Tag: GreatLakesNews

  • Equity Bank Picks new Finance Boss

    {{Equity Bank has appointed a new chief finance officer (CFO) in a shake-up meant to realign the department to emerging market challenges.}}

    The bank promoted John Staley, the director of mobile banking, to the CFO position, replacing Samson Oduor who left the bank in March.

    Equity Bank also announced that Samuel Makome, the managing director of its Tanzania subsidiary, and finance director Collins Otiwu had left the company.

    “The board reached this decision following transitions that have taken place at the top levels management of this function within the group,” said Equity Bank CEO James Mwangi in a statement to the Nairobi Securities Exchange.

    In appointing Mr Staley, the lender broke with its recent trend of filling senior positions with executives from top notch international firms.

    “The board has considered internal promotions to tap into the depth, experience, capacity and the cultural strength existing within the group,” Mr Mwangi said.

    The hiring from international firms like Bank of America, Standard Chartered and Microsoft was informed by Equity’s quest to deepen its presence in the corporate segment of the banking market. This led to the recruitment of professionals from the diaspora over the past five years, some of who have already left the bank.

    Mr Oduor joined Equity last October from Ecobank Transnational where he served as the chief financial officer.

    Mr Otiwu was hired by the lender in September 2011 from British Telecom where he was the head of finance and treasury controller. But the lender is now looking inward for talent to man its executive suite.

    Mr Staley, who joined Equity Bank in 2003 as director of operations, will be assisted by two general managers, Frederick Omondi and Sammy Ndetiu.

    Mr Omondi joined the bank in 2004 while Mr Ndetiu was hired by the lender last year. The bank also appointed Joseph Iha to head its Tanzania subsidiary. Mr Iha has been with the bank since 2005 and served as executive director of the subsidiary.

    Equity Bank announced a 22 per cent rise in first-quarter net profit to Sh3.21 billion, helped by cheap deposits and lending income. The bank has been one of the most-sought-after counters at the NSE, having gained 40 per cent over the past six months.

    Foreigners now own 47 per cent of the lender compared to 40.82 per cent in October 2011. Its share has gained 53.2 per cent in the past year to Sh35.25, making it the most valuable bank at the NSE.

    {Businessdaily}

  • Ugandan Executed in China over Drug Trafficking

    {{A Ugandan musician only known as Roy Kapale (Pictured below) has been set to death by hanging in China for Drug Trafficking.}}

  • Odinga Attakcs African Leaders ‘Demonising’ ICC

    {{Former Prime Minister in Kenya, Raila Odinga has lashed out at African Leaders whom he says are demonising the International Criminal Court (ICC).}}

    He defended the ICC from accusations that it targeted African leaders saying the continent was a victim of its own failures.

    Odinga added that African leaders facing charges at the ICC were referred by their countries.

    He said Kenya voted to have the post election violence suspects tried at The Hague while Laurent Gbagbo, Charles Taylor and Joseph Kony have all been referred to the same court by their respective countries.

    Odinga made the remarks while addressing students and staff of the University of Pretoria on Wednesday saying said increasing attacks on the International Criminal Court by Africa’s leaders were disturbing and hypocritical.

    Odinga said it was difficult to understand why leaders who voluntarily appended their signatures to the Rome Statute that set up the ICC have turned around to condemn the same institution.

    The Kenyan politician said he is disturbed by attempts to demonise institutions that seek to provide relief to citizens who have suffered abuse in the hands of the leaders asking African governments to come up with concrete steps to provide justice to its citizens.

    He said that Africans are suffering as a result of the betrayal of the ideals that informed the struggle for independence.

    “Independence has come. The leadership comprised those who had fought for basic freedoms of expression, speech, association and movement. We assumed the leaders understood the pain of being denied these freedoms. They understood the pain of inequitable distribution of resources.

    “They knew the pain of being discriminated against on the basis of tribe, race, religion and place of origin. They would not commit such sins against their own people. Today, we know we were wrong,” Odinga said.

    He lamented that the struggle that the African people have had to endure in the years after independence have been as vicious and sometimes more vicious than what they waged against the colonialists.

    “It has been a struggle laced with the pain of being betrayed by a brother, an uncle, a father, a neighbour, and a friend. Where are we to turn?”

