Dozens of people are flocking to a dam in Makueni County over an alleged appearance of Virgin Mary and baby Jesus on a rock.
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Saturday, October 31, 2015
Man to serve 10 years in jail for travelling to Somalia
In Summary
- Mandera Resident Magistrate Duncan Mtai noted that the accused, by his own admission, intended to join Al-Shabaab.
- Mr Mtai said the accused’s conduct not only posed a danger to himself but also to national security.
- Wakachala has 14 days to appeal against the ruling.
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A 24-year-old man who claimed he intended to join Al-Shabaab
after failing to get admission to university despite scoring an
aggregate of A-minus is to serve 10 years in jail.
Rein in hate mongers now or regret in 2017
- Everybody that was in Kenya during the carnage that followed the 2007 election will understand the danger of the use of force as a tool of political mobilisation.
- It is true that the body’s first aim should be to build social cohesion above all rather than to take up adversarial prosecutions.
Chief Justice Willy Mutunga was blunt in his assessment of the
possibility that the 2017 election may be marked by large-scale
violence.
Why are Chinese the main builders of our roads?
In Summary
- I am also alive to the fact that Chinese firms are not only adept at constructing roads throughout Africa and elsewhere, but they are also winning contracts to construct high speed railways in the United States and the United Kingdom.
- Of the top six companies that have tendered for the construction of the Gichuru- Rironi Road, five are Chinese.
- I am told the Chinese deliver, almost without fail, on quality and timelines. Can Kenyans not deliver on the same? Look East, but remember all politics is local.
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Have you noticed that most road construction in Kenya today, and
from the previous administration, is being undertaken by Chinese firms?
Do you recall that the present government committed to constructing 10,000 km of roads by 2017?
Will local firms, and those from other countries, partake in this boom?
Inside Raila’s strategy to challenge Uhuru’s powers
In Summary
- Odinga’s recent political blitz against Kenyatta comes through as a throwback to the defunct campaign against the omnipotent “imperial presidency,” now gone with the wind.
- In this regard, Cord has invoked Montesquieu’s doctrine of separation of powers to make the point that the President is “invading” the independent powers of the legislative branch.
- In the corridors of Jubilee power, Odinga is seen as having gone to court with the hope of soaring up his economic fortunes to finance his political machine.
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On October 29, 2015, the Raila Odinga-led Coalition for Reforms
and Democracy (Cord) went to the High Court, challenging the powers of
President Uhuru Kenyatta in law-making under the new constitution.
It’s time Africa addressed her education woes
In Summary
- This is just one of a number of global knowledge inequalities that need to be eradicated.
- Higher education across Africa is booming. The number of students enrolled in tertiary education has increased from fewer than 200,000 in 1970 to around 10 million today.
- While African governments now invest around US$2,000 of public funding per student (more than the average for developing countries), this follows decades of underinvestment in which drives for education focused on primary and secondary learning.
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The Fees Must Fall student protests in South Africa have highlighted the many challenges facing university education in Africa.
On the whole, African universities are under funded and under staffed.
Why the board is mudslinging non-governmental organisations
In Summary
- The original announcement about the intended ban had claimed that the NGO sector injected Sh140 billion into the economy but that Sh23 billion could not be accounted for.
- A forensic audit of 10,000 entities spread around the country is a massive exercise, one that would take a large amount of time and would involve a significant financial outlay.
- We have been here before when, in April, following the Garissa University terrorist attack, the Inspector-General of Police announced a ban on 85 entities, for being associated with Al-Shabaab.
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Devolution Cabinet Secretary Anne Waiguru has deferred the
decision of the NGO Board, which had earlier declared the commencement
of a process towards the de-registration of 959 non-compliant NGOs,
announcing that the de-registration will now not go on after the expiry
of the 14-day deadline that had been provided.
Jubilee MPs ask Raila to stop politicising Eurobond saga
In Summary
- r Ruto urged communities in arid and semi-arid areas to take advantage of irrigation schemes in their regions.
- Tana River Governor Hussein Dado hailed the government initiatives aimed at improving the lives of pastoralists.
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Three MPs have accused Cord leader Raila Odinga of politicising the Eurobond saga for selfish gain.
National
Assembly Majority Leader Aden Duale, Kabete MP Ferdinand Waititu and
his Garsen
Russian plane carrying 224 crashes in Egypt's Sinai
In Summary
- State television reported that Prime Minister Ismail Sharif was headed to the accident scene.
- A senior Egyptian air traffic control official said the pilot told him in their last communication that he was having trouble with the radio system.
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CAIRO
A Russian charter plane
carrying 224 people crashed in a mountainous part of Egypt's Sinai
Peninsula Saturday, killing all on board, Egyptian security and medical
officials said.
Stung by hackers, government moves to standardise ICT systems
In Summary
- Cases of redundancy, wastage and difficulties in sharing government data are also to blame for the current lack of standards in State-run platforms.
