Saturday, August 2nd, 2008 | ||
| • | Country Steps Up Bid to Woo Chinese Investors: Kenya has stepped up campaigns to woo Chinese traders to invest in the country. The move is aimed at correcting the unfavourable balance of trade between the two nations. | |
| • | HP Changes Tack to Penetrate New Turf: Changing consumer trends have forced global printer and cartridge manufacturer Hewlett Packard to adopt cost reduction, security and fast performance as key themes to penetrate new markets. | |
| • | MPs Censure Kimunya Over Sale of Grand Regency Hotel: The political career of Finance minister Amos Kimunya was yesterday left hanging in the balance as Parliament passed a motion of no-confidence against him last evening. | |
| • | Motion Only the Third in Parliament's History: Yesterday's motion of no confidence on Finance minister Amos Kimunya was the third such proposal touching on a Cabinet minister in the history of the Kenyan Parliament. | |
| • | New Rules Make Owning Homes Easier for Workers: Kenyans will be able to buy houses worth up to Sh5 million using their pension contributions as a guarantee for mortgages in a move that is set to spur activity in the home loans market. | |
| • | Railway Plans for Upgrade Almost Ready: Kenya's master plan for two new railway lines to be built under the East African Community (EAC) initiative will be ready in two weeks. | |
| • | MPs Vote No Confidence On Finance Minister: Kenya's parliament has today passed a vote of no confidence on Finance Minister Amos Kimunya over his handling of the sale of a luxury hotel in Nairobi. | |
| • | Live Coverage in Polls Raised Emotions, Says Mayor: Live coverage of vote tallying should be banned during general elections, the Kriegler Commission was told Tuesday. | |
| • | MPs Want Finance Minister to Resign: Pressure on the beleaguered Finance minister Amos Kimunya to resign mounted Tuesday with some MPs asking President Kibaki to intervene in the Grand Regency Hotel scandal. | |
| • | Severe Food Shortage Hits Coastal Region: About 15,000 people are faced with severe food shortage in Malindi constituency. | |
| • | Anti-Graft Agency Denies Taking Part in Hotel Sale: The Kenya Anti-Corruption Commission Tuesday distanced itself from the controversial sale of Grand Regency Hotel, and said it was considering opening investigation. | |
| • | Inflation Eases Off Slightly to 29.3 Percent: The pressure on food prices for Kenyans reduced in the month of June, marginally bringing down the rates of inflation to 29.3 per cent. | |
| • | Ministers Defend Army's Role: The Government Tuesday defended the military against claims that they tortured suspects during the ongoing security operation in Mt Elgon District. | |
| • | MPs Divided Over Ethnic Relations Bill: Parliament was divided Tuesday over a Bill proposing a commission to fight ethnic discrimination in the country. | |
| • | Concern Over Country's Growth As Drug Conduit: Despite the 2008 World Drug Report indicating near negligible growth in illicit drug consumption in the country, Kenya must be wary of its growing status as a popular transit route. All the major illicit drugs are finding their in Kenya on their way... | |
| • | Women's Finance Trust Gives Loans, Insurance to North Rift Groups: Kenya Women Finance Trust will advance Sh1 billion in loans to women and youth groups in the North Rift region. | |
| • | Huge Task for NSE Chief: At a time when the Nairobi Stock Exchange badly needs a change of guard, Mr James Wangunyu has taken over its chairmanship. | |
| • | Our Politicians Never Learn From Mistakes: The Government's tendency of putting itself into disrepute without the slightest provocation has been demonstrated once again by the saga surrounding the secret sale of Grand Regency Hotel. | |
| • | Saitoti Appeals Over Election Petition: Internal Security minister George Saitoti has filed an appeal in court seeking to stop a petition challenging his election. | |
| • | Probe Team Named as MPs Lead Street Demo: Prime minister Raila Odinga Tuesday chaired a Cabinet committee meeting which named a five-member team to investigate the controversial sale of Grand Regency Hotel. | |
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