UAP to list real estate holdings at Nairobi bourse

Money Markets

UAP Holdings Ltd group managing director Dominic Kiarie at a past function in Nairobi. PHOTO | FILE 

By GEORGE NGIGI, gngigi@ke.nationmedia.com

In Summary

• Firm in process of structuring Reits that allows holders to share rental yields of listed property.
• I-Reits facilitate introduction of property worth at least Sh300 million into the securities exchange through sale of stake to the public.
• Some of the property owned by the firm include Telkom Plaza, Union Towers and Equity Centre which hosts Equity Bank.

Financial services group UAP Holdings is packaging its commercial property into a real-estate investment vehicle as it prepares to list it at the Nairobi Securities Exchange (NSE).

Titanium miner seeks to reschedule loans after exports delay

Money Markets

Base Titanium facility in Mombasa. PHOTO | FILE 

By GEORGE NGIGI

In Summary

• Base Resources is pushing for up to four-month extension from its financiers who loaned it Sh18.3 billion ($215 million) for exploratory works at Kwale and construction of infrastructure, including a port at Likoni.
• The company started making sales from the Kwale project in February this year against the schedule of October 2013.
• As of June, it had sold ilmenite and zircon deposits worth Sh1.9 billion.

Coast-based Base Resources is seeking to reschedule its loans following delayed exports at its titanium mines in Kwale.

Will my father survive retirement without a wife?

It is a well-established fact that following the death of a wife, the widower then follows, often because of a “broken heart”. File 

By Dr Frank Njenga

In Summary

Why should the people of the local community welcome him back, now that he cannot offer any public service?

My father recently retired to a lonely rural home after many years of public service in Nairobi. Although he has money to rely on, and we are there for him — although we stay in Nairobi and he is in Nyahururu — we feel that loneliness might kill him faster than any ailment. 

Why Africa airlines charge highest fares in the world

Low cost airline EasyJet parked at Paris Roissy Charles de Gaulle airport in Paris. AFP PHOTO 

By DANIEL ONDIEKI

International coverage of Africa tends to be overly negative, focusing on war, disease and poverty. Unfortunately, the facts of life are that we are indeed bottom of the table as pertains most measures of economic development.

Flour millers get e-kit to test for micronutrients

Magazines

A supermarket attendant arranges packets of flour. Millers will now be able to test for fortification on site using iCheck. PHOTO | FILE 

Food fortification test has gone digital with industrialists switching to the use of iCheck test kit to measure micronutrients in food.

Safaricom forum that grooms women in technology comes of age

Ms Angela Wamola during a recent Women in Technology networking forum in Nairobi. PHOTO | COURTESY 

By SIMON CIURI, sciuri@ke.nationmedia.com

In Summary

• Women in Technology (WIT) platform brings together women within and out of the industry with aim of mentoring and growing them in their careers.

Women in Technology (WIT), a Safaricom platform that seeks to break the dominance of men in technology, has come a long way in the short span of about two years.

Use internship to make government truly ‘digital’

Magazines

Uncollected ID cards at a government office. One of the areas that need urgent automation is identification. PHOTO | FILE 

By  Mbugua Njihia

The government is recruiting volunteers aged between 22 and 30 years for a one-year internship programme. The individuals should be recent university graduates, according to adverts.