The Inside Track to East Africa's Economies
Tezza Solutions
N.S.E Share Price
...NSE SHARE Index: 4264.66  UP by 3.08 points | Kakuzi Ord.5.00  77.00  -3.00 | Rea Vipingo Plantations Ltd Ord 5.00 16.45  0.00 | Sasini Ltd Ord 1.00 11.55  0.00 | AccessKenya Group Ltd Ord. 1.00 10.00  0.00 | Car & General (K) Ltd Ord 5.00 49.50 DNT | CMC Holdings Ltd Ord 0.50 10.40  -0.10 | Hutchings Biemer Ltd Ord 5.00 20.25 DNT | Kenya Airways Ltd Ord 5.00 39.50  0.00 | Marshalls (E.A.) Ltd Ord 5.00 14.20 DNT | Nation Media Group Ord. 2.50 173.00  -1.00 | Safaricom Ltd Ord 0.05 4.20  0.05 | Scangroup Ltd Ord 1.00 60.00  -0.50 | Standard Group Ltd Ord 5.00 39.50 DNT | TPS Eastern Africa (Serena) Ltd Ord 1.00  66.50  0.00 | Uchumi Supermarket Ltd Ord 5.00 14.50 DNT | Barclays Bank Ltd Ord 2.00 69.50  0.50 | Centum Investment Co Ltd Ord 0.50  22.25  0.25 | CFC Stanbic Holdings Ltd ord.5.00 79.00  0.00 | Diamond Trust Bank Kenya Ltd Ord 4.00 146.00  -1.00 | Equity Bank Ltd Ord 0.50 28.75  0.25 | Housing Finance Co Ltd Ord 5.00 28.00  0.75 | Jubilee Holdings Ltd Ord 5.00 187.00  1.00 | Kenya Commercial Bank Ltd Ord 1.00 23.25  0.25 | Kenya Re-Insurance Corporation Ltd Ord 2.50 10.60  -0.10 | National Bank of Kenya Ltd Ord 5.00 47.00  0.50 | NIC Bank Ltd 0rd 5.00 52.00  0.50 | Olympia Capital Holdings ltd Ord 5.00 5.00  0.05 | Pan Africa Insurance Holdings Ltd 0rd 5.00 76.00  -3.50 | Standard Chartered Bank Ltd Ord 5.00 275.00  3.00 | The Co-operative Bank of Kenya Ltd Ord 1.00 20.25  0.25 | Athi River Mining Ord 5.00 180.00  -1.00 | B.O.C Kenya Ltd Ord 5.00 150.00 DNT | Bamburi Cement Ltd Ord 5.00 197.00  0.00 | British American Tobacco Kenya Ltd Ord 10.00  280.00  6.00 | Carbacid Investments Ltd Ord 5.00 145.00  -1.00 | Crown Berger Ltd 0rd 5.00 32.50  -1.50 | E.A.Cables Ltd Ord 0.50 19.15  -0.40 | E.A.Portland Cement Ltd Ord 5.00 100.00  -3.00 | East African Breweries Ltd Ord 2.00 181.00  1.00 | Eveready East Africa Ltd Ord.1.00 2.55  0.00 | KenGen Ltd Ord. 2.50 15.50  -0.05 | KenolKobil Ltd Ord 0.05  9.40  -0.10 | Kenya Power & Lighting Co Ltd Ord 2.50 22.50  0.50 | Mumias Sugar Co. Ltd Ord 2.00 8.10  -0.30 | Sameer Africa Ltd Ord 5.00 6.15  -0.05 | Total Kenya Ltd Ord 5.00 28.00  0.25 | Unga Group Ltd Ord 5.00 10.35  -0.10 | City Trust Ltd Ord 5.00 186.00 DNT | Eaagads Ltd Ord 1.25 50.00  -4.50 | Express Ltd Ord 5.00 7.50  -0.20 | Williamson Tea Kenya Ltd Ord 5.00  200.00  0.00 | Kapchorua Tea Co. Ltd Ord Ord 5.00 125.00 DNT | Kenya Orchards Ltd Ord 5.00 3.00 DNT | Limuru Tea