Afternoon news headlines

News highlights

MPs consider moving election date from August to December

The National Assembly Committee on Justice and Legal Affairs on Wednesday began public hearings on the Constitutional Amendment Bills seeking to establish the two-thirds gender rule and move the election date from August from December. The committee has divided itself into sub-committees which will conduct simultaneous sittings in Nairobi, Kisumu and Nakuru Wednesday. Another team will camp in Machakos, Kakamega and Nyeri on Thursday.

Policeman stabbed to death by muggers in Huruma

A police officer was on Tuesday night killed after being stabbed by muggers in Huruma area, Nairobi. According to Nairobi Police Boss Joseph ole Tito, the officer was off duty when he was confronted by his killers who wanted to rob him of his money and other valuables. He said the officer resisted, prompting the stabbing.  He stated that the officer died on the spot as his attackers escaped on foot.

Fire breaks out at Mbagathi Hospital newborn unit

A fire broke out at the Mbagathi Maternity wing at the newborn unit leading to a blackout. This comes a week after the building was condemned by city engineers for its insufficient structural integrity. Nairobi Executive for Health Hitan Majevdia said all occupants were evacuated safely after the 2am incident.

Business highlights

Court stops CFC Stanbic from selling Karuturi assets
High Court Justice Francis Tuiyott (on Tuesday 22nd May 2018) allowed CFC Stanbic receivers to continue evaluating the Expression of Interests proposals from applicants but not sell the assets as earlier advertised. CFC Stanbic, through its receiver managers on May 2 advertised for sale of some of the movable assets which include 14,00 greenhouse irrigation equipment, generators, cold storage units, farm tools, motor vehicles and IT equipment.
Karuturi saw the move to advertise for the sale of the asset as prejudicial and contempt of court as it had already lodged an appeal against the decision of the High Court made on 19th January 2018.
AfDB and Korea launch the Korea-Africa Energy Investment Facility
The Government of Korea and the African Development Bank have signed a Letter of Intent to launch the Korea-Africa Energy Investment Facility (KEIF) to provide significant support to the New Deal on Energy for Africa, which aims to achieve universal access to energy.  Under this Facility, the Bank will take the lead in project development in close consultation with Regional Member Countries. Korea stands ready to provide USD$600 million over a period of five years in both concessional and non-concessional finance for a variety of energy operations that will support the provision of electricity for homes, schools, hospitals, agriculture and industries.
Regional cooperation, structural reforms key to economic transformation, says Emir of Kano
Africa’s development agenda must focus on the socio-cultural and commercial interests of Africans and the upliftment of Africa’s trade and economic ecosystem, said Muhammadu Sanusi II, the Emir of Kano and a former Governor of Nigeria’s Central Bank, during his address at the 2018 Annual Meetings of the African Development Bank Group in Busan, Korea. The monarch traced Africa’s post-colonial economic woes to the continent’s fiscal indiscipline and endemic disregard for its competitive advantages.

Sports highlights

Manchester United remains most valuable club in Europe

Manchester United has again been named most valuable European football club, being worth about €3.25 billion (Ksh384.8 billion) says business services group KPMG. The English club tops KPMG’s study of top sides’ “enterprise value”, ahead of Real Madrid and Barcelona. The study, based on the 2015-16 and 2016-17 seasons, studied profitability, broadcasting rights, popularity, sporting potential and stadium value.

Pep Guardiola welcomes Unai Emery to England

Manchester City Manager Pep Guardiola says the Premier League has another “top manager” as Unai Emery takes charge at Arsenal. Former Paris-Saint Germain boss Emery – who led the French side to a domestic treble last season – was appointed as Arsene Wenger’s successor on Wednesday. Emery inadvertently seemed to confirm the news on Tuesday night when a subsequently-deleted image appeared on his official website alongside the quote ‘proud to be part of the Arsenal family’.

Everton Forward Wayne Rooney to meet MLS side DC United this week

Everton forward Wayne Rooney is to travel to Washington this week to meet Major League Soccer side DC United. The 32-year-old has already agreed a deal in principle with the club, although he still has a year left on his contract at Goodison Park. The trip to the capital of the United States is understood to be a fact-finding mission.

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