) in 1990. | |
| • | Nzoia Sugar to Improve Output, Reduce Losses: Nzoia Sugar Company is set to improve its sugar output with the installation of new milling equipment later this year. | |
| • | Mara's Magic Marketed Through Internet: The Maasai Mara, the heart of Kenyans tourism, has been marketed on many platforms. The international media has particularly been on the forefront in advising their audience on the world's tourism hotspots. | |
| • | RVR Eyeing Aussie Firm for Faster Turnaround: Rift Valley Railways, reeling under increasing criticism over the sluggish turnaround, is now exploring prospects of collaborating with a reputed international logistics firm in a bid to better its services. | |
| • | Standard Investment Bank Launches Fund: Standard Investment Bank (SIB) yesterday launched a trust fund where investors will pool money for investment in either the stock market or fixed income market. | |
| • | State Reduces Tax On Imported Wheat: Tax on imported raw wheat has been reduced to 10 per cent. | |
| • | Suppliers Locked Out of Luxury Cruise Business: Ship chandlers have been locked out of luxury cruise business because of failure to meet international supply standards. | |
| • | Fund to Aid Innovation in Agriculture: Just when small and medium scale enterprises were worried that the rest of the year spells doom for business after the post- election crisis and uncertainty over the success of the coalition government, new initiatives are coming up to give them a boost. | |
| • | House Starts Debate On Truth Commission Bill: Efforts to resolve past crimes and human rights violations moved a notch higher with yesterday's tabling before Parliament of a Bill seeking to establish a commission to deal with the culprits. | |
| • | Ports Authority Praised for Anti-Piracy Measures: Maritime players concur that Kenya Ports Authority has made remarkable strides in the implementation of the International Maritime Organization's (IMO) prescribed ship and port facility security code. | |
| • | Loan Borrowers Sell Safaricom On Day Two: A huge supply of shares against low demand depressed Safaricom's price on its second day of trading at the Nairobi Stock Exchange, as loan borrowers moved to liquidate their positions to meet financing obligations on dampened expectations. | |
| • | TPS Plans Expansion to Boost Its Safari Business: Tourism Promotional Services of East Africa is set to roll out an expansion plan that will see it open new units in Kenya and Tanzania. | |
| • | Upgraded System At Port to Begin Operating: The Kilindini Waterfront Operations System (Kwatos), which has taken over two years to develop, is expected to come into operation next month, according to a notice issued to port users yesterday. | |
| • | It's a New Dawn for Kenya Transporters Association: After 18 years, the Kenya Transporters Association (KTA) finally held an Annual General Meeting that kicked out old officials and brought on board a youthful team willing to propel the association to higher levels as revealed by its new chairman,... | |
| • | Storage Facility Set Up At Eldoret Airport: Eldoret Airport has received a boost with the installation of a 240-tonne cold storage facility. | |
| • | Time for SMEs to Get Listed in the Bourse: In the recent Safaricom IPO, a lot of money was received by the government and even more was refunded. The shares were oversubscribed by about three times the expected initial public offer. | |
| • | Kibaki Unveils Grand Economic Plan: Public servants may have to stay in their jobs until the age of 60 for Kenya to sustain the human resource level it needs for economic take-off, a development blueprint that is to transform the country into a middle-income country says. | |
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