POCANTICO HILLS, N.Y.
(AP) — President Barack Obama on Saturday temporarily set aside the
pressures of trying to calm the world's trouble spots and assumed the
role of spectator for something more joyous: the wedding of the Obama
family's longtime chef and friend.
Pages
▼
Sunday, August 31, 2014
Uncoordinated data hampering tourism growth, says minister
By Abdulaziizi K. Tumusiime
In Summary
Tasked. Uganda Tourism Association asked to gather and release information.
Kampala.
The absence of standard information about the tourism industry in Uganda is frustrating progress, the Minister for Tourism has said.
The absence of standard information about the tourism industry in Uganda is frustrating progress, the Minister for Tourism has said.
Construction industry wants rates reduced to build affordable houses
By ISMAIL MUSA LADU
Posted Monday, August 25 2014 at 01:00
Posted Monday, August 25 2014 at 01:00
In Summary
Still expensive. Most lowly priced houses range between Shs80 million and Shs300 million.
Kampala.
UN advises on need for increased investment in labour market
By MARTIN LUTHER OKETCH
In Summary
Experts say there ought to be a policy in place to address unemployment.
Kampala
The United Nations has advised Uganda to invest
heavily in finding labour market for her citizens in outside countries
saying the move will lead to reduction in unemployment and increase in
capital
Museveni assures tea farmers, processors about price stability
By ALFRED TUMUSHABE & ZADOCK AMANYISA
In Summary
The factory employs about 140 workers most of whom are from Bushenyi
BUSHENYI
President Yoweri Museveni has assured tea farmers and processors of access to market and price stability.
I’m rich and pay debts, says Museveni
By ISMAIL MUSA LADU
In Summary
Appeal. President says it is good practice for anybody to pay up debts irrespective of social status in the society.
Kampala.
President Museveni has said he is one rich man who promptly pays his debts.
Govt rotates corrupt officials, says Lokodo
By CHRIS OBORE
In Summary
Accusations. The Ethics minister claims corrupt
bureaucrats are privileged to determine which ministry or government
agency they want to work in.
KAMPALA.
Most corrupt officials in government are usually rotated in “juicy” ministries with the help of “god fathers”, Ethics minister Simon Lokodo has said.
Most corrupt officials in government are usually rotated in “juicy” ministries with the help of “god fathers”, Ethics minister Simon Lokodo has said.
Essar says in binding pact to sell Kenya telecoms business
Corporate News
By Reuters
In Summary
- The deals received conditional approval from Kenya's telecoms regulator in March.
Coca Cola to invest $5bn in Africa
By SCOLA KAMAU Special Correspondent
In Summary
- Coca-Cola is investing more funds in Kenya, Ethiopia and Tanzania as it seeks to diversify its business to caffeinated products and fresh juices in Africa, while offsetting the slowing growth of soda sales in other markets.
Investor-friendly energy laws in EA key to success of power project
By SCOLA KAMAU Special Correspondent
In Summary
- Africa needs $300 billion funding for power projects but the beneficiaries may have to review laws governing the sector if they hope to compete favourably for the money with Nigeria and South Africa, which have standardised terms for investors in power projects.
What’s with all these international sovereign bonds being issued by African governments?
By ANZETSE WERE Special Correspondent
In Summary
- It seems as though African government are courting this new-found attention and perhaps entering into more agreements than advisable. Eurobonding seems to be trendy in Africa.
- Africa risks becoming overleveraged.
- Despite immense optimism about Africa, it is still a poorly understood market, considered a high-risk venture and, therefore, vulnerable to negative hype. That can push it back to being the investment pariah.
S&P sees Africa eurobond issuers paying more as cheap-money era ends
By Bloomberg News
In Summary
- Reductions in the Fed’s monetary stimulus that pumped cheaper cash into developing-nation assets is changing the conditions of issuance for countries with struggling economies.
- Periods of “oversubscribed bond offerings and very narrow, very tight spreads are over.”
