16TH OCTOBER 2013 MMU FM BUSINESS NEWS 10.45AM BY CAROLYNE GATHONI.

SACCO ARE LOBBYING TO BE EXCLUDED FROM PAYING EXERCISE DUTY ON TRANSACTION FEES.

SACCO UNDER THE KENYA UNION OF SAVINGS AND CREDIT CO-OPERATIVES MET WITH TWO PARLIAMENTARY COMMITTEES IN THEIR BID TO BE EXEMPTED THEY ALSO PUSHED FOR THE FORMATION OF A CO-OPERATIVE MINISTRY THAT WILL ADDRESS THEIR ISSUES PROPERLY AND BOOST THE GROWTH.

 16TH OCTOBER 2013 MMU FM   BUSINESS NEWS   10.45AM  BY CAROLYNE GATHONI.

 THE COST OF PRINTING BANK NOTES AND MINTING COINS DOUBLED TO SH 2.4 BILLION LAST YEAR, WITH THE CENTRAL BANK OF KENYA CBK ATTRIBUTING THE JUMP TO EXPENSES OF PRINTING NEW GENERATION CURRENCY UNDER THE CONSTITUTION.

CBK’s  ANNUAL FINANCIAL STATEMENTS FOR UP TO JUNE THIS YEAR SHOW CURRENCY PRODUCTION COSTS ROSE TO SH.1.2 BILLION IN THE PAST 12 MONTHS EVEN THOUGH THE REGULATOR IS YET TO MAKE PUBLIC THE PROGRESS OF THE EXPECTED SWITCH TO NEW LOOK CASH.

THE 2010 CONSTITUTION REQUIRED PRODUCTION OF NEW CURRENCY THAT DOES NOT BEAR THE IMAGE OF AN INDIVIDUAL, UNLIKE CURRENTLY WHERE KENYAN NOTES AND COINS BEAR PORTRAITS OF FORMER PRESIDENTS.

 

16TH OCTOBER 2013 MMU FM   BUSINESS NEWS   10.45AM  BY CAROLYNE GATHONI.

FROM OIL TO NUCLEAR POWER, VIA GAS , COAL AND RENEWABLE S , ASIA’s ECONOMIC GROWTH IS INCREASINGLY STEERING THE FORWARD PATH OF THE GLOBAL ENERGY INDUSTRY.

IT IS CLEAR THAT ASIA’s EMERGING ECONOMIES HAVE ENTERED A HISTORICAL PHASE OF INDUSTRIALIZATION AND URBANIZATION, “PETER VOSER, THE CHIEF EXECUTIVE OF ENERGY GIANT SHELL , SAID AT THE ONGOING WORLD ENERGY CONGRESS IN DAEGU , SOUTH KOREA”.

THE PACE OF CHANGE IS ALMOST INCONCEIVABLE, VOSER SAID.

SHELL ESTIMATES THAT ENERGY DEMAND ACROSS THE ASIAN REGION WIL DOUBLES OVER THE NEXT 50YEARS WITH CHINA AND INDIA THE MAIN GROWTH DRIVERS FOR AT LEAST THE NEXT TWO DECADES