Lecturers on Thursday called off their strike after they signed a new deal that raised their salaries by 33 per cent. Learning in all public universities is expected to resume on Friday following the agreement of a return-to-work formula and a comprehensive Bargaining Agreement by the University Academic Staff Union (Uasu), University Non-Teaching Staff Union (Untesu) and the University Council.
2. Financial Sector At Risk Over Terror and Money Laundering Laws
Kenya could face international trade restrictions if it fails to enforce money laundering and terrorism financing laws, putting the country’s economy in jeopardy. Under recommendations of the Financial Action Task Force (FATF), Kenya is said to have deficiencies in addressing issues of money laundering (AML) and terrorist financing and has not made sufficient progress in addressing the deficiencies.
3. UNiPesa to partner with Chase Bank
Sources from both UNiPESA and Chase Bank have confirmed that the two are in talks and the partnered service will soon be available. UNiPESA General Manager Mr. Vasily said his company is excited to partner with Chase Bank and believes the ‘work in progress’ that is entailed in the agreement will be finalized soon.
4. Africa Development Bank Approves Loan for Ethiopia Kenya Power Line
The African Development Bank has approved a $348 million loan for Ethiopia and Kenya to finance a cross-border power line, the second phase of a $1.26 billion project to help improve power supply.
5. Fourth Largest Piece of Moon Rock Set for Auction
In fact, it’s the fourth-largest piece of the Earth’s satellite you can come close to owning. (The moon rocks brough back from the Apollo missions are barred from private acquisition — at least, most of them.)
The rock on the block, so to speak, is actually a meteorite, Dar al Gani 1058, and is being sold by Heritage Auctions. It’s expected to fetch upwards toward $380,000.
6. Bank of America to Cut 16,000 Jobs
Bank of America plans to cut 16,000 jobs as part of a major restructuring plan by the end of 2012, when it would no longer be the largest US banking employer, the Wall Street Journal reported Thursday.
7. Government Sued Over Human Trafficking Law
A non-governmental organisation championing for rights of children has sued the state over it’s failure to operationalize law on human trafficking. The organisation says the continued delay or postponement to operationalise the counter trafficking in persons Act amounts to violation of human rights.
The story of the Afghan Asylum seekers who saw Greece as their safe haven.