Co. Ltd Ord 20.00 305.00 DNT | Kakuzi Ord.5.00  77.00  -3.00 | Rea Vipingo Plantations Ltd Ord 5.00 16.45  0.00 | Sasini Ltd Ord 1.00 11.55  0.00 | AccessKenya Group Ltd Ord. 1.00 10.00  0.00 | Car & General (K) Ltd Ord 5.00 49.50 DNT | CMC Holdings Ltd Ord 0.50 10.40  -0.10 | Hutchings Biemer Ltd Ord 5.00 20.25 DNT | Kenya Airways Ltd Ord 5.00 39.50  0.00 | Marshalls (E.A.) Ltd Ord 5.00 14.20 DNT | Nation Media Group Ord. 2.50 173.00  -1.00 | Safaricom Ltd Ord 0.05 4.20  0.05 | Scangroup Ltd Ord 1.00 60.00  -0.50 | Standard Group Ltd Ord 5.00 39.50 DNT | TPS Eastern Africa (Serena) Ltd Ord 1.00  66.50  0.00 | Uchumi Supermarket Ltd Ord 5.00 14.50 DNT | Barclays Bank Ltd Ord 2.00 69.50  0.50 | Centum Investment Co Ltd Ord 0.50  22.25  0.25 | CFC Stanbic Holdings Ltd ord.5.00 79.00  0.00 | Diamond Trust Bank Kenya Ltd Ord 4.00 146.00  -1.00 | Equity Bank Ltd Ord 0.50 28.75  0.25 | Housing Finance Co Ltd Ord 5.00 28.00  0.75 | Jubilee Holdings Ltd Ord 5.00 187.00  1.00 | Kenya Commercial Bank Ltd Ord 1.00 23.25  0.25 | Kenya Re-Insurance Corporation Ltd Ord 2.50 10.60  -0.10 | National Bank of Kenya Ltd Ord 5.00 47.00  0.50 | NIC Bank Ltd 0rd 5.00 52.00  0.50 | Olympia Capital Holdings ltd Ord 5.00 5.00  0.05 | Pan Africa Insurance Holdings Ltd 0rd 5.00 76.00  -3.50 | Standard Chartered Bank Ltd Ord 5.00 275.00  3.00 | The Co-operative Bank of Kenya Ltd Ord 1.00 20.25  0.25 | Athi River Mining Ord 5.00 180.00  -1.00 | B.O.C Kenya Ltd Ord 5.00 150.00 DNT | Bamburi Cement Ltd Ord 5.00 197.00  0.00 | British American Tobacco Kenya Ltd Ord 10.00  280.00  6.00 | Carbacid Investments Ltd Ord 5.00 145.00  -1.00 | Crown Berger Ltd 0rd 5.00 32.50  -1.50 | E.A.Cables Ltd Ord 0.50 19.15  -0.40 | E.A.Portland Cement Ltd Ord 5.00 100.00  -3.00 | East African Breweries Ltd Ord 2.00 181.00  1.00 | Eveready East Africa Ltd Ord.1.00 2.55  0.00 | KenGen Ltd Ord. 2.50 15.50  -0.05 | KenolKobil Ltd Ord 0.05  9.40  -0.10 | Kenya Power & Lighting Co Ltd Ord 2.50 22.50  0.50 | Mumias Sugar Co. Ltd Ord 2.00 8.10  -0.30 | Sameer Africa Ltd Ord 5.00 6.15  -0.05 | Total Kenya Ltd Ord 5.00 28.00  0.25 | Unga Group Ltd Ord 5.00 10.35  -0.10 | City Trust Ltd Ord 5.00 186.00 DNT | Eaagads Ltd Ord 1.25 50.00  -4.50 | Express Ltd Ord 5.00 7.50  -0.20 | Williamson Tea Kenya Ltd Ord 5.00  200.00  0.00 | Kapchorua Tea Co. Ltd Ord Ord 5.00 125.00 DNT | Kenya Orchards Ltd Ord 5.00 3.00 DNT | Limuru Tea Co. Ltd Ord 20.00 305.00 DNT 
Subscribe to Ratio Magazine
Check out our Business Diary
Find a job

