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mwekez@ji		#151 Posted : Monday, July 22, 2013 10:10:26 AM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		500,000 Jobs To Be Created In The Textile Sector
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mwekez@ji		#152 Posted : Monday, July 22, 2013 10:24:28 AM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		KPA steps up cargo clearance following Uhuru’s directive
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mwekez@ji		#153 Posted : Monday, July 22, 2013 11:22:30 AM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		Kenya Ports Authority Opens in Kigali
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mwekez@ji		#154 Posted : Tuesday, July 23, 2013 10:20:36 AM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		Building of Sh10bn cement plant in Pokot to start next month In a statement on Monday, Cemtech Kenya, which co-owns the proposed plant with Indian cement producer Sanghi Group, said they have confirmed the availability of a good quality limestone at the site to sustain the factory for a minimum of 50 years. “It is hereby confirmed that the Sanghi Group shall commence the construction work at site as from Wednesday 14th August, 2013 onwards,” the statement said. With a production capacity of about 1.2 million tonnes per annum, the factory will become Kenya’s largest manufacturing plant, surpassing Bamburi’s annual output of 1.1 million tonnes yearly.
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Museveni		#155 Posted : Tuesday, July 23, 2013 3:05:37 PM
Rank: Member Joined: 8/16/2012 Posts: 661		Quote: Kenya plans to sell 70 billion shillings ($801 million) worth of infrastructure bonds and establish a venture-capital fund to expand its high-speed Internet network more than six-fold, a government official said. The national broadband steering committee, comprising representatives from state agencies including the Communications Commission of Kenya, wants to increase the number of households with broadband Internet access to 35 percent by 2017 from 6.3 percent now, Susan Mochache-Wekesa, the head of the team and an assistant director at CCK, told reporters today in the capital, Nairobi. The venture capital fund will raise 30 billion shillings, she said. “In the short term we will need 100 billion shillings,” Mochache-Wekesa said. “We will require 210 billion shillings by 2030.” She didn’t say when the proposed bond would be sold...... Live and learn; and don’t forget, nothing ventured, nothing gained.
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mwekez@ji		#156 Posted : Wednesday, July 24, 2013 10:42:13 AM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		Kenya to receive 40 billion shillings in aid from EU in 2014-2020 "The funding amount is likely to rise to as much as 50 billion shillings as programs are developed and details confirmed," EU mission to Kenya said on Wednesday in a statement.
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mwekez@ji		#157 Posted : Wednesday, July 24, 2013 2:59:36 PM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		World Bank to Help Kenya Build a National Safety Net to Reach 3.3 Million Poor People by 2017
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mwekez@ji		#158 Posted : Thursday, July 25, 2013 9:19:29 AM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		The World Bank on Wednesday announced its board has approved a $250 million (Sh21.9 billion) interest-free loan to provide cash support to the poorest 3.3 million Kenyans. One of the largest externally funded safety net programme will finance some of the 38 per cent of Kenyans living in poverty especially in the rural areas. It will absorb a similar programme aimed at poor elders that has in the past been administered under the provincial administration. Last year, the government launched a programme targeting poor households with the elder head getting Sh2,000 a month. Another transfer programme has targeted the orphaned and vulnerable children. Other government intervention programmes include the Hunger Safety Net Programme, the Urban Food Subsidy Cash Transfer and the Persons with Severe Disability Cash Transfer.
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mwekez@ji		#159 Posted : Thursday, July 25, 2013 10:47:12 AM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		Kenya-Uganda-Rwanda seek USD 13.5bn for joint railway. The governments of Kenya, Uganda and Rwanda will seek USD 13.5bn in a joint cash mobilization venture by the three East African states to finance a dual truck, 2,937km high capacity Standard Gauge Railway (SGR). The expected cost is split into USD 11.5bn for infrastructure and USD 2bn for Rolling stock. Every country will bear the burden of repayment for its portion of the loan. The average cost for the project is USD 3.9m per km. The completion of the rail will be completed in 2018. While Kenya introduced a levy of 1.5% on imported goods, that is only expected to raise a paltry USD 250m per year so the rest would have to be sourced by debt. The Kenyan portion for the Mombasa-Malaba/Kisumu is 1,300km and likely to cost close to USD 5.1bn, by our estimates. The SGR will allow freight trains to go upto speed of 120 Kph while passenger trains will attain 180 Kph. The tripartite meeting by the governments expressed dissatisfied with the way RVR has been handling the Kenya-Uganda railway with cargo traffic having reduced since the concession. RVR, whose main shareholders includes Egypt’s Citadel and listed TransCentury (34%) have alluded that amounts to be invested rose due to unforeseen circumstances and that the network had been dilapidated due to years of neglect. Kenya is also planning to construct a 1,400km Lamu-Lokichogio railway and the Nairobi-Moyale 700km rail which will connect Kenya to Juba in South Sudan as part of the Lamu Port- South Sudan- Ethiopia transport corridor. (KTN, Standard Investment Bank)
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hisah		#160 Posted : Thursday, July 25, 2013 3:38:43 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		USDKES threatening to break 88 and fly to 90/- level. Inflation has already reversed and oil price has spiked. If VAT bill is passed more inflation issues will pop up. NSE bulls had better keep this in mind. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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