Mumias Sugar set to receive Sh500m bail out

A supermarket employee arranges Mumias Sugar bags. FILE PHOTO | DIANA NGILA |  NATION MEDIA GROUP

In Summary

• Agriculture minister says officers responsible for company woes must be held accountable.
• Rescue package comes after the miller sought to replace top brass by advertising key posts.

By RAMENYA GIBENDI
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By JOHN SHILITSA
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Cash-starved Mumias Sugar is set to receive Sh500 million bail out package next week after the miller announced a plan to replace top managers.

Kenya to have highest number of initial public offerings in East Africa

Money Markets

The number of African companies listing on the bourse could rise by a quarter this year if the firms that plan an IPO go ahead. 

By KENNEDY SENELWA

In Summary

• According to Baker & McKenzie, an international law firm based in London, the number of African companies listing on the bourse could rise by a quarter this year if the firms that plan an IPO go ahead.
• African companies are most likely to go public on their domestic exchanges, with the Egyptian, Kenyan, Moroccan, and Nigerian, South African and Tunisian markets set to be the most active in 2015. 
• Financials and real estate are likely to be the most active sectors, along with more well-established areas of activity such as energy and power.

Kenya is expected to have the highest number of initial public offerings in East Africa this year.

Kenya’s share of IPOs in sub-Saharan African is projected at about 8 per cent while regional ..................

ODM Homa Bay candidate hurt at funeral violence

ODM candidate in the Homa Bay Senate seat by-election, Moses Kajwang, at the Homa Bay Referral Hospital on January 30, 2015 where he was treated for a head wound after youths threw stones at a funeral. PHOTO | MAURICE KALUOCH | NATION MEDIA GROUP 

In Summary

• Kajwang’ taken to Homa Bay Referral Hospital, treated and discharged.
• Mr Musyoka and Mr Wetang’ula will on Saturday lead the hunt for votes for Mr Kajwang’.

By MAURICE KALUOCH
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By MOSES ODHIAMBO
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The ODM candidate for the Homa Bay Senate by-election, Moses Kajwang’, was on Friday injured when rival supporters fought at a funeral.

Kenya bid for African court supported

President Uhuru Kenyatta attends the opening of the 24th Ordinary Session of the Assembly of Heads of State and Government of the African Union in Addis Ababa Ethiopia on January 30, 2015. PHOTO | PSCU 

In Summary

• President Kenyatta expected to address the AU summit in Addis Ababa on Saturday.
• Outgoing AU boss and Mauritania president says an African version of the ICC the way to go for continent.

By JOHN NGIRACHU
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ADDIS ABABA

Kenya’s bid for an African court to hear cases of crimes against humanity has received the backing of Mauritania.

Focus on masterminds of the 2007 violence, not human rights activists

Mombasa Senator Hassan Omar. FILE PHOTO | NATION MEDIA GROUP 

In Summary

• The gist is that by producing human rights reports, the KNCHR and NGOs contrived to put some people in trouble and that had there been no report, there would have been no cases in the first place.
• The facts were verified and counter-checked. But human rights groups do not produce evidence for trials. They document and then use those facts to call for thorough and deeper investigations that can be held up in court.
• I was involved in setting up the teams to do the documentation, aware that with the ethnic and political divisions, the teams needed to be balanced and diverse in order to ensure the information received was not manipulated to suit particular agendas.

By MAINA KIAI
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Last week The Star newspaper put out a headline that Hassan Omar and I had “saved Raila from the ICC” attributing the statement to Mr Uhuru Kenyatta’s British lawyers.

Three Chad soldiers, 123 Boko Haram militants killed in Cameroon

A journalist films the waters of Lake Chad which borders Chad, Nigeria, Niger and Cameroon, in Bol on January 25, 2015. Three soldiers and 123 Boko Haram militants were killed when the Islamist group attacked a Chadian army contingent in northern Cameroon, the Chadian military said on Friday. AFP PHOTO | SIA KAMBOU 

In Summary

• Chad sent a convoy of troops and military vehicles into neighbouring Cameroon on January 17 to deal with the growing threat Boko Haram poses in the region.
• Boko Haram frequently stages attacks on Fotokol from their base in the Nigerian town of Gamboru, which is just 500 metres (yards) away.
• Chad has called on countries in the region to form a broad coalition in the fight against the Islamist group.

By AFP
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Three soldiers and 123 Boko Haram militants were killed when the Islamist group attacked a Chadian army contingent in northern Cameroon, the Chadian military said on Friday.

UN chief thanks Uhuru Kenyatta for Kenya's 'hospitality' toward refugees

This photo taken on July 31, 2011, shows Somali refugees walking in the new Ifo-extension at the Dadaab refugee camp in Kenya, the largest refugee camp in the world. AFP PHOTO | TONY KARUMBA 

In Summary

• The UN Secretary-General also sought President Kenyatta's views on the Igad-led peace talks on South Sudan, the UN statement added.
• More than 550,000 refugees and asylum seekers — mostly from Somalia — are currently housed in the Dadaab and Kakuma camps in Kenya, according to the UN

By KEVIN J. KELLEY
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United Nations Secretary-General Ban Ki-moon thanked President Kenyatta on Friday for Kenya's hospitality towards refugees.