By GEOFFREY IRUNGUMore by this AuthorKenyan commercial banks should seek consolidation opportunities to strengthen and take advantage of business opportunities across the African continent, Treasury secretary Henry Rotich said last Friday. Speaking during the signing of a Sh13 billion financing commitment with the German government, Mr Rotich welcomed the announcement of a merger between NIC Bank and Commercial Bank of Africa (CBA), saying it represented the direction that local banks should take. This should help our banks to be able to take advantage of opportunities elsewhere in Africa,” said Mr Rotich. Ecobank and UBA banks that currently operate in Kenya have their origin in West Africa. NIC and CBA announced the merger on Thursday, which, if successful, will create the third largest lender by assets in Kenya after KCB Group and Equity Bank.
December 09, 2018 19:41 UTC
By GERALD ANDAEMore by this AuthorThe value of marketed coffee between October and November hit Sh1.6 billion helped by quality beans from western Kenya. Nairobi Coffee Exchange (NCE) indicates the value rose from Sh1.57 billion between October and November last year to Sh1.61 in the review period. The report shows volumes at the exchange moved up 22.62 per cent from 63,891 kilos sold in 2017 to 78,342 this year. The high volumes and low international price affected the cost at the auction which dropped by about 15.78 per cent from Sh20,200 to Sh16,200 per 50 kilo bag. The cost of the produce dropped by about 30cts/lb from an average of 140cts/lb in 2017 to about 110cts/lb in the review period.
December 09, 2018 19:41 UTC
Last week, Shabana started their journey to gain promotion to the SportPesa Premier League with a narrow 1-0 victory over St Josephs of Nakuru. Speaking after the match, Shabana coach Gilbert Selebwa attributed their victory to good relation with the club’s management and support from the local community. Shabana patron Jared Nivaton confirmed that Selebwa had been hired as head coach. “We have hired Gilbert Selebwa to add experience to the club as we aim promotion to the Kenya premier league next season” he said. Andrew Kanuli, who has been in charge as head coach since 2014, will deputise Selebwa.
December 09, 2018 18:45 UTC
KTN News Dec 09,2018View More on CheckpointQatar Airways Airbus A320 landed at the Moi international airport Mombasa (MIAM) early today heralding the start of direct flight between the port city of Mombasa and the oil rich gulf state of Qatar. The aircraft landed to full water canon salute and carried 150 passengers. Mombasa deputy overnor, William Kingi described the inaugural flight as an early christmas for Mombasa and the entire coast region.
December 09, 2018 18:33 UTC
KTN News Dec 09,2018View More on CheckpointMembers of the national assembly will February next year seek to enhance their salaries and allowances based on the ruling of a pending high court case where the Parliamentary Service Commission is seeking to reverse a gazette notice by the salaries and remuneration commission that slashed MPs’ perks. On house of cards tonight, KTN senior political affairs reporter Patrick Amimo interrogates lawmakers’ eagerness to amend the parliamentary service bill, 2018 to provide for the establishment of a tribunal to be making recommendations on members’ welfare as opposed to the salaries and remuneration commission.
December 09, 2018 18:29 UTC
KTN News Dec 09,2018View More on CheckpointFive Kenya Pipeline Company and seven National Hospital Insurance Fund senior officials are set to be arraigned in court tomorrow. The 12 were arrested on Friday over multibillion shilling scandals at the two State Corporations. KPC managing director Joe Sang, KPC Company Secretary Gloria Khafafa, Former NHIF CEO Simeon Kirgotty and NHIF Company Secretary Ruth Makalla are among those who will be taken to court.
December 09, 2018 18:19 UTC
Ms Emily Milgo, who resides near the church, said she heard commotion around Saturday midnight and was shocked to find the perpetrators in action. By ANITA CHEPKOECHMore by this AuthorPolice are investigating a bizarre incident in which unknown people broke into a church compound and hacked livestock to death on Saturday night in Kericho County. Church faithful who arrived at Kapoloin Catholic Church in Ainamoi Constituency for mass were greeted by shocking scenes of carcasses of their four cows, two sheep and two goats strewn all over the compound. Ms Emily Milgo, who resides near the church, said she heard commotion around Saturday midnight and was shocked to find the perpetrators in action. We call on security agencies to assist the church to investigate, arrest and prosecute the culprits,” he said.
December 09, 2018 18:11 UTC
By BERNARD ROTICHMore by this AuthorBeijing Marathon champion Valary Jemeli Aiyabei and Copenhagen Half Marathon champion Daniel Kipchumba are the winners of the inaugural Rimoi-Kamnarok Conservation Half Marathon in Elgeyo Marakwet competed under sweltering heat. Aiyabei clocked 71:20 to clinch the women's race edging Paris Half Marathon champion Antonina Kwambai to second place in 71:23 while Naomi Chepngetich was third in 72:50. Kipchumba won the men's title in 62:70.0 ahead of Noah Kipkemboi who clocked 63:15.2 for second place while Mathew Kemboi was third place in 63:31.3. The Iten-based athlete added that she will be eyeing one of the international marathon races after a brilliant performance in the Beijing Marathon in September. Daniel Kipchumba cuts the tape to win the inaugural Rimoi-Kamnarok Half Marathon men’s race in Elgeyo-Marakwet County on December 09, 2018.
