Monday, June 16th, 2008 | ||
| • | PTA Bank Extends Sh750 Million Credit Facility to K-Rep: Small and medium sized enterprises are set to benefit from a Sh750 Million credit line extended to the K-rep bank from the PTA bank. | |
| • | New UN Scheme Helps to Clean Up the Capital: A wide-ranging new initiative by the United Nations Environment Programme (UNEP) aims to help the Kenyan Government deal with air pollution, waste management and the clean up of rivers in the country's capital - and the agency's host city - Nairobi. | |
| • | KCB Seeks Uganda Listing: KENYA'S biggest retail bank, Kenya Commercial Bank (KCB) plans to cross list its shares in Tanzania and Uganda by the end of 2008, the head of its Tanzanian subsidiary said today. | |
| • | More Must Be Done to Protect Investors: The latest twist in the battle for refunds from the sale of Safaricom shares through an initial public offering can be unfortunate. | |
| • | Time for Cabinet and Parliament to Act: In April 2007, a national stakeholders' symposium endorsed a draft national land policy for subsequent action by the Cabinet and Parliament. That was never to be. | |
| • | Olympia to Buy Stake in Local Plumbing Company: Olympia Capital Holdings Limited (OCHL) has agreed to buy a minority stake in a local plumbing company, signalling its intention to broaden its hold on the construction sector. | |
| • | Shimanyula Quits Uunet Resigns: Geoffrey Shimanyula has resigned as the UUNET Kenya managing director, a position he held for 15 months. | |
| • | Chinese Lead Company Roll-Out Stopped: A Chinese firm has been barred from setting up a lead recycling plant in Nakuru until an environmental assessment is done. | |
| • | State Fine Tunes CBK's Mop Up Operations: In a move aimed at enhancing Central Bank of Kenya's ability to mop up excess cash in the economy to check inflation, the Government has proposed the introduction of bank bills and time deposit placements by banks. | |
| • | Investors' Agony Over Safaricom Refunds: Banks and stockbrokers have teamed up to side-step a ban on third party clearance of refund cheques from the recent sale of Safaricom shares in an initial public offering. | |
| • | Nightmare of Getting Money Back: Damaris Muthoni was the first person on the long queue that formed outside her stockbroker's office last Friday. | |
| • | 'No Plans' for Odinga-Obama Meeting: Senator Barack Obama is absent from the list of dignitaries with whom Prime Minister Raila Odinga is scheduled to confer during his current visit to Washington. | |
| • | School Closed After Blaze Razes Hostel: Over 300 students have been sent home after their school was closed down following a fire incident. | |
| • | Yobo, Kanu Dedicated to Nigeria's Cause: Everton defender Joseph Yobo says he is willing to give up his summer break in order to aid Nigeria's World Cup qualifying campaign. | |
| • | Leadership Sets an Example: ALMOST 1,000 OF THE WORLD'S leading experts in infectious diseases and vaccines convened in Reykjavik, Iceland, last week to tackle a leading killer of children and adults worldwide - pneumococcal disease. | |
| • | Rising Wages Fuel Increase in Costs: President Kibaki disappointed workers during Labour Day celebrations on May 1 when he ignored demands for a rise in the minimum wage. | |
| • | Bring Back Deported Youths, Say Clerics: Muslim clerics and an MP on Sunday urged the Government to bring back 17 youths who were deported to Ethiopia last year on suspicion they were involved in terrorist activities. | |
| • | Coffee Farmers' Earnings Set to Double, Says Board: Coffee farmers' payment is set to double in this year, according to a survey by the Coffee Board of Kenya. | |
| • | High Prices of Rice, Wheat And Crude Oil Have Raised Inflation: A cocktail of factors has combined to create one of the most painful periods of sustained inflation in the Kenyan economy in recent times. | |
| • | Blessed Are Peacemakers: Last week, the Catholic Diocese of Eldoret launched a peace drive in Burnt Forest, an area that perennially bears the brunt of ethnic violence. | |
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