    {Nation}

  • Kenyan Woman Detained at Indian hospital over Huge Bill

    {{A Kenyan Man John Githinji and his family are in distress following his daughter’s detention by an Indian hospital over a Sh1.8 million bill.}}

    The hospital’s management has refused to release his daughter who has undergone a successful kidney transplant, unless the money is paid.

    {{Declared fit}}

    Ms Esther Wacera Githinji, 33, flew to Hinduja Hospital in March last year for a kidney transplant after waiting for 10 years to get a suitable donor.

    This is the second transplant after an earlier one where her 60-year-old mother donated to her her kidney in 2005 failed.

    Thankfully, Ann Githinji, Wacera’s sister volunteered to donate a kidney to her last year. To facilitate a transplant, the family raised Sh1.1 million by selling off some of their assets, including taking a loan and holding a fundraising. The money, he says, was enough for exercise that was to take between three to four weeks.

    However after medical analysis, doctors at the hospital said Wacera’s body was not compatible with a kidney from a family member especially because it had rejected the organ donated by her mother seven years ago after using it for only 11 months.

    Doctors advised them to seek a donor outside their family and were lucky when they found an Indian family that was suffering a similar plight and were willing to do a kidney exchange.

    However, there was an obstacle. “The Indian Government refused to do the transplant, saying that one of their own could not give a kidney to a Kenyan, leading to a legal tussle,” said Ms Julia Wambui an older sister to the detainee. It took 13 months to clear the legal hurdles for the exchange to take place.

    All this time, Wacera and her mother were living in a rental house in the country and the family was spending between Sh60, 000 to Sh80, 000 per month for their upkeep.
    After the transplant, Wacera developed complications and had to undergo three other costly operations, adding to the already astronomical bill.

    {standard}

  • Britain to compensate Tortured Kenyans

    {{The UK will compensate thousands of Kenyans tortured by colonial forces during an uprising that began as the British Empire wound down, a lawyer and expert witness have said.}}

    “We have agreed on an out-of-court settlement,” Kenyan lawyer Paul Muite, an advisor to the Mau Mau veterans seeking compensation, told the Reuters news agency on Wednesday.

    “[The negotiations] have included everybody with sufficient evidence of torture. And that number is about 5,200,” he said, declining to comment on the size of the payout.

    Britain’s foreign office declined to comment on UK media reports that the settlement would total $21.5m.

    Negotiations began after a London court ruled in October that three elderly Kenyans, who suffered castration, rape and beatings while in detention during a crackdown by British forces and their Kenyan allies in the 1950s, could sue Britain.

    The torture took place during the so-called Kenyan Emergency of 1952-60, when fighters from the Mau Mau movement attacked British targets, causing panic among white settlers.

    A formal announcement on the settlement is expected later on Thursday.

    {aljazeera}

  • Super Eagles Punish Harambee Stars 1-0

    {{Nigeria’s Super Eagles beat Harambee Stars 1-0 in FIFA World Cup qualifiers match held at Moi International Sports Centre Kasarani on Wednesday evening.

    Musa Ahmed at 80th minute scored giving Nigeria a win in the return leg.

    The two teams drew 1-1 in the first leg played in Calabar Nigeria.}}

  • UN Opens new Mission in Somalia With New Mandate

    {African Union-United Nations Information Support Team on Monday, Nicholas Kay (centre), the new Special Representative of the United Nations Secretary-General (SRSG) and head of the new UN political mission for the United Nations Assistance Mission in Somalia (UNSOM) (right) , speak to the media during a joint press briefing with Somali Prime Minister Abdi Farah Shirdon (left) at the mission’s headquarters in the Somali capital Mogadishu. PHOTO | AFP}

    {{The United Nations has opened a new Somalia office to replace the previous UN Political Office for Somalia (UNPOS).}}

    The UN Assistance Mission in Somalia (UNSOM) was launched on Sunday after the arrival of UN envoy Nicholas Kay in the Somali capital Mogadishu.

    The new UN Somalia office comes with a new mandate “to support state building and peace building.” Kay, the new special representative of the UN Secretary-General in the country, said upon his arrival in Mogadishu he was pleased to work with the people and government of Somalia.

    “I am very pleased to be in Mogadishu and to have this opportunity to support the Federal Government and people of Somalia to bring peace, security and prosperity back to Somalia,” he said.