December 09, 2018 17:37 UTC
Education Cabinet Secretary Amina Mohamed, in a report on loan disbursement, also hit out at universities saying some delay in submitting information on the opening dates. By OUMA WANZALAMore by this AuthorEducation Cabinet Secretary Amina Mohamed has blamed the National Treasury for delays in disbursement of loans to university and college students. Ms Mohamed said Treasury's delay usually forces the Higher Education Loans Board (Helb) to relook its budget, including mitigating the problem with prudent cash flow management. Despite receiving applications from students joining higher learning institutions as early as August, many students usually get the loans mid-October or even much later. LOAN REPORTMs Mohamed, in a report on loan disbursement, also hit out at universities saying some delay in submitting information on the opening dates.
December 09, 2018 17:26 UTC
For instance Manogo Keith Mbwaya has been selected to join Machakos Secondary School for the Deaf yet she suffers no hearing impairment. Another male school in Nairobi who asked not to be named was placed in an all girl’s school. The selection panel blamed the students for the selection of schools, saying students were placed in schools that they had picked. For instance, the boy who was selected to join a girl’s school had chosen all girl schools. Another officials involved in the selection said there is need for sensitisation of academic masters in order to guide pupils accordingly.
December 09, 2018 17:03 UTC
Clean 1-2-3-4-5-6-7-8-9-10-11-12-13-14-15-16-17 sweep for Kenya at Singapore Marathon77 Sunday, December 9th 2018 at 21:47 GMT +3 | Sunday, December 9th 2018 at 21:47 GMT +3 | Athletics By Odero Charles:The Kenya men’s winners (from left: third-placed Andrew Kimtai, runner-up Felix Kirwa and champion Joshua Kipkorir) celebrate their feat at the Standard Chartered Singapore Marathon. PHOTO/AFPKenyans on Sunday monopolised both men’s and women’s podium positions at the Standard Chartered Singapore Marathon where more than 50,000 participants took part. Kenyans not only swept the podium elite race categories at the Marathon but did an unprecedented 1-2-3-4-5-6-7-8-9-10-11-12-13-14-15-16-17 clean sweep in the men’s race. Priscah Cherono wins the women’s category with a time of 2:32:12. Kipkorir and Cherono will pocket US$50,000 (Sh5.1million) each.
December 09, 2018 16:59 UTC
The mobile money service provider said that the Saturday outage was caused by a slow database response. The mobile money service provider said the outage was caused by a slow database response, which in result led to a reduction in the number of transactions. That consequently led to the queuing of incoming transactions and a delay in responses to customers, the firm said. “We sincerely apologise to our customers and partners for the inconveniences it has caused. The Saturday outage began at 7:04pm and the services were restored at 10:53pm.
December 09, 2018 16:18 UTC
By TITUS MAEROMore by this AuthorVihiga United made a dream start to the 2018/19 season upsetting favourites Ulinzi Stars 2-0 in a closely contested SportPesa Premier League match at Bukhungu Stadium in Kakamega on Sunday. Midfielders Victor Ademba and Stephen Wakanya scored a goal apiece in the first half to sink the 2010 champions. Vihiga coach Mike Mururi attributed their victory to chemistry in his new-look side. Ulinzi's Dunstan Nyaudo rued the absence of seven key players who are away on military training. A counter attack from Ulinzi attackers Muloma and Okare was well contained by Vihiga centre back Bernard Ochieng who was instrumental at the back.
December 09, 2018 15:56 UTC
Further, Fury (27-0-1, 19 KOs) says it’s going to take a “million judges” for Wilder to beat him in the rematch. In that case, Fury would need to decide whether it’s still worth it to fight Wilder a second time. The boxing fans in the UK are showing lukewarm interest in seeing Joshua fight Hearn’s stable fighter Dillian Whyte again. The question boils down to whether Hearn wants to give Wilder the money he’s asking for to fight Joshua. Hearn wants Joshua to get the lion’s share of the money, and that’s not what Wilder is about to agree to.
December 09, 2018 15:45 UTC
[File, Standard]The National Assembly's Public Accounts Committee (PAC) has accused the Senate of hijacking duties meant for the National Assembly. The committee claimed that the senate order to Auditor General Edward Ouko to undertake a special audit on the Ministry of Health with regards to health equipment was unconstitutional and unacceptable. When it comes to matters of oversight in the national government, it is purely the mandate of the national assembly,” he said. Mr Wandayi said that the Senate did not bother to consult the PAC of National Assembly if they had seized the matter or at what level they had reached with it. He warned the Senate to desist from encroaching in the territory of the National assembly and specifically on the territory of PAC.
December 09, 2018 15:00 UTC