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Kenya News & Headline Stories

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Thursday, August 5th, 2010

August 2010
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< Thursday 5th >
• Treasury Plans to Issue Sh31 Billion Infrastructure Bond: The government will issue a Sh31 billion infrastructure bond with varied maturities tenors of six, seven and nine years at a coupon rate of six per cent.
• National Oil Company's MD Shuns 'Demotion' and Scuttles Board Plan: Outgoing National Oil Corporation managing director Mwendia Nyaga has declined a junior position in the firm, rattling an ambitious restructuring plan aimed at growing the firm's market share in the competitive petroleum market.
• Optimism as Economy Waits for Poll Outcome: Kenya's economy was last night left looking for leads on the direction it would take in the outcome of a constitutional referendum today, amid optimism a "Yes" win would boost investor confidence and cheer local currency and stock market.
• Child Birth Drug Could Save Mothers: Precious Nabwire nearly died giving birth to her fourth child. If Kenyan gynaecologists have their way, a drug to control bleeding after childbirth will be licensed, offering greater protection to tens of thousands of women facing similar danger.
• 'Yes' Opens Wide Lead in Referendum: 04:30 IIEC is in the process of collating results as it awaits those from far flung constituencies.
• Landslide Vote for New Constitution: Less than 12 hours after the polls closed in Wednesday's referendum in Kenya, provisional results showed supporters of a new constitution headed for a landslide win.
 
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