Abacus Wealth Management

8 Things You Should Know This Morning

1. Kenyans want come-we-stay legalized.

A new survey conducted by Ipsos Synovate says 64% of Kenyans support the legalization of come -we-stay relationships that have lasted over six months as proposed by the Marriage Bill, while 36% are against it.

2. President Kibaki’s speech ushers in Golden Jubilee Year.

“Jamhuri Day is the most significant day in our national calendar, because it reminds us of the time in 1963 when Kenya attained her independence from colonial rule.” The first words of a president who has seen the country improve economically over his 10-year tenure.

3. MPs drop the KES 9.3 million send-off package

The lawmakers on Tuesday night gave in to the directive contained in President Kibaki’s memorandum with a unanimous deletion of the controversial proposal in the Finance Bill. There was minimal debate on the issue -only Finance minister Njeru Githae and Medical Services Minister Anyang’ Nyong’o-spoke.

4. Kenyan traffic law increase bribe size

Traffic bribes are a way of life for many Kenyan drivers. The drivers of the rowdy minibuses say Kenya’s new traffic laws, which carry higher fines and bigger jail sentences, will result primarily in one thing: higher bribes.

5. EA ripe for new investments in beer market

The low levels of beer consumption in eastern Africa makes the market a prime investment destination, a newly-released industry report has said. According to the report by investment banker Imara, the average beer consumer in these markets takes less than their counterparts in western and southern Africa.

6. East Africans challenged to address gender violence

Women doing business in East Africa often fall victims to sexual harassment from the customs and police officers, a regional meeting of civil society organisations was told here on Tuesday. Because of this, some of them risked contracting the deadly HIV/Aids for being forced into intimate relationships with the greedy male officials, according to a delegate.

7. Ferry fares set to go up by 20% starting next year

The Kenya Ferry Services plans to increase charges from January as it seeks to grow revenues by more than 30 per cent. The rates will go up by 20 per cent and be reviewed by 10 per cent six months later, according to proposals presented during a stakeholders’ meeting this week.

8. ICT innovations offer home-made solutions for Africa’s growth

Africa’s mobile phone market has rapidly expanded to become larger than either the EU or the United States’ with some 650 million subscribers. Information and Communication Technology (ICT) innovations are delivering home-grown solutions in Africa, transforming businesses and driving entrepreneurship and economic growth, says a new report.

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