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Wednesday, October 15th, 2008

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• U.S.-Funded Program Aims to Balance Human, Environmental Needs: Johnson, a pharmaceutical and consumer health company, formed a three-year partnership that will invest $3 million for an integrated health and conservation program in rural communities in Kenya, Nepal and the Democratic Republic of Congo.
• CBK - Interest Rates Still High: The cost of accessing finance in the country is still high despite the increased competition in the banking industry, a Central Bank of Kenya survey shows.
• Three Feared Dead, Thousands Homeless After Mandera Floods: Three people are feared dead after floods swept across Mandera town on Tuesday night, leaving at least 10,000 people homeless.
• KenGen Pretax Profit Falls 65 Percent, Net Doubles: Kenya Electricity Generating Company (KenGen) reported a 65 percent drop in annual pretax profit on Wednesday, but said tax deferment had allowed its net profit to double.
• Safaricom Lowers Calling Rates: Safaricom has announced new calling rates effective Thursday. The offer dubbed "Jibambie" was launched on Wednesday morning.
• Violence Probe Calls for International Tribunal: The Commission into Post-Election Violence (Cipev) has recommended the setting up of an international tribunal to try post-election violence offenders.
• Police Arrest 65 Ethiopian Immigrants - Report: Kenyan police have arrested 65 Ethiopian youths along the Nairobi-Mombasa highway in a suspected human trafficking syndicate, KBC reported yesterday.
• Can't We Ever Learn?: One inevitable consequence of unbridled capitalism is business failure. That is why the financial woes currently facing stockbroker Discount Securities are not a novelty.
• The Cutting Edge: Lecturers at public universities supervising postgraduate students should be required to sign performance contracts, Kairu Kamuri proposes.
• Death Toll of Road Accident Rises to 17: The death toll of a road accident that took place on the Nakuru-Nyahururu highway has risen to 17, police said on Tuesday.
• Governance, Not Global Meltdown, the Problem: The coincidence may be blinding and the echoes eerie, but it is simplistic to frame the woes bedevilling Discount Securities and its clients exclusively as part of the wider global financial meltdown.
• Major Police Shake Up May Be in the Works: A major reform of the police force is likely to be proposed by the commission looking into the post-election violence, including a new leadership policy, which could force police chief Gen Mohamed Ali and the commander of the Administration Police to...
• Firms Launch War On Aids: Sixty chief executives on Tuesday launched a campaign to encourage people to go for the HIV test.
• Panic Selling Hits Bourse: Panic selling across the counters saw trading at the Nairobi Stock Exchange dip to a 3-year low after Capital Markets Authority's decision to restructure Discount Securities.
• Councillors Don't Merit Higher Pay: Prime Minister Raila Odinga had some rather choice words to tell councillors who have been seeking higher allowances: There will be no more money for you until you can show Kenyans what you do for them.
• For Local Retail Investors, Discount Woes Sink Home: For Paul Ngetha and his wife Eddy, the troubles at Discount Securities Limited are double tragedy, having only moved to the firm after Nyaga Stockbrokers collapsed.
• Poorly Dressed Teachers to Be Bought Suits By MP: Alarmed by what he feels is sloppy dressing of primary school headteachers in his constituency, Nyatike MP Edick Anyanga has offered to buy all of them suits.
• Brew Sellers Reap From Maitha Legacy On Mnazi: A white rugged van, similar to a matatu but with no yellow line, zoomed past us heading to Mombasa from Mtwapa. The smell it left behind elicited mixed reactions from the public.
• Waki Report to Be Handed Over: President Kibaki and Prime Minister Raila Odinga will on Wednesday morning receive the report by the commission of inquiry into post-election violence.
• Report Also Recommends Review of Electoral Areas: The Kriegler report also makes far reaching recommendations other than the radical overhaul of the ECK such as changing the name and image.
 
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