Business highlights July 13 2017

Business highlights July 13 2017

Kenya drought victims get Ksh100 million AFDB grant

The African Development Bank (AfDB) has approved Ksh100 million to be given as compensation for victims of the recent protracted drought and famine in Kenya.

The drought, which started with extreme dry spells in August 2016, has so far affected almost half of the nation with 2.7 million people bearing its brunt.

The government declared the drought a national disaster on February 10, 2017.

The emergency relief grant by AfDB will support the government’s and UN’s effort to urgent food aid distribution and deliveries of safe water supplies.

BAT threatens governments, fights life-saving policies

Global tobacco firm, British American Tobacco (BAT), has been put on the spot once again for threatening governments in eight African countries including Kenya.

The giant cigarette manufacturer has been demanding the scrapping off or dilution of protection policies that the governments have implemented to save millions of lives.

BAT has moved to court in an attempt to bar the Kenyan and Ugandan governments from enacting regulations that will limit the harm caused by smoking.

KCAA on the spot over official’s Ksh19 million upkeep allowance

The Kenya Civil Aviation Authority (KCAA) has come under scrutiny after it was revealed that the regulator had paid one of its senior officials Ksh19.4 million as subsistence allowance.

In a recent report, Auditor- General Edward Ouko notes that the official, seconded for foreign affairs duty, received the payments over a period of nine months while serving at the International Civil Aviation Organisation (ICAO).

The information has raised serious queries on KCAA’s expenses.

Foreign Service Regulations state that an official is eligible for allowance up to a period of 30 days. Should one decide to exceed the stipulated 30 days, permission should be sought from the principal secretary of the relevant ministry.

 

Previous Newspaper summaries-July 13 2017
Next Sports headlines-July 13 2017 Kenya wins first medal at IAAF U18 championship

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