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Daily Nation

Tough IEBC rules to target big spenders: Kenya’s plans of joining the oil exporting league moved one step forward on Thursday when the Cabinet approved a commercialisation plan by the Ministry of Energy. The country now hopes to start exporting 4,000 barrels of crude oil daily by June next year, but the initial plan is 2,000 barrels. The crude will be transported by road from the Lokichar basin oil fields to Eldoret, from where it will be loaded onto a train or trucked to Mombasa. The daily yield translates to between Sh8.3 million ($82,000) and Sh16.6 million ($164 million) daily, given that a barrel of crude oil is currently fetching Sh4,160 ($41).

Kenya ready to export oil by June 2017: Political parties will be limited to spending a maximum of Sh15 billion for nationwide campaigns during next year’s General Election. According to new rules gazetted by the Independent Electoral and Boundaries Commission (IEBC) on Monday, an individual, group or entity will only be allowed to contribute a maximum of Sh3 billion to a political party for campaigns. The rules, which give effect to the Campaign Financing Act, will be in force between February and August next year. This will coincide with the campaign period. According to the IEBC, the rules will ensure that no political party or candidate enjoys undue advantage over rivals on the basis of their financial muscle.

Pedestrians and PSVs top road toll, says safety authority boss: Pedestrians and public service vehicles were major causes of increased fatal road accidents in the first half of 2016, a road safety report has shown. National Transport and Safety Authority Director-General Francis Meja said yesterday that speeding, fatigue, drink-driving, as well as careless driving and crossing the road along major highways, led to a 5.8 per cent increase in tragic road accidents compared to the same period last year. Since January, 1,574 people were killed on the roads compared to 1,488 who died over the same period last year with PSVs contributing 47.7 per cent and pedestrians 40 per cent.

The Standard

Why money law is stuck: A proposed law to regulate bank interest rates has not been presented to the President. This emerged yesterday even as borrowers anxiously wait to see if the burden of high cost of loans will be lifted off their backs. The Standard has established that Parliament was yet to submit to President Uhuru Kenyatta the Banking (Amendment) Bill 2015, which was unanimously passed by MPs on July 29. Yesterday, lawmakers stepped up lobbying for the President to approve the proposed law, a day after the professional body for accountants supported the proposed cap and contradicted arguments against the controls by commercial banks.
Kenya’s Olympics start as Vivian leads two others in gold chase: At exactly 5:10pm today, Kenya’s three women line-up at Maracana in Rio de Janeiro, Brazil, hoping to kill two birds with one stone. They will be keen to strike Kenya’s maiden Olympic women 10,000m gold medal and fulfill their lifetime dreams in athletics. And among the fans who will be watching them carry the hopes of a nation will be Deputy President William Ruto, who was expected to land in Brazil yesterday. World 10,000m champion Vivian Cheruiyot, US-based Betsy Saina and Alice Aprot, the Africa 10,000m champion, share a cocktail of similarities; the trio overcame hardships as they honed their athletics talent at an early age and, interestingly, all are lovers of traditional vegetables and ugali.
Polls agency puts brakes on campaign billions: Political Parties are allowed to spend up to Sh15 billion in campaigns for next year’s elections, in a new bid to control high spenders who deploy wealth to tilt the playing field. In limits on election campaign financing published yesterday by the Independent Electoral and Boundaries Commission (IEBC), candidates for President should not spend more than Sh5.2 billion. To check party financiers onthe back of claims that shrewd businessmen and other profiteers hedge their bets on parties waiting to reap should their preferred parties seize power, contribution by a single source to a party is capped at Sh3 billion. The highest spending cap for a governor’s seat is Sh432 million in Nairobi, with the lowest being Sh13 million for Lamu.
The Star

I won’t work with Uhuru – Mudavadi: ANC leader Musalia Mudavadi has emphatically ruled out working with or joining President Uhuru Kenyatta and his DP William Ruto in the mega merged Jubilee Party. However, the former Deputy Prime Minister (2008-2012) revealed to the Star he is working with opposition leader Raila Odinga at a policy level. He stopped short of saying there is a political pact. “There are no permanent enemies in politics,” he said, referring to past friction with the ODM leader. Several weeks ago Raila asked him to join Cord as a partner. Last October Raila asked him to rejoin ODM, but Mudavadi declined. The landscape is shifting.

Why leaders will give up power in 2017: The Garre Council of Elders in Mandera County has opted for “negotiated democracy” to avoid disputes among clans and sub-clans and promote equity. A five-day meeting attended by elders at Banisa resulted in a decision requiring all serving leaders to quit before polls in 2017. Instead, they will front new contenders using an agreed-upon formula for political seats. Under this scheme, all clans and sub-clans that did not benefit in 2013 will have a chance to lead. The community is the largest voting bloc in Mandera and the decision by its elders is considered final. Senator Billow Kerrow yesterday said at Parliament Building he will not run for an elective post in 2017.

Karua, Kenneth urged to join Jubilee Party: Mt Kenya Inter-party grassroots leaders have urged two leaders to dissolve their “small parties” and join Jubilee. The leaders said Narc Kenya leader Martha Karua and Peter Kenneth (Kenya National Congress) to immediately disband their parties and join the Jubilee Party, which is set to be launched next month. The grassroots leaders led by Murang’a co-convener James Mwangi said smaller outfits should join the 12 Jubilee-affiliate parties, which were announced by President Uhuru Kenyatta and Deputy President William Ruto on Tuesday. He said Karua and Kenneth should not fear, since this will not kill multiparty democracy. Mwangi spoke during a press conference at a Nyeri hotel on Wednesday.

Business Daily

MPs vow to quash Uhuru veto on interest rates Bill: MPs yesterday rejected bank executives’ counterproposals to borrowers meant to stop a law capping interest rates and vowed to marshal the required two thirds majority needed to quash a presidential veto. Led by Jude Njomo, the sponsor of the Bill that seeks to cap interest on loans at not more than four per cent of the Central Bank of Kenya base rate, the MPs dismissed banking industry proposals to lower the current lending rates by 100 basis points as “a mere public relations gimmick”.  Njomo, the Kiambu Town MP, rallied five colleagues to dismiss the proposals by Kenya Bankers Association to among others set aside Sh30 billion for lending to small and microenterprises.

IEBC paid Sh50m to firm that did not exist during 2013 polls: A company registered one and a half years after the March 2013 General Election was irregularly paid Sh50 million for provision of transport services during the polls, Auditor-General Edward Ouko has said in his latest report on the electoral commission. The audit report, which was submitted to Parliament last week, found that the Independent Electoral and Boundaries Commission (IEBC) made the payment in November 2014 to an unnamed firm that had been registered on September 12, 2014. The payment was ostensibly to a related company that the IEBC had contracted earlier for the transport services.

Top brands miss from new list of five-star hotels: Top hotels in Mombasa, Kisumu and Nakuru are missing from a new list of five-star facilities being compiled by the tourism regulator. The classification by the Tourism Regulatory Authority (TRA), concluded so far in 41 counties, ranks only seven establishments — two hotels, two lodges, two camps and an apartment — as five-star hotels. This means there is no five-star establishment in Mombasa, Kenya’s tourism hub, as popular brands such as Serena Beach Resort, Sarova Whitesands Beach Resort, Voyager Hotel and EnglishPoint Marina have been ranked as four-stars. Accommodation facilities in Nairobi, Kiambu, Machakos, Kitui, Makueni and Kajiado are yet to be classified.


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