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Thursday, June 19th, 2008

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• State Now Takes Stock of Coal As Fuel Prices Bite: The Government has started the process of quantifying the coal reserves in Kitui and Mwingi districts as pressure mounts to address escalating global oil prices.
• Budgets Should Empower Nations: While national budgets routinely provide comprehensive statements of the country's revenue and expenditure for the forthcoming year, they are increasingly expected to propose concrete measures that empower the citizens, reduce the gap between urban...
• Fashion Designer Wants Country On Global Pedestal: As she waited for colleagues in the local fashion industry for a briefing, Elizabeth Bossman passed time writing notes and sketching designs while sipping a glass of lemonade.
• KRA Offers Incentives to Tax Compliant Importers: The Kenya Revenue Authority has started a new incentive that will reward importers and clearing agencies with a track record for tax compliance through special treatment in handling cargo.
• Jubilee Expansion Plans Draw Mixed Feelings: Jubilee Insurance Company's recent announcement of its planned foray into Central and West Africa could bring mixed business returns, analysts say.
• Tourism Marketers Lure Visitors to the North: Marketers of Kenya's tourism are looking North, hoping to boost arrival numbers by appealing to adventurers and travellers with an interest in cultural tourism.
• KCB Rights Issue Opens Door for Foreign Investors: A new door has emerged for foreign investors who missed out on full allocations during the recent Safaricom Initial Public Offering. The opportunity is in the form of the KCB rights issue, set to roll out on Monday.
• President Calls for Action On Food Prices: President Kibaki is calling for urgent action on rising food prices to avoid a looming crisis, especially among Africa's poor.
• Bill Seeks to Block Saccos From Doing Money Transfers: Savings and Credit Co-operative Societies, popularly known by millions of Kenyan workers as Saccos, will be barred from money transfer business if a new Bill under discussion in Parliament is passed.
• Treasury Should Act On the Elephant in the Room: It is hard to understand why the Treasury continues to ignore the rising pension burden that is starting to eat huge chunks of public finances.
• Four Banks to Help Investors Cash Safaricom Refund Cheques: Investors who applied for minimum shares in the just concluded Safaricom Initial Public Offering can from today exchange their refund cheques for cash at any of the four banks that received the funds.
• Kenya Comes Out Strong On Mugabe: Kenya has asked Zimbabwe President Robert Mugabe to respect the wishes of his people by ensuring next week's presidential run-off is free and fair.
• Snake Park Closed for Renovations: Fish, reptiles and plant lovers will have to wait for six months to enjoy their favourite pastime at the Nairobi Snake Park.
• How Trouser Suit Became a Hit Office Wear for Women: Ms Njambi Kiritu
• Open Skies Pact to Allow Direct Flights To, From U.S.: Prime Minister Raila Odinga said at a ceremony in Washington on Wednesday that a new US-Kenya Open Skies agreement will bring benefits for the country's tourism, horticulture and business sectors.
• Kibaki Calls for Action On Food Prices: President Kibaki has called for urgent and decisive action to curb the rising food prices.
• Opposition Leader Meets U.S. Envoy: The chairman of alliance for Reliberation of Somalia sheikh Shaif Sheikh Ahmed has met with United States Ambassador to Somalia John Yates in Kenyan Capital Nairobi on Wednesday officials said.
• Kenyan Bank Exploring Agribusiness Market: Kenya Commercial Bank, the newest commercial bank in the Ugandan market is to explore the agri-business market. KCB entered the Ugandan market in November 2007 and has already opened three branches in Uganda. Two are located in Kampala.
• Railway Vandalism Hurts RVR: Rift Valley Railways, the Kenya-Uganda railway operator, continues to bear brunt as the thriving scrap-iron trade in Kenya rears its ugly head.
• Rugby Cranes Depart for Kenya: Four Rugby Cranes stars who featured in the 27-10 triumph over Botswana on Saturday have joined the national 7s side that departs by bus today for the Kenya Safari 7s in Nairobi this weekend.
 
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