KMC factory back in business
By Tom Mogusu and Benson Kathuri
After 15 years, Kenya Meat Commission (KMC) finally bounced back to life yesterday, bringing a ray of hope to the ailing livestock sub-sector.
The company’s revival has been viewed as a fulfillment of a promise by the Government to uplift the standards of living in the arid and semi-arid areas, where livestock farming is the main source of income.
The meat processing factory was opened by the Minister for Livestock Development, Joseph Munyao, closing a long chapter on one of the worst cases of mismanagement of state corporations.
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NSE electronic trading date set
By Benson Kathuri
Electronic trading at the Nairobi Stock Exchange (NSE) will commence in September, NSE chairman Jimnah Mbaru said yesterday.
"The automated trading system is designed to electronically match buy and sell orders in a transparent process," Mbaru said during a workshop organised to review progress of the Sh100m project in Nairobi.
Currently, stockbrokers must present themselves on the trading floor where they shout their orders.
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State injects Sh675m in Uchumi rescue plan
By Tom Mogusu
The Government will inject Sh675m into the insolvent Uchumi Supermarkets, Trade and Industry minister Mukhisa Kituyi has said.
Kituyi said President Kibaki had sanctioned release of the funds "because Uchumi is not any other company but a national brand which has strategic importance to Kenya."
A further Sh300m would be pumped in by large shareholders in an effort to rescue the company. The minister said the Government’s rescue plan would come in the form of a loan "which will be repaid when the company starts making profits."
Read More
After 15 years, Kenya Meat Commission (KMC) finally bounced back to life yesterday, bringing a ray of hope to the ailing livestock sub-sector.
The company’s revival has been viewed as a fulfillment of a promise by the Government to uplift the standards of living in the arid and semi-arid areas, where livestock farming is the main source of income.
The meat processing factory was opened by the Minister for Livestock Development, Joseph Munyao, closing a long chapter on one of the worst cases of mismanagement of state corporations.
Read More
NSE electronic trading date set
By Benson Kathuri
Electronic trading at the Nairobi Stock Exchange (NSE) will commence in September, NSE chairman Jimnah Mbaru said yesterday.
"The automated trading system is designed to electronically match buy and sell orders in a transparent process," Mbaru said during a workshop organised to review progress of the Sh100m project in Nairobi.
Currently, stockbrokers must present themselves on the trading floor where they shout their orders.
Read More
State injects Sh675m in Uchumi rescue plan
By Tom Mogusu
The Government will inject Sh675m into the insolvent Uchumi Supermarkets, Trade and Industry minister Mukhisa Kituyi has said.
Kituyi said President Kibaki had sanctioned release of the funds "because Uchumi is not any other company but a national brand which has strategic importance to Kenya."
A further Sh300m would be pumped in by large shareholders in an effort to rescue the company. The minister said the Government’s rescue plan would come in the form of a loan "which will be repaid when the company starts making profits."
Read More
posted by Mwananchi at 3:37 PM
1 Comments:
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