1. First Independently calculated Government Bond Index Launched

The Nairobi Securities Exchange (NSE) working with international Index provider FTSE Group has officially announced the launch of the FTSE NSE Kenyan Shilling Government Bond Index. The index is the world’s first independently calculated benchmark index tracking the principal Kenyan Government bond market.

2. Airtel Hits at Kibaki  Over rate Cut Freeze 

Airtel Kenya says the delay in lowering the Mobile Termination Rate (MTR) is a government ploy to benefit two of its rivals and warned that it may be forced to review some planned investments.

3. Work on City, JKIA Rail Link Starts Next Year

Work on the railway line linking the city centre and the Jomo Kenya International Airport (JKIA) will start early next year, Kenya Railways has said. The line whose cost is estimated between KES 5 billion and KES 7 billion will be used by diesel-powered locomotives taking traffic in and out of the airport. But he actual cost will be determined by bidders.

4. Canada's Simba Energy to Drill For Oil in Kenya in 2013

Pan-African oil & gas explorer Simba Energy is to drill its first well in northeast Kenya in 2013, a company executive said on Wednesday, the latest effort by an energy firm to find oil in the east African nation. The Canada-based explorer recently completed a passive seismic survey and believes there are at least one billion barrels of oil in the Kenyan block.

5. Newborn Genetic Test Catches Rare Diseases Earlier

A new technology can diagnose rare genetic disorders in critically ill newborns within a few days, rather than the weeks that are needed with current methods, researchers say. The technology involves sequencing the infant's genome, and then using new software to hone in on the genes most likely to be disease culprits.

6. Malawi President Joyce Banda Cuts Own Salary

Malawi President Joyce Banda announced that she will take a 30% pay cut to show that she will sacrifice personally as part of her government's austerity measures. Banda, Africa's second female president after Liberia's Ellen Johnson Sirleaf, came to power in April following the death of President Bingu wa Mutharika. Banda and Vice-President Khumbo Kachali will both cut their salaries by 30 percent, but Banda said she will not force the rest of her cabinet to do so, saying it was up to them to choose.

7. No Recovery Until 2018, IMF Warns

The International Monetary Fund's chief economist has warned that theglobal economy will take a decade to recover from the financial crisis as the latest snapshot of the UK economy suggested that growth in the third quarter will be at best anaemic.

8. Teachers(In UK) Step Up 'Positive' Industrial Action

Industrial action by teachers over issues including pay, pensions and workload has been stepped up amid warnings of an escalation in the coming months. Members of the National Union of Teachers (NUT) launched a campaign of action, joining those in the NASUWT who are already taking action.

Nine out of 10 teachers in England and Wales will be involved.