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GENERAL NEWS
 
Kenya: Mudavadi: I"m innocent on Nairobi cemeteries
Deputy Prime Minister Musalia Mudavadi on Wednesday maintained his innocence over the Sh283 million cemetery land scandal and released documents showing that the money was paid out six months before the sale agreement was signed. Related Stories Mudavadi probed in graves plot scandal Graft muddle stalks Mudavadi Kacc ...

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Kenya: Somali food aid diverted: report
Up to half of the food aid intended for needy Somalis is routinely diverted, according to a United Nations report, an extract of which was obtained by AFP on Wednesday. The report by the UN Monitoring Group on Somalia, originally tasked with tracking violations of the arms embargo, was ...

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Kenya: Sh3bn to kick-off Kenya referendum
The Interim Independent Electoral Commission (IIEC) will get a Sh3 billion boost in this year"s supplementary budget to be tabled in the House later this month.The money will be used to cater for voter registration, an exercise set to begin within the next fortnight.Finance assistant minister Oburu Oginga said even ...

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Kenya: Autopsy: Baby Walter died from head injuries
A second autopsy has confirmed head injury leading to internal bleeding as the cause of baby Walter Odhiambo Junior"s death. Related Stories Sue suspected child killers, orders AG Why did Junior have to die? The second report which was tabled in court on Friday was done ...

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Kenya: Nigerians march to demand ailing leader"s appearance
Hundreds of Nigerians gathered in the capital Abuja on Wednesday for a march to the presidency to demand the appearance of ailing leader Umaru Yar"Adua, two weeks after he returned from a Saudi hospital.The 58-year-old leader has not been seen in public since being flown back after three months of ...

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Kenya: What lessons from EADB"s legal drama in Dar?
On the last day of August 2005, a Tanzanian arbitrator awarded a Tanzanian transport company known as Blueline Enterprises Ltd damages in the sum of $61,386,853 against the East African Development Bank. The basis of the company"s claim included alleged delay by the bank in disbursing the loan and insuring ...

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Kenya: US apologises to Libya for dismissive comments
The U.S. State Department apologised on Tuesday for dismissive comments its spokesman made about Libyan leader Muammar Gaddafi"s call for "jihad," often translated as "armed struggle," against Switzerland."I understand that my personal comments were perceived as a personal attack on the president," State Department spokesman P.J. Crowley, who made the ...

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Kenya: Maternal deaths on the rise despite technology
At least 21 women die daily from childbirth-related complications.The women, who have carried their pregnancy almost to term, do not enjoy the pleasure of cajoling their crying bundles of joy to silence.Annually, this adds up to about 7,700 families losing their mother, sometimes the sole breadwinner, while in the process ...

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Kenya: UN agency punished Somalia whistleblower
The has upheld complaints by a former employee of the U.N. Development Programme who said he suffered retaliation from the UNDP for alleging that its Somalia programme was corrupt.The man, Ismail Ahmed, was transferred to another office without proper visa support, and the UNDP Somalia office later told a potential ...

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Kenya: Israeli minister apologises to Biden over homes plan
An Israeli cabinet minister apologised on Wednesday after Israel embarrassed visiting Vice President Joe Biden by announcing plans to build 1,600 more homes for Jewish settlers.Biden condemned the project, whose announcement clouded a mission to Israel that had been focused on reassuring Israelis that President Barack Obama was committed to ...

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Kenya: PTA Bank gets Sh3.8bn funding
PTA Bank has received a loan facility of $50 million (Sh3.8 billion) from a consortium of international financiers for on-lending to small and medium sized corporate clients.They include FMO the International Development Bank of Netherlands which is the lead arranger of the long term loan carrying $20 million of the ...

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Kenya: Sasini eyes Sh579m in profit
Agricultural firm Sasini on Wednesday said it hopes to boost its pre tax profit from Sh108 million to Sh579 million by 2012 following the initiation of diversification and value addition projects. The firm said that it had so far spent Sh386 million of the Sh600 million it raised through a ...

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South Africa: Home - Euro economies dash SA hopes
Submit your comment Eurozone economies including Greece have put a dampener on early optimism about South Africa"s recovery, as Europe remains the country"s biggest trading partner, BoE Private Clients said on Wednesday. Daryll Owen, chief investment officer for BoE Private Clients said that in the same way that ...

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Africa: Inflation targeting may have led to stronger rand: IMF
International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn says that South Africa"s inflation targeting policy may have led to a stronger rand. He warned against an attempt to devalue the currency. Strauss-Kahn says that the government has implemented the right policies to mitigate the impact of the global economic crisis. ...

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South Africa: Net scammers hit SA job hunters
Superintendent Malesela Ledwaba said people applying for positions, usually outside the country, are informed that they were successful and that they should deposit money - in one case R30,000 - to cover the cost of visas, registration and other related matters. "Currently we are investigating about three cases ...

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South Africa: Home - SA Reserve Bank"s banking report imminent
Submit your comment South Africa"s Reserve Bank will shortly release results of a study into the gap between the central bank"s main interest rate and prime lending costs, but is not formally investigating competition between commercial banks, Finance Minister Pravin Gordhan has said. The banking sector in South Africa ...

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