Ratio Magazine :: The Inside Track to East Africa’s Economies - Kenya Gazette Highlights for 6 February 2009

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| 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

Kenya Gazette Highlights for 6 February 2009

Friday, 06 February 2009

In this issue: New appointment of controller and auditor general at the Kenya National Audit Office, payments to bankers’ unions, new license application for non-precious minerals prospecting, ponzi scheme Sasanet Investment Co-operative Society has been placed under liquidation, NEMA receives environmental impact assessment for Suba Green Forest Initiative and a cement manufacturing and mining site in Pokot.

New Appointments
President Mwai Kibaki has appointed Anthony S.M. Gatumbu, as the new Controller and Auditor-General, Kenya National Audit Office with effect from 28 January 2009. The Office of the Controller and Auditor General is a constitutional office with security of tenure. Originally referred to as the Exchequer and Audit Department, the office has been one of the few official offices to systematically highlight high level graft in public offices. Gatumbu takes over from Evan Mwai whose term ended in 2008.

Collection of Agency Fees
The Minister of Labour, John Munyes, has ordered every member bank of the Kenya Bankers Association, to deduct every month 1% of the basic salary of every employee covered by the terms and conditions of the parties collective bargaining agreement in force but who are not members of the Banking, Insurance & Finance Union (K), subject to a minimum of KES250 and a maximum of KES600 per month, in respect of wages earned from 1 March 2009.

The Minister has also ordered every member bank of Kenya Bankers Association to pay within ten days of the deductions, the total sums deducted under the schedule by a crossed cheque, made payable to Banking, Insurance and Finance Union (Kenya) into the union’s account number 01-020-741448-00 at Standard Chartered Bank Limited, Harambee Avenue Branch, Nairobi, and notify the trade union in writing and within one month of the payment together with the full schedule of paying members.
The provisional list of employees eligible to pay the agency fees from 16 Kenyan banks can be found in the Kenya Gazette for 6 February 2009.

Application for Mining License
Swensson & Simonet Minerals (SSM) has applied for a special license to prospect for non-precious minerals and base metals over an area of approximately 125.6 square kilometers situated in Kwale District of the Coast province in Kenya. The Commissioner for Mines and Geology has accepted the application for consideration.

Founded by gemologists Fredrik Swensson and Cedric Simonet in 1998, SSM is a coloured gemstone exploration company based in Kenya. It currently holds exploration titles in south-eastern Kenya, and is working on a target generation programme to increase its portfolio. Its has ongoing exploration in Ngomei located in the Kuranze South Eastern Kenya and in Kisoli in South Eastern Kenya, believed to host world-class sapphire and ruby deposits as well as rhodolite, and savannah tourmalines.

Liquidation Orders
Sasanet Investment Co-operative Society Limited, one of Kenya’s largest ponzi schemes, has been placed under liquidation by the Commissioner for Co-operative Development. Vincent Wekesa Nyongesa, a co-operative auditor at the Ministry of Co-operative Development and Marketing, has been appointed as a liquidator for a period of one year and has taken into his custody all the property of Sasanet.

Sasanet was arguably Kenya’s largest pyramid scheme in which thousands lost millions of shillings in the scheme that doubled up as a phony ICT services company. Through massive advertising in local dailies, clients were lured into putting millions of shillings into Sasanet, which claimed it wanted to use the money to expand its business. The ponzi scheme asked prospective investors to contribute a minimum of KES500,000 for the expansion plan with a promise of returns at the rate of 10% per month or KES360,000 payable biannually. By the time of its collapse in late 2007, it was said to have gone bust with over KES1bn from conned investors.

National Environmental Management Authority
The National Environmental Management Authority (NEMA) has received an environmental impact assessment report for a proposed venture to be known as the Suba Green Forest Initiative in Kwethumbe point in Suba District, Nyanza Province.

The proposed project will entail establishment of charcoal, bio-diesel and honey processing factories that will utilise jatropha and trees from Suba Green Forest Initiative Project. Members of the public have been invited to submit oral or written comments within 30 days from 6 February 2009 to the Director General NEMA.

NEMA has also received a report for the implementation of a proposed cement manufacturing plant and mining site in Pokot Central District in Rift Valley Province.

The proposed project entails construction of a cement plant and cement manufacturing for the local and export market as well as the mining of limestone in the region. Members of the public have been called to submit comments on the project within 30 days.

Modifications of Conditions of license for GSM operators
The Communications Commission of Kenya (CCK) is proposing to modify license conditions of GSM operators in Kenya. The CCK is proposing to increase the Quality of Service (QoS) requirements as follows;

Selected Key Performance Indicators	Threshold Targets
	Proposed Graduated Targets
	Implemented Immediately	Implemented After 3 years
Completed Calls	90%	95%
Call Setup Success Rate	90%	95%
Dropped Calls	2%	2%
Blocked Calls	10%	5%
Speech Quality	95% > 2.7	95% > 3.1
Call Setup Time	<13.5 s	13.5 s

As regards compliance assessment on the QoS, the following procedures shall also apply;

Besides the submission of returns by the licensee on the QoS parameters, the Commission will continuously conduct independent QoS measurements in relation to the licensee in all the provinces of Kenya
The results of each QoS parameter will be the average of all the measurements done for all the provinces during the entire reporting period of 12 months commencing from the effective date of the notice
The licensee will only be assessed on the geographical areas of coverage where the license coverage obligation applies at the time of measurement
The licensee shall achieve the threshold of at least 80% of the listed QoS parameters provided for in the license as per the returns and the independent QoS measurements
Failure to achieve the threshold of at least 80% of the listed QoS parameters, after notification by the Commission to the licensee, shall constitute non-compliance with the QoS conditions and the licensee shall be liable to a penalty in accordance with the Kenya Communications (Amendment) Act 2009
The CCK shall, prior to carrying out tests to verify compliance with this condition, share with the licensee the QoS measurement framework to be used

The previous gazette notice has subsequently been revoked Communications Commission of Kenya Issues Quality Standards to GSM Operators.

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