Daily Archives: May 3, 2013

Uhuru invited to Somalia meeting in London

Kenyan President Uhuru Kenyatta, who faces charges of crimes against humanity at the International Criminal Court, is expected to visit London at Britain’s invitation next week for a conference on Somalia.

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Court formally terminates Goldenberg case

Goldenberg architect Kamlesh Pattni on Friday walked out of Milimani Magistrate court a free man after all criminal charges against him were formally terminated.

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Lobby seeks 5pc of ministry's fund for livestock

The Inter-African Bureau for Animal Resources (IBAR) is asking the Ministry of Agriculture, Livestock and Fisheries (MALF) to reserve at least five per cent of the estimated funds its set to receive from the Treasury for the Department of Livestock.

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MPs plan to annul Serem's salary notice

Members of Parliament plan to annul the gazette notice the Salaries and Remuneration Commission (SRC) published on March 1 slashing their monthly salaries to Sh543,000 down from Sh850,000.

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Kenya to set new rules on petroleum transportation

Kenya’s industry regulator, the Energy Regulatory Commission (ERC) said here on Thursday that it will set the legislative framework and regulation on transportation of petroleum.

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Bond yields too low? There's always Rwanda

Last summer, euro zone member Spain was struggling to borrow money for 10 years at a yield below 7 per cent. Last week, Rwanda had no trouble.

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EU in Kenya to use Twitter for public diplomacy

The European Union in Kenya will leverage on its social media presence for public engagement on issues regarding its partnership with Kenya.

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Taxman in a tight spot to net Sh920bn new revenue target

The Sh1.6 trillion budget tabled on Thursday has put the taxman in a tight spot over tax collection because the government set a higher target despite missing the present one.

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Forex Market Indicative Rates for Major Currencies (Opening of Markets) on May 05, 2013

Currency Buy Sell Mean
US DOLLAR 83.6628 83.8478 83.7553
STG POUND 129.9138 130.2014 130.0580
EURO 109.3711 109.6217 109.4960
SA RAND 9.3422 9.3884 9.3653

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State cuts energy budget by Sh1.4bn despite blackouts

The government has scaled down spending on energy even as power outages hit a crisis level.

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Sh84bn set to anchor devolution

The government has set aside Sh84.9 billion to help anchor devolution over the next financial year at the county level.

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Roads, airports get Sh125bn in State spending

The Transport and Infrastructure ministry has received the third largest budgetary allocation of Sh125 billion to build roads in order to stimulate growth.

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Africa: Chinje Joins KRL International as Senior Advisor

[KRL International]Washington, DC -KRL International LLC, a Washington-based consultancy specializing in the emerging markets, is pleased to welcome Mr. Eric Chinje as a Senior Advisor. Mr. Chinje is the latest addition to the KRL team and brings an unparalleled skill set to the company’s corporate, government, political and cause-related clients.

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Africa: IMF Sees Strong Growth, Lingering Risks in Low-Income Countries

[IMF]Low-income countries are now among the fastest-growing economies in the world, but many remain vulnerable to shocks and spillovers from advanced and emerging markets, the IMF says.

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