Wednesday, June 18th, 2008
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| • | RVR Restores Kampala Services: Rift Valley Railways has restored Kampala services after completing repair works on a washed away section in Uganda's Jinja district after a five-week suspension.
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| • | Miraa Farmers Suffering Silently: Igembe and Tigania districts in Eastern province happen to grow one of the most sought after get - rich - quick pearls in the name of khat or miraa.
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| • | New Tax Sets the Stage for Rise in Telephone Charges: Calling charges on Telkom Wireless, Popote and Flashcom could go up following the introduction of 10 per cent excise duty on CDMA networks in the Budget last week.
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| • | Country Seeks UN's Aid to Address Food Shortage: Kenya is appealing to the UN to support its agricultural sector under the $11.5 billion assistance pledged for African countries to address food shortages through the Food and Agriculture Organisation (FAO).
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| • | Sugar Board to Review Stalled Sale of Factories: Privatisation of two sugar factories in western Kenya that stalled in the run up to last year's general election is set for review once a new board is in place at the Kenya Sugar Board, industry players said.
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| • | Bourses Oppose Plan for Continental Exchange: The Johannesburg Stock Exchange's (JSE) plan to create a Pan-African trading board is meeting resistance from major continental bourses due to the fear of being edged out by Africa's largest stock market.
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| • | Proposed Market Reforms Investor Friendly: The rapid growth of the capital markets and the crisis occasioned by rogue brokers has necessitated enhancing the regulatory framework to strengthen corporate governance and safeguard public interest in the capital markets industry.
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| • | Rising Pension Burden Fails to Catch Treasury's Attention: Budget proposals that Finance minister Amos Kimunya presented to Parliament last week steered clear of the civil service pensions reforms even as the growing government pension bill continues to eat a huge chunk of tax payers' money.
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| • | Country Mulls On Exporting Power to Kenya: Ethiopian authorities are considering exporting hydroelectric power to Kenya despite delays in completing the 1870 megawatt Gibe III power station and growing power shortages at home.
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| • | Uchumi Search for Partner Nets Eight Bids: Uchumi Supermarkets' search for a strategic investor has began to take shape with an announcement that eight investors have placed bids for a piece of the retail chain.
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| • | New Laws Needed to Tame Errant Brokers: Delay in the payment refunds from the Safaricom IPO is yet another revelation of just how bad the situation has become in the Kenyan stockbrokerage industry.
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| • | Contractors Eye Slice of Sh65 Billion Budget for Roads: With Sh65 billion earmarked for reconstruction of roads in this financial year, local contractors are moving to address capacity challenges that have made them spectators and ball boys in recent big sum engagements.
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| • | State Adopts Proposal to Split Power Company: The Kenya Power and Lighting Company is headed for a split following the adoption by the Government of a consultants proposal to separate the electricity transmission and distribution functions.
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| • | Country Recieves U.S.$90 Million from U.S.: Prime Minister Raila Odinga got the approval of US congressmen, agencies, financiers and diplomats for a further US$ 90m (Sh5.85 billion) funding for Kenya's rehabilitation programme.
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| • | Mandela Endorses the David Astor Journalism Awards: “a fitting and meaningful way†to honour the late editor of The Observer newspaper who vigorously championed the anti-apartheid struggle and human rights.
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| • | Kenya's First-Choice Goalkeeper Ruled Out: THE Harambee Stars of Kenya will be without their first-choice goalkeeper Arnold Origi when they take on Zimbabwe's Warriors in a key 2010 World Cup/Nations Cup qualifier at Rufaro on Sunday.
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| • | Kenya Airways Bounces Back: Kenya Airways (KA), whose passenger trade was near 100% capacity in December last year then plunged to less than half in 14 days after violent civil unrest, has steadied and increased its capacity by introducing a fourth Boeing 777.
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| • | Tension Over Pay Raise for Civil Servants: Civil servants may not have their pay raise soon because Public Service minister Dalmas Otieno says he has not been briefed about their grievances.
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| • | ODM Backs Karua On New Constitution: ODM parliamentary group on Tuesday supported a decision by Justice minister, Ms Martha Karua for a speedy enactment of a new Constitution.
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| • | Rugby - Coach Names Kenya And Shujaa Teams: Humphrey Kayange and Allan Makaka will captain the Virgin Atlantic Kenya and Shujaa Kenya teams for the 13th Tusker Safari Sevens tournament which kicks off on Friday at the Rugby Football Union of East Africa grounds.
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