October 2011

Risks Abound If an Investor Opts to Buy Stocks By Proxies

Submitted by AA Kenya on Mon, 03/10/2011 - 10:07
I have noticed that the rich use nominee accounts to own shares of other organisations. Almost all Nairobi Stock Exchange listed companies have proxy shareholders operating as nominee shareholders and I would be interested to get the reasons, pros and cons of operating as such.
Source: 
http://allafrica.com/stories/201110030271.html

Ousted Chairman Raises His Stake in CMC Motors

Submitted by AA Kenya on Mon, 03/10/2011 - 10:06
CMC Motors' warring directors are set to meet the Capital Markets Authority (CMA) this week amid hardening of positions that has seen the toppled chairman boost his shareholding as the motor dealer moves to terminate his supply contract. (READ: Regulator summons CMC)
Source: 
http://allafrica.com/stories/201110030270.html

Team Work Among Staff Key to Dispense Justice

Submitted by AA Kenya on Mon, 03/10/2011 - 10:01
A High Court judge yesterday said justice can only be dispensed when judicial officials cooperate. Speaking at a farewell party of Justice Milton Asike Makhandia, Kisii High Court station head Justice Ruth Sitati said when there is cooperation among judicial officials and paralegals, backlog cases could quickly be dispensed with.
Source: 
http://allafrica.com/stories/201110030253.html

Tension High Over Leaflets Circulating in Mombasa

Submitted by AA Kenya on Mon, 03/10/2011 - 09:59
TENSION is high at Mshomoroni area in Mombasa after leaflets threatening to eject non-natives were circulated. The circulation of the leaflets comes a few days after 13 Mombasa Republican Council members were arrested. The
Source: 
http://allafrica.com/stories/201110030252.html

Your Days Are Numbered, Illegal Brewers Warned

Submitted by AA Kenya on Mon, 03/10/2011 - 09:58
Internal Security minister George Saitoti said the government has stepped up the fight against illicit brews. He said the fight against the brews is on top of the list of this year's Rapid Response Initiative. Saitoti said government officers found sabotaging the fight against the brews will be dealt with decisively.
Source: 
http://allafrica.com/stories/201110030251.html

A Class Act But ...

Submitted by AA Kenya on Mon, 03/10/2011 - 09:58
Uhuru Muigai Kenyatta's confirmation-of-charges appearance at The Hague was always going to be something of a class act, and was easily the most anxiously awaited, by both friend and foe, of the so-called Ocampo Six's exculpatory presentations before the judges of the ICC's Pretrial Chamber.
Source: 
http://allafrica.com/stories/201110030249.html

Have Wheels of Justice Begun to Turn?

Submitted by AA Kenya on Mon, 03/10/2011 - 09:57
As Chief Justice Willy Mutunga celebrated his first one hundred days in office, he found time to launch a report evaluating the performance of the country in the Justice and Rule of Law Sector. The report, authored by Professors Patricia Kameri-Mbote and Akech Migai, was supported jointly by the Open Society Initiative for Eastern Africa and the Africa Governance Monitoring and Advocacy Project.
Source: 
http://allafrica.com/stories/201110030247.html

Reincarnation and the Strange-Looking Woman At Emali

Submitted by AA Kenya on Mon, 03/10/2011 - 09:56
Many things have been told about the Chinese influence in the Kenya's transport system and I hope most are positive comments. Recently, I was driving from Amboseli National Park through the new Emali-Loitokitok route and I couldn't help loving them for their good work.
Source: 
http://allafrica.com/stories/201110030246.html

U.S. Soap Drive Needs to Clean Up Its Act

Submitted by AA Kenya on Mon, 03/10/2011 - 09:56
Occasionally, when in a jolly mood and confronted with Germans, the PM sings 'Es gibt kein Beer in Hawaii' ('there is no beer in Hawaii'). This inevitably makes me cringe - this song was awful even back in the 1970s. However, since yesterday, I've had a variation of this, 'There's no soap in Africa', noodling around in the back of my head. Here's why:
Source: 
http://allafrica.com/stories/201110030245.html

Trader Charged With Murder of City Lawyer

Submitted by AA Kenya on Mon, 03/10/2011 - 09:50
A businessman was yesterday charged with the murder of a city lawyer Anthony Nahashon Ngunjiri. Joseph Macharia Muchiri, however, was not required to plead to the charge because police have not completed investigations. A state counsel informed Lady Justice Philomena Mwilu that Muchiri had been examined but investigators had not completed interrogations.
Source: 
http://allafrica.com/stories/201110030220.html