- The directive calls on all Cabinet and principal secretaries, as well as accounting officers to ensure compliance.
- The national ICT master-plan 2017 states that the government in 2011 spent 65 per cent of the amount on hardware as opposed to the global benchmark which stands at 18 per cent.
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State agencies and ministries have been ordered to streamline
their ICT systems with a view to check the rising cases of cybercrime.
IMF names Kenya among top 10 states exposed to the risks of portfolio flows
Money Markets
By GEOFFREY IRUNGU
In Summary
- The report on the state of the economy of various countries categorises Kenya with Ghana, Mongolia and Serbia as facing the risk of the portfolio flows reversing.
- Among the risks are sudden depreciation of the local currency and the pass-through to import prices and overall inflation.
- The IMF warns that the portfolio flows come at the cost of sudden outflows, such as is expected when interest rates in the US rise in coming weeks.
Kenya is among the top 10 countries with large
portfolio flows that expose them to changes in global investor risk
appetites, says a new study by the International Monetary Fund.
Banks lose battle to stop class action suit at Supreme Court
By BRIAN WASUNA, bwasuna@ke.nationmedia.com
Posted Friday, October 30 2015 at 12:27
Posted Friday, October 30 2015 at 12:27
In Summary
- The Kenya Bankers Association was seeking to terminate a case pitting banks against borrowers who are accusing them of charging interest rates without the Finance minister’s authority as required by law.
- Kenyan law requires lenders to seek the minister’s permission before increasing interest rates or other bank charges.
- The Supreme Court ruled that the issues the KBA had raised in its appeal had not been argued in the lower courts and could therefore not be canvassed in the top court.
- The ruling paves the way for hearing of the case to begin in earnest.
Commercial banks Thursday lost a last-ditch effort to
terminate a potentially devastating class action suit pitting them
against hundreds of borrowers who are seeking compensation for interest
rates they claim were illegally charged on their loans.
Inflation rises to 6.72pc in October
Money Markets
By REUTERS
Inflation in Kenya rose to 6.72 per cent year-on-year
in October from 5.97 per cent a month earlier, the statistics office
said on Friday.
Kenya to sell power to Uganda
Corporate News
By CHRISTABEL LIGAMI, TEA Special Correspondent
In Summary
- The power will be transmitted through a new high voltage line linking the two nations. The grand 400KV regional electricity power exchange line will run from Olkaria in Kenya through Uganda to Birembo in Rwanda. Uganda and Kenya are already connected by older lines. The latest project will add to the new sections.
- This is a deal under the Northern Corridor Infrastructure Power pool, in which the three heads of state of Kenya, Rwanda and Uganda agreed that the country can start off with 30MW.
- The regional power pool will allow power transmission capacity of over 500MW in the three partner states and ensure reliable supply in the region.
Kenya will start exporting power to Uganda following the recent increase in production from geothermal sources.
M-Kopa firm in first energy investment in Tanzania
By SIMON CIURI
In Summary
- Social venture fund Acumen has teamed up with Opes Impact Fund, Persistent Energy Capital and Heri Africa to invest undisclosed amounts in Tanzania solar energy firm, Devergy.
- Acumen has also invested in solar energy in Kenya with a product called M-Kopa.
Social venture fund Acumen has teamed up with Opes Impact
Fund, Persistent Energy Capital and Heri Africa to invest undisclosed
amounts in Tanzania solar energy firm, Devergy.
The firm targets the rural population not served by the national grid.
Party unity in danger as NRM faces fallout from disputed primaries
By GAAKI KIGAMBO
As Ugandan President Yoweri Museveni begins his campaigns
for a fifth term in office, the National Resistance Movement fears that
disputes arising from the internal elections held on October 27 could
derail the party’s unity.
Kagame free to rule till 2034
By JOHNSON KANAMUGIRE
In Summary
- Specifically, Rwandan legislators approved a standalone Article 172 in the draft constitution which will allow President Kagame to rule the country as long as he wishes.
Rwandan lawmakers have removed term limits for the
President, allowing the incumbent to rule the country for the next 19
years ending in 2034, if he decides to contest in 2017.
How due diligence saved top Kenyan financier from a bad Imperial deal
By ALLAN OLINGO
In Summary
- The tier-1 bank is said to have appointed a leading law firm that is owned by a member of the Asian community. After the due diligence, the Imperial bank shareholders never heard from the prospective buyer.
- What may not have been disclosed to the leading bank was that the shareholders were suspecting ‘unexplained losses’ of as much as $400 million.
Shareholders of the troubled Imperial Bank tried to sell it
to a tier-1 Kenyan bank, but the deal fell through at the last minute
when the prospective buyer suddenly cooled off following its own
investigation of the bank’s viability.
Magufuli must embrace reform to save CCM
By DANIEL K. KALINAKI
In Summary
- Dr Magufuli will have to reform more, not less, to keep CCM in power.
