Kenya's National Bank sees share sale end 20103/11/2010 5:56:57 AM +00:00
NAIROBI, March 11 (Reuters) - National Bank of Kenya has pushed back the expected sale of its government-held shares again, saying it is now targeting December this year rather than June.

UPDATE 1-National Bank of Kenya's 2009 pretax climbs3/11/2010 5:42:36 AM +00:00
NAIROBI, March 11 (Reuters) - National Bank of Kenya said on Thursday its pretax profit in 2009 rose to 2.16 billion shillings ($28.1 million) and that it would issue bonus shares rather than resuming dividend payments.

UPDATE 1-Kenya's Co-op Bank doubles its 2009 dividend3/11/2010 5:22:56 AM +00:00
NAIROBI, March 11 (Reuters) - Kenya's Co-operative Bank posted a rise in pretax profit for 2009 and doubled its dividend per share to 0.2 shillings, the bank said on Thursday.

National Bank of Kenya's 2009 pretax climbs3/11/2010 5:11:39 AM +00:00
NAIROBI, March 11 (Reuters) - National Bank of Kenya said on Thursday its pretax profit in 2009 rose to 2.16 billion shillings ($28.1 million). (Reporting by Richard Lough; Editing by Duncan Miriri)

Kenya's Co-op Bank doubles dividend for 20093/11/2010 4:57:51 AM +00:00
NAIROBI, March 11 (Reuters) - Kenya's Co-operative Bank posted a rise in pretax profit for 2009 and doubled dividend per share to 0.2 shillings, the bank said on Thursday.

Public-Spirited Officials Tried to Block Scam3/10/2010 11:43:42 PM +00:00
A few officers stuck out their necks to raise the red flag over what they were convinced was an irregular land purchase.

How Money Meant for Land Was Shared Out3/10/2010 11:43:41 PM +00:00
The Sh283 million that was meant to buy land for a cemetery in Mavoko was transferred to various individuals and firms from a joint account operated by three law firms.

Fight Graft, Not Tribe3/10/2010 11:43:40 PM +00:00
The Nairobi City Council and Ministry of Local Government cemetery land purchase scandal brings to focus once again, questions about the national commitment to the fight against corruption.

Hiring Cronies to Top Public Slots Must Stop3/10/2010 11:43:39 PM +00:00
Appointment to public offices remains a thorny issue despite clear stipulations aimed at securing transparency and fair play.

House Business Leader to Be Named Soon3/10/2010 11:43:39 PM +00:00
President Kibaki and Prime Minister Raila Odinga are expected to announce their decision on the Leader of Government Business in Parliament very soon.

Slap Earns Tycoon Sh20 Million3/10/2010 11:43:38 PM +00:00
A royal slap has earned him a Sh20 million court award. But Mr Josef Brunlehner, who was assaulted by a German Prince at Lamu in 2001, would not touch the money; not even with a 20-foot pole. Why?

Hecklers Mar Boundaries Team Hearing3/10/2010 11:43:38 PM +00:00
A public hearing of the Interim Independent Boundaries Review Commission in Isiolo degenerated into a shouting match after two groups disagreed on borders.

Violence Accused to Be Taken for Mental Exam3/10/2010 11:43:37 PM +00:00
A man who admitted two charges of arson and malicious damage to property during the post-election violence two years ago has been ordered to undertake psychiatrist test before he is returned to court on March 17.

Rescue Ends in Double Tragedy3/10/2010 11:43:36 PM +00:00
A rescue operation ended tragically after police officers gunned down two innocent neighbours at a village in Gatundu District.

Kamanda Still Top in Starehe Vote Recount3/10/2010 11:43:35 PM +00:00
Former Cabinet minister Maina Kamanda on Wednesday widened the lead in the recount of votes cast in Starehe constituency in the 2007 polls.

Feted Activist Asks U.S. to Push Country3/10/2010 11:43:34 PM +00:00
A human rights campaigner honoured in Washington on Wednesday as a "woman of courage" has urged the US to intensify pressure on Kenya to speed up reforms.

Three Shot Dead in Bandit Attacks in Turkana3/10/2010 11:43:33 PM +00:00
A pupil is among three people killed by bandits in Turkana South District.

Two Children Killed in Dawn Blaze3/10/2010 11:43:32 PM +00:00
Two children were Tuesday burnt to death when a fire razed their house.

Maize Surplus Headache for Hola Farmers3/10/2010 11:43:30 PM +00:00
Maize farmers at an irrigation scheme are facing huge losses because of lack of markets for their bumper harvest.

New Policy to Boost Special Education3/10/2010 11:43:30 PM +00:00
Learners with disabilities have a reason to smile after the government launched a policy seeking to enhance their education.