- Rising African yields may be a reflection of more realistic risk pricing.
IMF boss expresses concern that Africa’s sovereign debt is rising
By Bloomberg News
In Summary
- Sovereign debt issuances in sub-Saharan countries may reach $6 billion this year.
Uganda rules out use of ‘risky’ Eurobonds
By HALIMA ABDALLAH Special Correspondent
In Summary
- Bank of Uganda governor Emmanuel Mutebile said Uganda will use concessional loans for its development because the lending rates are lower and the loans are usually accompanied by grants of up to a quarter of the borrowed amount.
- Economists warned that Africa, which has enormous resources but lacks money to invest, risks being mortgaged like Argentina to specialist debt merchants referred to as vulture funds through commercial debt.
Dar port the most expensive for EAC importers — report
By CHRISTABEL LIGAMI Special Correspondent
In Summary
- But transporting goods from the port of Mombasa through Kenya is more expensive than freight through Tanzania, the report finds.
- Report urges East African governments to invest in infrastructure and provide incentives for the private sector to provide more efficient transport and logistics services.
Tax capital gains only after discovery, says oil, gas industry
By KENNEDY SENELWA Special Correspondent
In Summary
- The government expects to earn Ksh9 billion ($102 million) annually from the CGT, which had been abolished 36 years ago in 1978.
- This is likely to make prospecting blocks less attractive as CGT on transfer of shares before discovery of oil or gas increases the risk profile. The amendments will also see the withholding tax on dividends from mining operations rise from 10 per cent to 20 per cent.
President Uhuru’s dilemma in dealing with Somalia and South Sudan crises
By JOINT REPORT The EastAfrican
President Uhuru Kenyatta (left) with Prime Minister Li Keqiang in Nairobi, when the Chinese leader visited recently. Photo/FIL
In Summary
- Kenya and Somalia are at loggerheads over how to govern southern Somalia, currently controlled by Kenyan troops belatedly brought under the aegis of the African Union Mission in Somalia (Amisom).
- Kenya has little leverage over South Sudan’s leaders, many of whom have assets in Kenya
EDITORIAL: Constitutionalism in EA at the crossroads
(From left to right) Zanzibar second Vice Resident Ambassador Seif Iddi;
Rwanda Prime Minister Pierre Habumuremyi; Tanzania’s President Jakaya
Kikwete; Kenya’s President Uhuru Kenyatta; Uganda’s President Yoweri
Museveni; Burundi First Vice President Burundi Prosper Bazombanza unveil
the East African Court of Justice guide book
By The EastAfrican
The East African Community has earned praise as
the most progressive of all the five economic blocs on the continent,
but unfortunately member states don’t seem to get it right when
reforming institutions of governance.
Referendum gives Kenyans the ultimate sovereign authority
By Sekou Owino
In Summary
- The people of Kenya at a referendum have become the ultimate sovereign authority of this country. That is a privilege that cannot be denied. The question then, is, to what use that innate arm of government, the people at referendum, will be used
Kenya’s supreme law at a crossroads amid clamour for review
By FRED OLUOCH Special Correspondent
In Summary
- Four years after promulgation, Kenya’s Constitution is at a crossroads with calls for a referendum pitting the opposition and a section of Governors against the government in a political context.
- At the centre of the demands for a referendum is the implementation of devolution, a key pillar of the Constitution that came into effect on August 27, 2010.
- Insufficient understanding of the Constitution by a cross-section of actors has led to some institutions failing to adhere to or respect their roles and functions and therefore interfering with the roles of others.
Oil law takes Uganda closer to regulation
By JOINT REPORT The EastAfrican
In Summary
- The Petroleum (Refining, Gas Processing and Conversion, Transportation and Storage) Bill 2012 is the second of three new laws to be passed by parliament.
- The new law gives power to the Minister of Energy to grant, suspend and revoke oil and gas licenses.