- Many who voted for Dr Magufuli did so for the man, not the party.
- Having run on an image of honesty, many will be looking at the new president to address the grand corruption that has characterised the Kikwete decade.
Having won a very competitive election with the lowest
margin by a candidate of the ruling Chama cha Mapinduzi (CCM), it may be
tempting for Tanzania’s president-elect, Dr John Pombe Magufuli to
stonewall on electoral and political reforms that would weaken the party
and the presidency.
Regulator slaps pay cap on NGO donor funds
In Summary
- The directive came after it emerged that out of Sh140 billion that NGOs receive annually, about Sh70 billion goes to recurrent expenditure.
- For instance, the NGOs sector report for last year indicates that NGOs spent Sh10 billion on salaries, Sh26 billion on administrative costs, Sh2 billion on international staff salaries and Sh5 billion on other costs.
- Meanwhile, Cord co-principal Kalonzo Musyoka and Ahadi-Kenya Trust Chief Executive Stanley Kamau have gone to the board to clear their organisations.
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Non-Governmental Organisations (NGOs) will not be allowed to
spend more than 20 per cent of funding from donors on salaries, the
regulator has said.
A proud witness on the sidelines of history in Jo’burg
In Summary
- Upon arrival in Johannesburg last week on Wednesday, I went to Wits to find out what the students were fighting about. The document of demands that I saw was nothing but revolutionary.
- In my mind, I immediately apologised for all the time I have accused this continent’s youngsters born after 1990 of being individualistic and worse, writing e-mails in SMS language.
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The invitation came telephonically in
September. Would I be free to facilitate a book launch for Panashe
Chigumadzi’s debut novel, Sweet Medicine and take part in the Es’kia Mphahlele colloquium at University of Witwatersrand? I said yes to both.
Married people more likely to bounce back after surgery: study
In Summary
- Going into surgery, the married participants already tended to be healthier than their counterparts.
- And after surgery, "marital status was significantly associated with death or a new functional disability," said the study.
- "Participants who were divorced, separated, or widowed had an approximately 40 percent greater odds of dying or developing a new functional disability during the first two years after cardiac surgery compared with the married participants."
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People who are married are more likely to bounce back after
heart surgery than those who are divorced, separated or widowed, US
researchers said Wednesday.
NUTRITION: Diet after cancer
In Summary
- Garlic contains sulphur compounds that help deal with toxins and free radicals, while seeds like sesame and sunflower are rich in selenium, vitamin E, calcium and zinc, which are rich anti-oxidants.
- Sunflower seeds also contain pectin, which removes toxins and heavy metals from the body.
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The survival rate for breast cancer is very reassuring – once
the tumour is removed, many women go on to live pretty healthy lives.
Pakistan seek series win as farewell gift for Misbah
Nico Rosberg bounces back to top Mexican GP practice
In Summary
- Brazilian Felipe Massa was 10th in the second Williams.
- Hamilton was also among the spinners as the conditions changed from wet to damp to dry and then wet again, when it rained in the closing stages.
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MEXICO CITY
Nico Rosberg
bounced back from his disappointment in Texas last Sunday to top the
times in Friday afternoon's second free practice for Sunday's Mexican
Grand Prix, the first in the city for 23 years.
Don’t pester Uhuru and Ruto, Duale tells Raila
In Summary
- Mr Duale told journalists at Parliament Buildings Friday that he would continue responding to Mr Odinga because he is the Majority Leader and is recognised in the Constitution.
- Mr Duale told Mr Odinga that the only way he can engage Parliament is through National Assembly Leader of Minority Francis Nyenze and his Senate counterpart Moses Wetang’ula.
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National Assembly Majority Leader Aden Duale has told Cord
leader Raila Odinga to stop seeking the President and Deputy President’s
attention.
Kenya Power unveils plan to invest Sh109bn in grid upgrade
In Summary
- About Sh9 billion of the funds will be sourced internally while the balance will be in form of loans from both commercial banks and bilateral lenders such as the African Development Bank and the World Bank.
- Kenya Power General Manager, Finance Ken Tarus disclosed the investment plan Friday while presenting the company’s financial results for the year ended June 30.
- The utility company posted a six per cent rise in net profit to Sh7.43 billion for the year ending June 30. Net earnings for the previous year stood at Sh6.99 billion.
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Kenya Power plans to invest Sh109 billion within the next four
years to expand its national grid network and help eliminate electricity
losses.
GE, AMI to host media training on energy and infrastructure
High interest rates to affect Britam’s share earnings
In Summary
- Britam has promised to foot the pension funds audit fees, levies paid to the Retirement Benefits Authority and its own administrative fees charged as the trustee.
- A member will receive up to 15 per cent of the funds deposited.
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British American Investment Company (Britam) has said the 2015
earnings per share "may not perform very well" given the rise in
interest rates, the weakening of the shilling and the poor performance
of equities at the Nairobi Securities Exchange.
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