February 2012

Why the Value of the Shilling Dropped - Njuguna Ndung'u

Submitted by AA Kenya on Tue, 28/02/2012 - 11:09
[Nairobi Star] The parliamentary committee on the Depreciation of the Shilling recently resolved that CBK Governor Prof Njuguna Ndung'u should resign for his failure to manage the depreciation of the shilling. The house team noted that the governor should own up that he was responsible for the rapid decline of the shilling. However, in this analysis, Ndung'u explains why the value of the shilling dropped and concludes that CBK's monetary policy was consistent in 2011 despite the shocks observed.
Source: 
http://allafrica.com/stories/201202280312.html

GM Cotton to Be in Farms By 2014 - Kari

Submitted by AA Kenya on Tue, 28/02/2012 - 07:12
[Nation] Farmers are likely to start cultivating genetically modified cotton by 2014, a research firm has revealed.
Source: 
http://allafrica.com/stories/201202280141.html

Impasse As Kibaki Returns County Law

Submitted by AA Kenya on Tue, 28/02/2012 - 07:03
[Nation] President Kibaki on Monday applied brakes on the race to devolution by declining to sign into law the main Bill establishing county governments.
Source: 
http://allafrica.com/stories/201202280130.html

Five Die in Clashes As Schools Shut Down

Submitted by AA Kenya on Tue, 28/02/2012 - 07:00
[Nation] The death toll in border clashes between the Luo and Kalenjin communities has risen to five as teachers kept away from schools in the affected areas.
Source: 
http://allafrica.com/stories/201202280125.html

Economist Says EAC Is Not Yet Ready for Common Currency

Submitted by AA Kenya on Tue, 28/02/2012 - 06:58
[Business Daily] The East African Community (EAC) is not ready for a common currency, a University of Oxford economist has told delegates at the ongoing monetary union summit in Arusha.
Source: 
http://allafrica.com/stories/201202280120.html

Treasury Finalises Sh50 Billion Loan Deal With Global Banks

Submitted by AA Kenya on Tue, 28/02/2012 - 06:53
[Business Daily] Arusha - The Treasury has concluded negotiations for a $600 million (Sh50 billion) syndicated loan with a consortium of international banks, Finance PS Joseph Kinyua, has said.
Source: 
http://allafrica.com/stories/201202280112.html

Act Fast to End Violence

Submitted by AA Kenya on Tue, 28/02/2012 - 06:45
[Nation] The violence that has erupted along the Nyanza and Rift Valley border over alleged cattle rustling must be stopped.
Source: 
http://allafrica.com/stories/201202280097.html

Complete Remaining Tasks of the Accord

Submitted by AA Kenya on Tue, 28/02/2012 - 06:44
[Nation] Tuesday marks the fourth anniversary of the National Accord signed by President Kibaki and Prime Minister Raila Odinga to end the violence that engulfed the country after the disputed 2007 presidential election results.
Source: 
http://allafrica.com/stories/201202280095.html

Kibaki Rejects Changes in New County Law

Submitted by AA Kenya on Tue, 28/02/2012 - 06:42
[Nation] President Kibaki has rejected amendments introduced to the County Governments Bill 2012, which he says infringes on security and provincial administration functions of the National Government.
Source: 
http://allafrica.com/stories/201202280092.html

Nation Wins Powerful Seat in WTO

Submitted by AA Kenya on Tue, 28/02/2012 - 05:33
[Business Daily] Kenya has won the top seat of a powerful World Trade Organisation (WTO) decision-making organ, improving her chances of landing favourable deals in the on going Doha trade negotiations.
Source: 
http://allafrica.com/stories/201202280022.html