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Mar 3, 2013

Kenya counts on technology to ensure fair, peaceful vote

NAIROBI (Reuters) – Kenya has rolled out new technology in an attempt to ensure Monday’s presidential election is transparent and proves the east African nation can rebuild its image after a disputed 2007 poll unleashed weeks of ethnic killing.

Independent monitors have routinely reported “ghost” voters, stuffed ballot boxes and other violations in Kenyan votes. But the 2007 race was the bloodiest with more than 1,200 people butchered in fighting between loyalists of rival candidates.

Feb 28, 2013

Kenya’s top banks see more growth after 2012 profit rise

NAIROBI, Feb 28 (Reuters) – Three of Kenya’s top banks
posted double-digit percentage rises in profit on Thursday,
driven by a growing economy and regional trade, and said they
would maintain growth by expanding into new markets, investing
in technology and cutting costs.

However, one executive cautioned that much could depend on
whether next week’s hotly-contested presidential election passed
calmly, without the bloodshed that followed the 2007 vote.

Feb 11, 2013

Kenya summons EU envoys, accuses EU of trying to influence vote

NAIROBI (Reuters) – Kenya’s foreign minister summoned European Union ambassadors on Monday after Britain, France and others said they would have only limited contact with one presidential candidate, who is wanted by the war crimes court, if he wins the March 4 vote.

The minister accused the envoys of stoking tensions and attempting to divide the country ahead of the elections by making remarks last week that “are clearly inflammatory and could have the effect of polarizing the country”.

Jan 12, 2013

Kenya’s president rejects lawmakers’ plan to triple their bonus

NAIROBI (Reuters) – Kenya’s president rejected on Saturday plans by members of parliament to triple their end-of-term bonuses and award themselves diplomatic passports, bodyguards for life and state funerals.

In their last act before parliament closed for March 4 elections, Kenyan lawmakers, already among the best paid in the world, tried for a second time in a few months to increase their end-term bonus to 9.3 million shillings ($107,200) each.

Dec 21, 2012

Kenya devolution move stokes fears of graft, budget strains

LIMURU, Kenya, Dec 21 (Reuters) – Kenya will launch a
devolved system of government next year to try to hasten rural
development, but many fear the main result will be to spread the
chronic corruption that plagues national politics to a local
level.

Politicians are billing devolution as a radical reform
designed to prevent a repeat of post-election violence in 2007/8
in which more than 1,200 people were killed after a disputed
presidential poll.

Dec 2, 2012

Kenyan contenders facing ICC cases to run jointly in vote

NAIROBI (Reuters) – Two Kenyan presidential hopefuls indicted by the International Criminal Court (ICC) for allegedly inciting post-election violence said on Sunday they would join forces in next year’s vote and run on the same ticket.

Deputy Prime Minister Uhuru Kenyatta, son of the Kenya’s first president after independence from Britain in 1963, will seek the presidency while former cabinet minister William Ruto hopes to be vice president, according the deal.

Nov 13, 2012

Afren to drill 13 oil wells in E. Africa over two years

NAIROBI (Reuters) – British oil firm Afren (AFRE.L: Quote, Profile, Research) plans to drill 13 wells on its blocks in east Africa, at a cost of at least $120 million in the next 18 to 24 months, a senior company executive said on Tuesday, highlighting increased exploration activity in the region.

Afren, whose main producing assets are in Nigeria and which also has assets in Kurdistan, has stakes in 11 blocks in Kenya, Tanzania, Ethiopia, Madagascar and Seychelles, where it is acquiring both 2D and 3D seismic data, Galib Virani, Afren associate director, told an east African oil and gas conference.

Nov 13, 2012

UK’s Afren to drill 13 oil wells in E. Africa over 2 years

NAIROBI, Nov 13 (Reuters) – British oil firm Afren plans to drill
13 wells on its blocks in east Africa, at a cost of at least $120 million in the
next 18 to 24 months, a senior company executive said on Tuesday, highlighting
increased exploration activity in the region.

Afren, whose main producing assets are in Nigeria and which also has assets
in Kurdistan, has stakes in 11 blocks in Kenya, Tanzania, Ethiopia, Madagascar
and Seychelles, where it is acquiring both 2D and 3D seismic data, Galib Virani,
Afren associate director, told an east African oil and gas conference.

Oct 31, 2012

Kenya, Uganda inflation falls point to more rate cuts

NAIROBI/KAMPALA, Oct 31 (Reuters) – Inflation rates in Kenya
and Uganda fell in October, helped by easing food prices,
creating room for further interest rate cuts to spur growth in
east Africa’s number one and three economies.

Inflation has tumbled across east Africa’s main economies
this year after central banks slammed on the monetary brakes in
the second half of 2011 to curb runaway prices that were driven
by soaring food and fuel costs and ailing local currencies.

Sep 16, 2012

Tanzania orders review of all oil and gas exploration contracts

NAIROBI, Sept 16 (Reuters) – Tanzania’s energy minister has ordered a review
of all contracts with oil and gas exploration companies by Nov. 30, saying some
were not in the country’s interest and should be revoked, adding to measures
already under way to overhaul the country’s energy policy, newspapers reported
on Sunday.

Earlier in September, state-run Tanzania Petroleum Development Corporation
(TPDC) delayed a licensing round for nine deep-sea oil and gas blocks previously
set for this month until a parliamentary vote on a new gas policy in October.