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Kaparo: Cohesion team investigating Raila and governor: Cord leader Raila Odinga is among prominent politicians being investigated for incitement, the National Cohesion and Integration Commission Chairman, Mr Francis Kaparo, said yesterday. Mr Kaparo said the commission will not be intimidated by politicians, regardless of rank and warned that stern action will be taken against them irrespective of their status if they incite Kenyans. Mr Kaparo was responding to a question after presenting certificates to 35 peace committee members from Marsabit County. The ceremony took place at the Sportsman Arms Hotel in Nanyuki. Also facing investigation is Uasin Gishu Governor Jackson Mandago, who had earlier accused the commission of selective investigations after it summoned him over his opposition to the appointment of Prof Laban Ayiro to take over as acting Moi University Vice Chancellor.

Russian pyramid scheme takes root in Kenya towns: A pyramid scheme run by a convicted Russian fraudster has set base in Kenya and has for the past one year or so been luring thousands of people with the promise of becoming rich quickly. MMM Global promises those interested in the scheme up to 100 per cent returns. It is the brainchild of Sergey Mavrodi, 61, a well-known Russian swindler and con artist — the man who created the biggest finance pyramid in Russia before it collapsed in 1997. The local chapter goes by the name MMM Kenya and the recruiters — who refer to themselves as guiders — have been holding meetings in Nairobi and other major towns, seeking to entice unsuspecting Kenyans into the network.

Three more killed in Kerio Valley attacks: Three more people were yesterday killed and two others injured in Kerio Valley, with hundreds of animals driven away by suspected Pokot raiders. The raiders, who carried out twin attacks in the mid-morning and another one in the afternoon, engaged the victims in fierce exchange of fire which left three people dead. The fierce battle was seen in Murkutwa, Kabetwo, Chesongo and Borowo both in Endo and lower Sambirir locations in Marakwet East yesterday. The first casualty was identified by police as Jirus Jonathan Naibei. The 18-year- old man was shot dead in Murkutwa location according to Marakwet East sub-county deputy County Commissioner Mr Erick Mlevu.

The Standard

Activist’s lawyer demands Ruto’s tax, shares and wealth records: Human rights activist Boniface Mwangi has demanded that Deputy President William Ruto’s wealth be disclosed. In two separate demands written by his lawyer Gitobu Imanyara to the Kenya Revenue Authority and the Independent Electoral and Boundaries Commission yesterday, Mr Mwangi wants Mr Ruto’s wealth declaration forms from 2013 when he was elected as the second in command to date to be disclosed. The activist wants KRA to disclose all the companies where the DP has been listed as a shareholder or director and also men and women who have been registered as co-owners of those companies.

Raila’s team ditches audit, want new voter register: The rival coalitions clashed yesterday after Opposition leader Raila Odinga’s allies made fresh demands on electoral reforms. Twin demands by CORD MPs for a fresh voter registration and halting of procurement processes until new electoral commissioners assume office ignited a fresh battle with Jubilee leaders. ODM chairman John Mbadi declared the party was no longer interested in an audit of a register of voters and instead wants fresh voter registration. National Assembly Majority Leader Aden Duale accused the Opposition of reopening issues settled by a bi-partisan parliamentary committee.

Why single men could get babies through surrogacy: Single men have a chance to raise children from surrogate mothers if a new proposal by the World Health Organization (WHO) is ratified. The proposed amendments to the current definition of infertility to include ‘singles’ seek to give every person who desires a family the right to have a child regardless of whether they have health challenges that cause infertility or just do not have or want a partner to sire a child with. As reported by The Daily Telegraph, this means a single man or woman, a gay couple, heterosexual men and women will all be able to seek the services of a surrogate mother or in-vitro fertilisation (IVF) if the proposal becomes law.

The Star

Kenneth complicates Ruto plans: Peter Kenneth’s suspected 2022 Presidential bid has stoked anxiety in Deputy President William Ruto’s political base, following the KNC leader’s surprise endorsement of President Uhuru Kenyatta’s reelection. While Jubilee Party honchos have publicly welcomed the high profile support, they have cautioned that JP has “an existing 20-year intact power plan” between Uhuru and Ruto. On Sunday, 51-year-old Kenneth, previously seen to be championing an anti-tribal philosophy, announced he will rally behind Uhuru’s second term bid, and himself run for governor. He did not specify which county he will contest in, and played it safe by saying he has been approached by “two or three counties”. His move will also complicate Jubilee’s arithmetic in Nairobi, as could become the sixth JP candidate hankering to unseat the incumbent Evans Kidero.

Uhuru commutes Death Row sentences to life prison terms: President Uhuru Kenyatta yesterday signed commutation documents turning all death sentences into life jail terms. Invoking the Power of Mercy provided by Article 133 of the Constitution, he also signed a pardon warrant and released 102 long-term convicts. The reprieve for the 102 convicts came after a thorough vetting by the Power of Mercy Advisory Committee. Following the signing at State House, Nairobi, some 2,747 Death Row convicts will now serve life imprisonment — 2,655 males and 92 females. The last commutation of death sentences to life imprisonment was done in 2009 by President Mwai Kibaki.

Raila dares government to arrest and charge Auditor General: Cord leader Raila Odinga has dared the Jubilee government to arrest Auditor General Edward Ouko for allegedly failing to account for Sh100 million his office used to buy office equipment. Raila accused President Uhuru Kenyatta of trying to fan a case against Ouko, and said he will not succeed. He said the opposition will call countrywide demonstrations “like what happened in Brazil” if Ouko is prosecuted. Raila spoke at Nyacheki market yesterday, when he drummed up support for ODM candidate Naftal Onkoba in the Nyacheki MCA by-election. Former MCA Peter Ongeri died in July, creating the vacancy. On the government’s plan to bar Ouko from travelling to the US to investigate how Sh215 billion of the Eurobond cash was spent, Raila said Ouko is an independent official.

Business Daily

SMEs shun banks, turn to family for start-up cash: Majority of small businesses in Kenya consider commercial banks as inappropriate sources of finance, choosing instead to use family resources as start-up or growth capital, a newly released report says. The Kenya National Bureau of Statistics (KNBS) says in a newly-released report that 80.6 per cent of establishments use family or own funds as the main source of start-up capital while another 4.2 per cent of business owners get loans from family or friends to start their businesses. The survey, which polled 50,000 Micro, Small and Medium Enterprises (MSMEs), found that banks finance only 5.6 per cent of MSMEs, while investment groups or chamas account for 1.4 per cent of the small business financing.

Fund managers say rate cap to hit monetary policy: A majority of fund managers and fixed-income analysts polled by a research firm say the capping of bank rates will water down the effectiveness of monetary policy in controlling credit supply and inflation. The financial players polled by Nairobi-based financial research firm HTM Capital also faulted the use of the Central Bank Rate as the benchmark for pricing bank loans. The Banking (Amendment) Act 2016 capped the interest rate on loans at no more than four per cent above the base rate set by Central Bank of Kenya (CBK), which has officially been interpreted to be the Central Bank Rate (CBR) even though there exists a Kenya Banks Reference Rate (KBRR).

High Court cases to end in less than a year under new rules: The High Court will now be expected to clear all cases within one year of filing under new rules meant to help prevent backlog and save litigants legal fees. The rules gazetted last week direct the High Court’s Principal Judge to take steps to ensure that cases are concluded in 12 months. Currently cases can drag on for years due to multiple adjournments putting a heavy cost on litigants in lawyer fees and lost opportunities for assets and businesses that are tied up in the suits. Cases involving businesses have a cost element and can result in huge losses if delayed for too long.

 

 

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