- However, observers said the new laws do not promote transparency but rather confidentiality, the environmental protection aspect is weak, and that they will not promote investment in the oil sector.
Oil extraction will ruin Uganda’s environment
The excitement over vast oil and gas discoveries
in Uganda has just began; but it may not climax as yet, as serious
environmental concerns arise — the same areas that have the minerals
beneath, provides for over 70 per cent of the country’s conservation
areas for wildlife and natural forest resources at the top.
Time bomb in the Albertine as oil firms lack waste disposal plan
By JULIUS BARIGABA The EastAfrican
In Summary
- Auditor-General blows the lid off the National Environment Management Authority’s failure to regulate oil firms, noting that the manner in which oil waste is currently disposed of may lead to an ecological disaster in the region.
- All Uganda’s oil fields are located in the richly varied Albertine Graben, a good section of which is a protected area and habitat for wildlife, with five game parks, several lakes and forest reserves.
- The audit, covering the period from 2006, when Uganda discovered oil till June 2013, says while drilling activity is ongoing, Nema has delayed coming up with adequate environmental regulations and guidelines, the risk of posing both environmental and economic harm.
Kikwete pours cold water on Warioba draft, law process at stake
By JENERALI ULIMWENGU
In Summary
- President Kikwete’s remarks have provoked debate from all sides. Those who oppose the three-tier government, especially within the ruling CCM, have praised his stance, while those supporting the creation of a government for Tanganyika have rejected his remarks.
Tanzania’s Katiba process dogged by lack of trust, boycotts, wrangling and deceit
By Jenerali Ulimwengu
Most of the opposition members have walked out
of meetings and have vowed never to return. Committees are failing to
meet because of quorum deficits. Individuals and groups are seeking
court injunctions to stop Tanzania’s Katiba process.
Will Kikwete’s intervention save Katiba talks?
By CHRISTOPHER KIDANKA The EastAfrican
In Summary
- With exception of UDP, CCM and TLP, the opposition form a coalition dubbed Ukawa, which has boycotted the CA sittings since April this year, citing violation of the law governing its activities.
- A proposal by the opposition to postpone the review until after the 2015 elections has received support from a cross section of experts who say the available time is inadequate.
- Observers say the process is doomed to fail because of the involvement of too many politicians in the Assembly.
African Union’s progress in pushing continental integration agenda
While trade blocs in Africa have been emerging, the continent is yet to trade as a single entity with other regions. Carole Kimutai spoke to the deputy chairperson of the African Union Commission Erastus Mwencha on future trade prospects for the continent.
EA traders to access bigger market
By CHRISTABEL LIGAMI, Special Correspondent
inShare
inShare
East African traders stand to benefit from an
expanded market outside the EAC after the region opened its tariff
offers as required by the Tripartite Free Trade Area.
Kenya eyes funding from private investors for various mega projects
By JOINT REPORT The EastAfrican
In Summary
- The government has approved 56 projects for the PPP initiative, while eight more are awaiting Cabinet approval before they are opened up to investors.
- The government is struggling to maintain its infrastructure upgrading and expansion programme amid spending pressures occasioned by devolution and growing wage demands from the country’s public sector.
- Over the next five years, the country intends to spend over $40 billion — or three times its annual budget — in building new infrastructure and upgrading existing facilities, with investment in energy and transport expected to take up the bulk of the projected spending.
East Africa plans united front in search of $25b Lapsset funding
By Muthoki Mumo
Posted Friday, August 1 2014 at 11:31
Posted Friday, August 1 2014 at 11:31
In Summary
- Presidents from Kenya, Uganda, Ethiopia and South Sudan, said “a joint approach” to the Lapsset corridor was essential for the quick implementation of the project.
- In seeking funding for the Lapsset project, the countries may emulate the African Development Bank’s Africa50 Infrastructure Fund model.
- The Lapsset project will include a new railway line, an oil pipeline, an airport in Isiolo and a port in Lamu as well as resort cities.
