7 interesting things that made the news this week (31st Mar – 6th Apr)

Busy week didn’t give you time to catch up with all of the interesting news items? Relax, HerBusiness will be summarizing all these things that made the news every week.

HerBusiness nominated for best business blog award

We did it, you people. HerBusiness has been nominated for the Bloggers Association of Kenya (BAKE) Awards 2018 in the best business blog category. This was one of the 23 categories recognizing the best online content in Kenya. They really cater for everyone; categories range from food blogs to religious and spirituality ones – with 5 nominees per category. Public vote will determine the winners. Voting is limited to one per person and SMS verification will be used to assure this.

You can get us over the line with your vote all in a few seconds. Simply head over to the voting page and pick us ?? BAKE Awards 2018

Women Enterprise Fund fails to meet goal

The noble, Women Enterprise Fund (WEF) has so far disbursed some sh.7 billion. Women beneficiaries totaled 536,649 in 2012. A strategic plan, for 2013-2017, was unveiled to increase this number to 1,391,150 by June 2017. Auditor-General, Ouko revealed that “loan status report as at November 30, 2016 showed that WEF had reached and benefited 710,820 women.” The status report also expounded on the issue of uptake. There are wild differences on this with ranges between only sh.1.35 million in Garsen constituency and sh.137 million in Nyeri Town.

9 Kenyan startups selected for Pangea Accelerator program

The call made by Pangea Accelerator program to give up to sh.5 million in funding received over 200 applications in Kenya. The selection panel determined that 9 from Kenya, plus one each from Egypt and Nigeria, would be among the finalists. Jane Save, senior market advisor at Innovation Norway, said “The initial expectation was that we would settle on 10 companies but we ended up with a list of 11. We were spoilt for choice.” The 9 Kenyan reps are Tozzaplus, Acacia Innovation, Onesha, Yusudi, Biasharabot, Lakeview Fisheries, Sure Corporation, SaveKubwa and Usalama.

GMO Maize fails to get greenlight

Here is a lesson on bureaucracy! Regulator, National Biosafety Authority gave a written permit to the Kenya Agricultural and Livestock Research Organization (KARLO) to proceed with field trials for biotech maize. But this, only after consulting the Kenya Plant Health Inspectorate Service (KEPHIS). KEPHIS, on its part, said authorization is required from the National Environmental Management Authority (NEMA). The conclusion by a senior KARLO director is that “the whole process (for gmo trials) has stopped.” Genetically Modified crops are a contentious issue for being linked to cancer and its negative effect on small-holder agriculture.

Corporate Governance under spotlight, again

After investigations, the Capital Markets Authority (CMA) moved to ban 8 former senior executives of the National Bank of Kenya from holding office in a listed company for 10 years. They were found to have misrepresented financial statements between June and September 2015 in an embezzlement scheme. Around sh.1 billion was reportedly stolen from the bank. Former Managing Director, Munir Sheikh headlines this list of frauds who have been recommended, by CMA, for criminal investigation to the Director of Public Prosecution.

Lecturers strike in Kenya

University Academic Staff Union (UASU), Secretary General, Wasonga advised students to give them “at least one year to iron out differences with the Government” in some show of bravado. The union has been waiting on a counter-offer from the Government. Conversely, the Government says it’s conducting a job evaluation – with the opinions of The Treasury, Salaries and Remuneration Commission needed to determine viability of the 2017-2021 Collective Bargaining Agreement (CBA). Adding a new twist to the 5-week strike, the Industrial Court has ordered lecturers to return to public universities on the Monday of 9th April, 2018. Students have obviously not had much voice in the saga.

Eldoret accords Kenyan athletes new privilege

Uasin Gishu MCAs passed a motion, by Gilbert Tenai, exempting Kenyan international runners from paying parking fees in Eldoret Town. This will apply to both active and retired athletes. The move was deemed a must because of harassment endured, by athletes, from county enforcement officers.

“all we do is win”

Next, it will be cool to get an international-standard stadium and international athlete-meets in the same region.