    Somali Prime Minister Abdi Farah Shirdon welcomed the launch of the UN office as a “vote of confidence in the new Somalia.”

    “You have shown the world that to engage with Somalia it is possible – and indeed necessary – to come to Somalia,” the Somali prime minister told the UN envoy.

    Special African Union representative for Somalia Mahamat Saleh Annadif also gave his welcoming remarks: “I wish to affirm my support, as head of Amisom, to the UN Assistance Mission to ensure that the people of Somalia realise their dream of a peaceful and stable country.”

    Kay, a British national, will take over from the Tanzanian, Augustine Mahiga, who headed the UNPOS.

    {wirestory}

  • Microsoft to Earn Millions from Kenya laptops Deal

    {{Microsoft is set to earn billions of shillings from supply of software for the free laptop plan after it signed a deal with President Uhuru Kenyatta to support the school-based computer idea.}}

    Microsoft will train all primary school teachers for free to enable them implement the laptop plan and in return will feed the computers with its own software at discounted rate.

    The government intends to offer free laptops to all class one going children totalling about 1.5 million pupils beginning next year with the first phase of the exercise expected to cost Sh17 billion.

    The partnership will see the US software giant in partnership with other operators develop at least five enterprises in each county in Kenya to provide technical support in hardware, connectivity and software to all schools.

    Microsoft is expected earn to annual fees from each computer that will be attached with its software, which is expected to run into hundreds of millions based on analyst’s estimation.

  • Kenya Plans to Open More Missions in Africa

    {{Kenya has announced plans to open up several missions in countries across Africa as the Uhuru Kenyatta administration seeks to strengthen ties within the continent.}}

    Foreign Affairs Secretary Amina Mohamed says, “Kenya will soon be opening several Missions and Consulates in those African regions that we are unrepresented to enhance our engagement in Africa.”

    She said that the vocal point of cooperation between Kenyan and African countries will be based on trade ties hinting that Nairobi was shifting its focus from the traditional western and Far East trade partners and work closely with African countries.

    “Trade and investment are key for the growth and development of countries like ours. Currently the balance of trade remains heavily in favour of non- African trade partners, yet the pattern globally is in sharp contrast to this arrangement.”

    While reiterating Kenya’s fully committment to Africa’s economic development, the country’s top diplomat added that Kenya’s long term development policy the Vision 2030 which is also premised on cooperation on projects with regional focus including the proposed LAPSET corridor aimed at linking Kenya, Ethiopia, South Sudan and the Sudan through rail, road, oil pipelines and fibre optic cables as an integral part of the African Union transcontinental program.

  • Uganda door-to-door HIV testing starts

    {{Uganda has embarked on a door-to-door HIV/Aids testing campaign in the capital Kampala.}}

    Unlike in the past when one would visit a health centre or camp for HIV/Aids counselling and testing, the services will be taken to those who need it.

    This follows the launch of a mobile van for free HIV/Aids Counselling and Testing (HCT) in the five divisions of Kampala.

    The van has a fully equipped laboratory, two counselling rooms and a reception.

    The HCT van will move in slums, streets, clubs, car parks, among others, targeting the most at risk population such as boda boda (motorcycle) taxi operators, mechanics, commercial sex workers, bus and taxi drivers and homosexuals.

    Ms Prossy Kayiira, the HCT coordinator at Uganda Health Marketing Group (UHMG), said HIV prevalence among city dwellers had increased but sensitisation had declined.

    “Many people shy away from visiting health facilities for early testing and this puts many at risk of contracting the epidemic,” she said.

    Ms Kayiira added: “New innovations such as mobile health trips reaching out to the public at their comfort places will help create much awareness.”

    The 2011 Uganda Demographic Health Survey report revealed that the country’s HIV prevalence had risen from 6.4 per cent in 2006 to 7.3% in 2011.

    The prevalence rate was highest in urban areas and in particular in the central region of Uganda

    In a press statement, the UHMG indicated that, while business was booming in Kampala, the HIV prevalence was also increasing.

    “Kampala’s HIV prevalence rate now stands at 6.9% (Aids Indicator Survey, 2011),” the statement reads in part.

    Mr Denis Ahairwe, the UHMG project director, said to reinforce HIV prevention and awareness, interventions in Kampala needed to be closer to the people to supplement the KCCA public facilities already in place.

    “The programme will last for three years and many people will benefit.”

    {NV}