EAC losing billions in trade to Comesa, SADC
By ADAM IHUCHA Special Correspondent
In Summary
- EAC partner states apply different external trade tariffs because of their membership to different trade blocs.
- Experts say the preferential treatment granted to third parties reduces the expanded market that the EAC is supposed to offer regional industries.
Trade between EAC countries at new highs, but numbers still low
By JEFF OTIENO The EastAfrican
In Summary
- EAC countries traded more with each other than with any other trading blocs on the continent between 2000 and 2012.
Tanzania becomes Kenya’s largest East Africa market
By JOINT REPORT The EastAfrican
In Summary
- Kenyan officials attributed the change in trade volumes to increased monitoring of non-tariff barriers after the EAC became a Single Customs Territory.
- Uganda has over the past two decades attracted substantial foreign direct investment in key sectors like manufacturing and services, reducing its reliance on imports.
- Trend, if maintained, presents Kenyan manufacturers with a bigger and more diversified market.
Saturday, August 30, 2014
Former TBS boss jailed for abuse of office
By Rosina John, The Citizen Correspondent
In Summary
The Kisutu Resident Magistrate’s Court convicted Ekelege on three counts, each of which carried a one-year jail sentence.
Dar es Salaam. Former Tanzania Bureau of
Standard (TBS) director general Charles Ekelege was yesterday jailed for
three years for abuse of office.
US traders arrive to lobby govt
By The Citizen Reporter
In Summary
- Reliable sources in the ministry of Livestock Development said the American businessmen arrived on Tuesday on a mission to convince the government to lift its ban on cheap imported chicken from Brazil
Uda eyes over Sh200bn in listing at DSE
By Samuel Kamndaya, The Citizen Reporter
In Summary
Mr Robert Kisena, chairman and CEO of Simon Group,
which has a controlling stake in Uda, told The Citizen in Dar es Salaam
on Wednesday that the money would help the company with preparations for
the second and third phases of the Dar es Salaam Rapid Transit (Dart)
project.
SA court convicts Tanzanians over Rwanda’s ex-general murder plot
In Summary
- Rwandan national Amani Uriwane, together with Tanzanians Hassan Mohammedi Nduli, Sady Abdou and Hemedi Dengengo Sefu, will be sentenced on September 10
Krugersdorp, South Africa. A
South African court yesterday convicted four men of attempting to murder
former Rwandan general who had fled after falling out with the East
African country’s strongman Paul Kagame.
Eala monitors implementation of Single Customs Territory in TZ
By Katare Mbashiri,The Citizen Reporter
In Summary
- The commissioners are mobilising public awareness since the promulgation of SCT at the regional Heads of State summit last year.
Dar es Salaam. Five
commissioners from the East African Community (EAC) member states are in
the country to monitor and evaluate progress on the implementation of
the Single Customs Territory (SCT).
Kenya, Somalia border row threatens oil exploration
Politics and policy
By Reuters
In Summary
- Neighbours at odds over where boundary sits in Indian Ocean
- Total, Anadarko have licensed blocks in the region
- East, Horn of Africa hot spots for oil, gas exploration
Somalia takes Kenya to UN court in oil rights row
Politics and policy
By Reuters
In Summary
- Somalia has said the row risks deterring multinational oil companies from exploring for oil and gas offshore east Africa.
East Africa move to cleaner fuels to soak up new low-sulphur supplies
Politics and policy
By Jessica Jaganathan
In Summary
- Sulphur in diesel to be lowered to 50 ppm; gasoline to 150 ppm
- New standards could absorb low-sulphur glut next year -traders
Sh1.3bn heroin ship blown up 10 miles off Mombasa
Politics and policy
In Summary
- Military helicopters circled around the Kenya Navy war ship KNS Jasiri from where navy officers coordinated the operation.
- Smoke billowed from the explosion that died within a minute. The area of the detonation is about 10 miles to the nearest point of land.