 

Kenya Gazette Highlights for 16 January 2009 Print E-mail
Monday, 19 January 2009
In this issue: Giraffe Manor taken over by Tamimi Ltd from Saudi Arabia, labour relations and collection of trade union dues, Mama Ngina and others to lose land to government for infrastructure construction, and new CCK license applications.

Restrictive Trade Practices, Monopolies and Price Control  

The Acting Minister of Finance, John Michuki, has authorised the takeover of the tangible and intangible assets of Giraffe Manor Ltd by Tamimi Ltd. Built in 1932 by David Duncan, the Giraffe Manor is one of the oldest luxury safari resorts in Kenya. Located a few kilometers from Nairobi city, it borders on the Ngong Hills to the west. Tamimi Global Company Ltd. is a Saudi Arabian hospitality company. Its entry into the Kenyan market is an indication that the tourism industry is still considered to be a viable venture.

The Acting Minister of Finance has also authorised the takeover of Alitaki Safaris Ltd by Stefano Cheli and Elizabeth Cheli.

Labour Relations and Collection of Trade Union Dues

The Minister of Labour, John Munyes, has made orders that every employer who employs more than five members of the Dock Workers Union-
  • deduct 2% of the basic salary every month in respect of trade union dues from the wages of his employees who are members of that trade union. The 2% deduction is, however, capped at a maximum of KES700 from the basic wages of each employee per month.
  • pay within ten days of the deduction the total sums deducted by closed cheque made payable to the Docks Workers Union into the unions Account No. 16-1093734 at the Barclays Bank branch in Mombasa, Nkurumah road.
  • pay within ten days the sum of KES50 deducted from the wages of each employee by crossed cheque made payable to the Central Organisation of Trade Unions (Kenya) into the organisation’s account no 140-792-7 at Barclays Bank, Queensway branch in Nairobi.
  • notify the trade union and the organisation in writing and within one month of the payment and,
  • make written returns to the registrar of Trade Unions within one month of making all the payments to the trade union and the organisation.

Land Acquisitions

The Commissioner of Land has given notice to former first lady of Kenya, Mama Ngina Kenyatta, of the intention of the government to acquire parcels of her land for the construction of the Nairobi Eastern By-pass Road. In total, Mama Ngina will loose 19.6 hectares of land.

Mama Ngina will be able to lay claims and raise any other queries at 9.30am at the District Commissioners office in Kiambu East District on 3 March 2009.

The Commissioner of Lands has also notified seven land owners of the government’s intention to acquire land for the construction of Timboroa-Eldoret-Turbo-Webuye and Malaba. Over five hectares of land will be reclaimed by the government for the construction for the intended Eldoret to Malaba road.

Similarly, several small parcels of land will also be acquired for the construction of the Keroka-Nyangusus Phase II Road Project. Interested parties will deliver their compensation claims to the Commissioner of Lands by 2 February 2009.

Application for Communications Licenses

The Communications Commission of Kenya (CCK) has received two applications for licenses from Econet Wireless Kenya Ltd and Fanaka Online Ltd.

Econet Wireless is applying for licenses to enable them to provide service provider and international gateway services for their clients. Fanaka Online is applying for a internet service provider license.

Professional Misconduct by Accountant

Following an inquiry on July 8, 2008, by the Disciplinary Committee of the Institute of Certified Public Accountants of Kenya, one member of the Institute, Charles Tela Alusala, was found guilty of professional misconduct and the Council of the Institute recommended that the member be reprimanded by the publication of the reprimand in the Kenya Gazette.

The misconduct in question related to failure by Charles Tela Alusala to undertake audit assignments for Messrs. Latis Construction Co. Ltd and Machakos Funeral Home, even after being paid KES85,000 as professional fees.

Advocates Complaints Commission

The Advocates Complaints Commission has received a total of 235 new complaints between 1 October 2008 and 31 December 2008. Of the 235 complaints, 35 were classified and files opened. Two hundred were submitted for further enquiry under preliminary enquiry initiative.



Share this article with others:
Digg!Reddit!Del.icio.us!Facebook!Slashdot!Netscape!Technorati!StumbleUpon!Newsvine!Furl!Yahoo!Ma.gnolia!Free social bookmarking plugins and extensions for Joomla! websites!
Comments (2)Add Comment
thanks
written by bankelele, January 19, 2009
thanks for the update, i try and read it every week, but sometimes dont see a copy till mid of new week
report abuse
vote down
vote up
Keep it up
written by Steve Muchai, January 31, 2009
My regards to ratio magazine for your insightful and well packaged information.
report abuse
vote down
vote up

Write comment

busy
 
IDC- Cloud Computing & Datacenter Roadshow 2011
Arqaam Capital
Global Interlink Travel Services Ltd.
African is Cool online investor relations
Follow RatioMagazine on Twitter

Sponsored Links

News Stream