Ruling on Ruto Fraud Case Set for Next Month3/10/2010 11:43:29 PM +00:00
Agriculture minister William Ruto will have to wait for a month before he can know whether the government will be allowed to pursue a Sh96 million fraud case against him.

The Cutting Edge3/10/2010 11:43:28 PM +00:00
Church leaders threatening to mobilise a vote against the draft constitution over kadhi's courts could just find themselves on their own, warns Victor Abuka.

AK Calls on Men to Reclaim Tergat's Gold3/10/2010 11:43:27 PM +00:00
Athletics Kenya has challenged the 12km senior men's team to this year's World Cross Country Championship to break the duck and win the individual race title in Bydgozcsc, Poland.

New Bill to Improve State Witness Protection, If Passed3/10/2010 11:33:53 PM +00:00
Kenyans affected by the violence that erupted after the country's disputed presidential elections in 2007 may soon be able to speak out without fear. A new bill will offer better protection to state witnesses.

Travel Ban on Ministers to Save Sh200 Million3/10/2010 11:21:04 PM +00:00
The government could save Sh200 million during a 30-day foreign travel ban imposed on Cabinet ministers.

UN Aid Officials Warn of Fears of Water-Borne Diseases in Flooded Area3/10/2010 10:14:40 PM +00:00
The recently flooded regions of Kenya could fall victim to water-borne diseases if public hygiene campaigns are not organized, the United Nations humanitarian wing warned today.

Farmers to Access Crop Insurance Via Mobile Phones3/10/2010 10:11:44 PM +00:00
An insurance product that caters for farmers' inputs like fertilizers and certified seeds is being delivered through the use of mobile phone.

Country Opposes Kenya on Ivory Sales Moratorium3/10/2010 8:10:51 PM +00:00
Botswana government it is totally against Kenya's plans of a 20-year moratorium on ivory trading.

Kenya imprisons seven Somalis for piracy3/10/2010 6:48:39 PM +00:00
MOMBASA, Kenya, March 10 (Reuters) - A Kenyan court sentenced seven Somalis to 20 years in prison for piracy on Wednesday after they tried to attack a Danish cargo vessel.

Poor Uganda network hinders fibre-optic cable3/10/2010 4:59:28 PM +00:00
KAMPALA, March 10 (Reuters) - The development of Uganda's Internet market since the arrival of Seacom's fibre-optic cable is being hampered by an insufficient and poor-quality telecoms network, an official from the telecommunications company said.

Thousands Hit by Flooding3/10/2010 3:24:24 PM +00:00
At least 10,000 people in Kenya have been displaced by flooding, mainly in the north, which has prompted fears of an outbreak of waterborne diseases. Hundreds of heads of livestock have drowned or gone missing and dozens of houses and business stalls are submerged.

Sasini Eyes Sh579 Million in Profit3/10/2010 3:15:18 PM +00:00
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.

PTA Bank Gets Sh3.8 Billion Funding3/10/2010 3:15:16 PM +00:00
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.

Sh3 Billion to Kick-Off Kenya Referendum3/10/2010 3:15:13 PM +00:00
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.

Fish Deaths Worry MPs3/10/2010 3:15:10 PM +00:00
Kenyan legislators on Wednesday contested the government's position on the widespread death of fish in Lake Naivasha saying only a full probe by one of the departmental committees will unearth the truth behind the catastrophe.

Deputy Prime Minister - I'm Innocent on Cemetery Land Scandal3/10/2010 3:15:08 PM +00:00
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.

Kenyan banks seek over-the-counter bonds trading - traders3/10/2010 2:34:05 PM +00:00
NAIROBI, March 10 (Reuters) - Kenyan banks are considering a suggestion by the country's bourse allowing them to trade bonds directly ahead of future legal amendments on the formation of an over the counter system, traders said on Wednesday.

Kenyan banks seek over-the-counter bonds trading - traders3/10/2010 2:33:52 PM +00:00
NAIROBI, March 10 (Reuters) - Kenyan banks are considering a suggestion by the country's bourse allowing them to trade bonds directly ahead of future legal amendments on the formation of an over the counter system, traders said on Wednesday.

Hungry And HIV-Positive in Nairobi's Slums3/10/2010 12:28:44 PM +00:00
Violet Tinah, 40, a resident of Korogocho slum in the Kenyan capital, Nairobi, is living with HIV and was recently diagnosed with tuberculosis, but her biggest problem today is not disease - but hunger.

African Markets - Factors to watch on March 103/10/2010 6:03:54 AM +00:00
March 10 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday.