CNOOC secures Kenya oil deal

Katie Nguyen

Saturday, April 29, 2006

Kenya has signed an agreement allowing China's largest offshore oil producer to prospect in the east African country.

The deal was one of a clutch of bilateral agreements signed at the end of President Hu Jintao's five-nation tour, which has cemented Beijing's economic and political clout, especially in Africa where it seeks raw materials to feed its roaring economy.

Neither Kenyan nor Chinese officials would immediately give details of the oil pact Friday, which came two days after Beijing struck a US$4 billion (HK$31.2 billion) deal for drilling licenses in Nigeria.

http://www.thestandard.com.hk/news_detail.asp?we_cat=2&art_id=17620&sid=7729889&con_type=1&d_str=20060429

Kenyans shine at London marathon

Kenyans shine at London marathon

By Chris Mbaisi and Agencies

Hardly a week after winning the Boston Marathon, Kenyans once again took the glory in long distance running by winning the London Marathon on Sunday.
Kenyans ran away with the first two slots in London courtesy of Felix Limo and Martin Lel.
Limo out-sprinted Lel in the last 200 metres to win the men’s race. The two runners, who pulled away from their main rivals in the last three miles, were locked together until Limo upped the pace in the home stretch.

http://www.eastandard.net/hm_news/news.php?articleid=1143951483


MPs outrage at Citizen radio program

Parliament Speaker Francis Ole Kaparo has banned Royal Media Services from covering proceedings of the House indefinetely. This follows a program aired on Citizen radio on Friday and yesterday which was allegedly critical of MPs, terming them "agents of Satan." Members from both the opposition and the government were angered as Information Minister Mutahi Kagwe read to a stunned House transcripts of the program which tore into MPs and prayed to God to strike them all with lightning.

http://www.capitalfm.co.ke/news/newsarticle.asp?newsid=414&newscategoryid=1


Kenya getting more foreign investment

By Eric Ombok Kenya is now receiving increased Foreign Direct Investment following the creation of an acceptable policy regime by the government. According to the Permanent Secretary in the Ministry of Trade and Industry, David Nalo the new policy has seen investors flocking into Kenyan capital markets.

http://www.capitalfm.co.ke/news/newsarticle.asp?newsid=403&newscategoryid=2


KDN rolls out wireless Internet connection

By Allan Kisia

Kenya Data Networks (KDN) has launched a broadband wireless connectivity to the Internet.
The product, named Butterfly, enables electronic gadgets including palmtops, notebook laptops and desktop computers with wireless capability to connect to the Internet.

http://www.eastandard.net/hm_news/news.php?articleid=1143951601

News Roundup

Govt targets 7% GDP growth

By Judy Akolo

( Wednesday, April 26, 2006) The government is targeting a 7 per cent Gross Domestic Product-GDP growth by next year. Last year the GDP growth stood at 4.3 per cent GDP growth and economists have predicted a 5.5 per cent growth this year. Planning and National Development PS Dr Edward Sambili said the 7 per cent GDP growth is achievable if challenges identified in the Investment Program for Economic Recovery Strategy report are overcome.

http://www.kbc.co.ke/story.asp?ID=36339


Panic as Interpol seizes stolen vehicles

By Cyrus Ombati And Joseph Murimi

A minister and two Members of Parliament are among people whose vehicles have been impounded because Interpol lists their shiny road machines as stolen abroad, even though they have genuine Kenyan import and registration papers.

http://www.eastandard.net/hm_news/news.php?articleid=1143951595


Chinese leader jets in tomorrow

By Martin Mutua

China’s President, Hu Jintao arrives in the country tomorrow for a three-day state visit.
Chinese ambassador to Kenya Guo Chongli said Jintao would during his visit hold talks with President Kibaki on a wide range of issues.
Addressing journalists at the embassy yesterday, Chongli noted that the visit would map out the future of China/Kenya relations.

http://www.eastandard.net/hm_news/news.php?articleid=1143951594