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1. Deal is Signed but Voter Kits Will Still be Late
The cost of biometric voter registration kits on Thursday hit the Sh7 billion (Euros 65 million), with indications that the government’s contract with the Canadian firm could lead to payment of more money
Even as the agreement was being signed it appeared that the kits might not be delivered before the November 5 deadlines given by the Independent Electoral and Boundaries Commission (IEBC).
2. New Rule Will Show How Much Corporate Bosses earn
You will soon know how much each company director earns following the ongoing review of the Code of Corporate Governance for public companies in Kenya.
Speaking to the Nation on the sidelines of a corporate governance and financial reporting (Fire) award conference at the Safari Park Hotel in Nairobi on Thursday, Centre for Corporate Governance chairman Job Kihumba said the reviews seek to align the code to global best practices.
3. Small Scale Farmers Get KES 2.5 Billion US Loan
The United States government through its development arm the United States Agency for International Development has extented a 30 million US dollars (Sh2.55 billion) grant to Kenyan microfinance institutions for onward lending to small scale farmers.
The grant will be channelled through the Kenya Commercial Bank , Kenya Women Finance Trust , Small and Micro Enterprise Programme and Kenya Credit Information Sharing Initiative.
4. CBK Boss In Trouble Over Charter House Re-Opening
Parliament's departmental committee on Implementation has issued summons to the the Central Bank of Kenya Governor, Njuguna Mdungu for defying three requests to appear before it.
The summons were issued yesterday after Ndung'u snubbed the committee for the third time. He instead wrote a letter citing a pending court case on the matter as his reasons for non appearance.
The chairman of the committee Tharaka MP Alex Mwiru said the summons were issued through the office of the Speaker Kenneth Marende. He said the committee expects the Governor to appear before it within seven days upon issuance of summons.
5. 9 Million to Get Free Health Cover in NHIF Plan
Nine million poor Kenyans will benefit from free healthcare next year following a new programme spearheaded by the national health insurer.
The National Hospital Insurance Fund (NHIF), with sponsorship from the Rockefeller Foundation amounting to Sh23 billion, will roll out a health package for the poor that will include general consultation, laboratory tests, drugs and X-rays for free.
6. Rwanda Air Targets Regional Expansion
Rwanda's national carrier RwandAir is looking at expanding its operations in the region by growing its fleet as competition intensifies. The company targets to own 18 planes within the next six years .
On Monday it received its sixth aircraft, a Bombardier CRJ900. It has also purchased a similar jet which is expected next month. RwandAir Chief Executive Officer, John Mirenge, said the new planes will serve its existing and new routes in East, central and southern Africa.
7. Kenya Takes Centre Stage for African Innovation
Firms seeking to prospect for oil, gas and other mineral resources in the country will have to part with more in license fees once the Ministry of Energy finalises new energy laws.
The Commissioner for Petroleum in the ministry Martin Heya said the newfound interest Kenya’s energy sector has gained with the discovery of oil in Turkana and natural gas in the offshore area around Malindi, boosts the country’s potential in exploration.
Abacus is the result of over 10 years market experience and is licensed as a data vendor by the Nairobi Securities Exchange
| Email: | hello@abacus.co.ke |
|---|---|
| Tel: | +254 792 753 774 |