Abacus Wealth Management

8 Things You Should Know This Morning

1. Kenya doctors to down their stethoscopes today

More than 3,000 doctors under the Kenya Medical Practitioners Pharmacists and Dentists Union are to go on strike beginning today. The Government has declared the strike illegal.

2. KenolKobil sale to Swiss Puma Energy blocked by high court again

The high court has granted an official application by the Kenya Pipeline Company (KPC) to block the sale of KenolKobil to Swiss firm Puma Energy on an alleged 2 billion shillings KenolKobil owes KPC for oil transportation rendered between 2009 and 2010.

3. Sam Ongeri escapes unhurt after suicide bomb attack

Foreign affairs minister Sam Ongeri yesterday escaped unhurt after suicide bombers attacked a Mogadishu hotel where a Kenyan delegation was meeting Somali President Hassan Sheikh Mohamud. 8 people perished in the attack.

4. Kenyan stock market index reaches year’s high

The NSE 20 Share Index which rises based on the price of 20 blue chip Kenyan stocks reached a new 52 week high of 3,941.10 points yesterday indicating that Kenyan stock prices are edging further up.

5. US Aid to Kenya Linked to Human Rights Violations

The financial and training support that the Kenyan government has received from the US military has been found to be correlated with increasing human rights violations within Kenya’s environs.

6. Candidates fail to meet criteria for top CMA position

Finance minister Njeru Githae has said that three candidates, two women and one man who had applied for the Chief Executive position at the Capital Market’s Authority did not meet the Treasury’s requirements to head the regulator.

7. NSSF Rebrands Ahead of AGM

Social Security provider National Social Security Fund (NSSF) has embarked on a re-branding exercise as part of NSSF’s institutional transformation.

8. 3 billion offered to fund Kenyan entrepreneurs

International finance frim Grofin Services which operated in nine African countries will fund 20-25 Kenyan businesses based on their viability using a 3 billion loan that they have set aside for this purpose.

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