Abacus Wealth Management

8 Things You Should Know This Morning

1. Clinical Officers Join Ranks With Nurses in Union Fight

Clinical officers have joined a legal battle by nurses to have their union registered. And the health workers will on Tuesday move to court to contest an order to go back to work. In an application filed under a certificate of urgency at the Industrial Court on Monday, the more than 200 clinical officers are seeking an order compelling the Registrar of Trade Unions to recognise their outfit.

2. Small Scale Farmers To Elect Tea Factory Directors

 Thousands of small -scale tea farmers across the country who are affiliated to Kenya Tea Development Agency (KTDA) will go to the polls on Tuesday to elect directors for their factory companies. About 190,000 farmers out of a total of 560,000 who are the shareholders will elect two directors from each of the 54 factory companies, making a total of 108 seats being contested.

3. Kenya Shilling Weakens for Second Day Straight on Rate Cut Speculation

Kenya’s shilling weakened for a second day to a seven-month low on speculation the central bank will cut its benchmark interest rate this week after inflation slowed. The currency of East Africa’s biggest economy depreciated 0.2 percent to close at 86.45 a dollar, the lowest since May 30, according to data compiled by Bloomberg. It had fallen to as weak as 86.65 earlier in Nairobi.

4. Nairobi The Second Worst City to Live in Globally

Kenya’s Capital Nairobi has been ranked the 2nd worst city to live in globally. East Africa’s Economic hub was ranked so poorly globally based on its metropolis nature, the city’s green space, natural assets in the city and its connectivity. The ranking by The Economist Intelligence Unit also rated the cities based on pollution indices and Isolation (proximity to other cities).

5. Obama Could Get 3rd Term if Law is Ammended

Americans around the nation were shocked Friday as they heard about H.J.Res. 15. H.J.Res 15 proposes an amendment to the Constitution of the United States to repeal the Twenty-second Amendment. This would remove the limitation on the number of terms an individual may serve as President. Rep. José Serrano (D- NY15) introduced the controversial joint resolution on Friday, the second day of the 2013 legislative session.

6. Would You Make Phonecalls on Facebook? 

In what seems like a continual quest for complete world domination, Facebook is testing some new changes that would allow all of the social network’s billion users to make calls for free.

Canadians are the first to test out this new feature, which is part of the upgrades to Facebook’s Messenger app. The phone calls will be made using VoIP technology, which is the same process currently used by Skype. This means that your phone calls get sent over the Internet, as opposed to normal cellular-telephone networks.

7. Aid is Complicated: Its Myths and Conflicts

I don’t necessarily object to strings attached to aid: if your cousin asks you to borrow money, or to be helped out with a donation, then you might want to insist that the money actually goes to school fees and not to evenings at the bar. In the case of countries, this is of course more complex, and strings attached may be well intended, but possibly not well informed. Still: there is no right to a freebie. Is there?

8. Tourism Industry Appeals to Parliament

PLAYERS in the Tourism Industry are urging MPs not to the pass Alcoholic Drinks Control Act Bill 2012 arguing it will have adverse economic implications on their business. The bill is due for debate in parliament tomorrow and industry players are concerned that  If it is passed in its current form it will have adverse economic implications on the industry.

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