1. UK city goes rogue, opts for own currency

 As Britain loses faith in its banks and feels shockwaves from the euro crisis, one city is trying to keep local wealth in local pockets with the launch of its own currency.

The Bristol pound — usable only with member businesses in the city in southwest England — is to launch in September, and organisers are deluged with local firms wanting to sign up. - Daily Nation

 2. De La Rue wants erroneous MPs’ report expunged

British currency printing firm De La Rue says the Parliamentary Public Accounts Committee (PAC) should correct ‘false allegations’ made in its report released on August 1 that claimed they overcharged the government to produce bank notes. - Capital Business

3. Stand-off looms as Kosgei kicks cartels out of coffee exchange

The management of coffee trading at the Nairobi exchange is set to take a new shape following the introduction of rules targeting cartels. Agriculture minister Sally Kosgei has gazetted new regulations that remove the Nairobi Coffee Exchange (NCE) from the hands of the cartels and give the government supervisory powers over the market. - Business Daily

4. Kenyan companies rush to tap diaspora market

Kenyan companies are rushing to tap the huge financial opportunities in the diaspora as remittances continue to rise sharply. KCB, CIC Insurance, and Nation Media Group, are some of the players in the insurance, banking and money transfer business which have joined Safaricom, Chase, Co-op, Equity and Gulf African Bank to take their services and products to Kenyans living abroad. - Business Daily

5. Bill to set up coconut industry regulator sails through

Parliament has concluded debate on a Bill seeking to anchor into law the Kenya Coconut Authority which was set up through a presidential executive order. Garsen MP Danson Mungatana said the coconut industry had a potential to generate Sh23 billion annually. He said about 8 million trees were being cultivated- Business Daily

6.  Kenya targets Sh100 billion from tourism

The Government expects to realise Sh100 billion from tourism this year, Tourism Minister Dan Mwazo has said. He said the number of tourist arrivals is expected to improve because of aggressive marketing the Government has undertaken. - The Standard

7.  Council on the spot over Sh700m solid waste deal

A civic authority is in a dilemma over a multimillion solid waste management project which recently flopped due to donor fatigue.  The French Government, through its Development Agency (AFD), allegedly withdrew some Sh700 million it had granted the Nakuru Municipal Council under a mutual agreement.

The Financing Agreement for Solid Waste Management has stalled for the past several months as the money was supposed to help relocated the condemned Gioto dumpsite. - Daily Nation

8. Kenyan traders cry foul over Chinese street dealers

Hundreds of Kenyan traders took to the streets of Nairobi on Thursday accusing Chinese dealers of abusing tourist visas to come into the country and peddle cheap wares.

Blowing whistles and plastic horns, the banner-waving protesters marched to the prime minister's office shouting "Chinese must go" and handed over a petition.- Reuters